OLYMPIA, Wash., July 1, 2019 /PRNewswire/ -- Heritage
Financial Corporation (Nasdaq: HFWA) ("Company"), parent company of
Heritage Bank ("Bank"), announced today that Jeffrey J. Deuel was named president and CEO and
appointed to the board of directors. As part of the CEO
succession plan previously announced in July
2018, Deuel was named president of the Company and CEO of
Heritage Bank at that time. Deuel held the titles of
president and chief operating officer of Heritage Bank from 2012 to
2018. He has held a variety of leadership positions during his
banking career which spans more than 37 years and has encompassed
the areas of commercial lending, credit administration, portfolio
management, retail and corporate strategies.
Deuel said, "I am honored to lead Heritage Financial
Corporation. It is a privilege to be part of an organization
with a long history of providing quality customer service, a
collaborative corporate culture focused on continuous improvement,
supporting the communities where it operates, and enhancing
shareholder value".
As previously announced, Brian L.
Vance, who served as CEO of Heritage Bank from 2003 and CEO
of Heritage Financial Corporation since 2006, will now serve as
executive chair of the Company's and the Bank's boards of
directors. With a commercial banking career spanning 47 years and
his 23 years of service at Heritage, Vance has played an important
part in the development of the organization.
"I want to thank the Heritage team for a wonderful career and I
look forward to the next phase as executive Chair," said
Vance. "We are fortunate to have someone of Jeff's ability
leading the Company and I believe his appointment as president and
CEO will provide a seamless leadership transition for our
shareholders, customers and employees."
Brian S. Charneski, who has
served as a board member since 2000 and has been chairman since
May 2016, will now assume the role of
lead independent director.
"The board is pleased to have Brian serve as executive chairman
and we believe Jeff's leadership skills and industry knowledge will
serve us well," said Charneski.
About Heritage Financial
Heritage Financial
Corporation is an Olympia-based
bank holding company with Heritage Bank, a full-service commercial
bank, as its sole wholly owned banking subsidiary. Heritage Bank
has a branch network of 62 banking offices in Washington and Oregon. Heritage Bank also does business under
the Whidbey Island Bank name on Whidbey Island. Heritage's stock is
traded on the NASDAQ Global Select Market under the symbol
HFWA. More information about Heritage Financial Corporation
can be found at www.hf-wa.com. Information regarding Heritage Bank
can be found at www.heritagebanknw.com.
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SOURCE Heritage Financial Corporation