Heritage Financial Corp., which owns Olympia's Heritage Bank, is set to release its third-quarter earnings Monday. Company officials will be looking to improve on the $523,000 profit the company earned in the second quarter of the year.
The earnings release also should shed light on Heritage Financial’s operations after it acquired Cowlitz Bank of Longview as part of a sale assisted by the Federal Deposit Insurance Corp.
Regulators closed Cowlitz Bank on July 30. As part of the acquisition, Heritage gained nine branches, including a division called Bay Bank, which had branches in Seattle, Vancouver, Wash., Bellevue and Portland. They since have reopened under the Heritage Bank name.
Heritage also opened a new branch in Puyallup during the third quarter. The South Hill branch is at 4627 S. Meridian. Heritage Financial’s stock trades under the ticker symbol HFWA. In the past 52 weeks the stock has ranged between $16.46 and $12.25 per share. The stock closed Friday at $13.51 per share.