Heritage Financial Corp. announced that it has received all regulatory approvals required to complete the previously announced merger of Olympic Bancorp Inc. with and into Heritage, and the merger of Kitsap Bank with and into Heritage Bank.

Heritage expects the transaction to close on or about Jan. 31, 2026, subject to the satisfaction of customary closing conditions, including the receipt of shareholder approval by the shareholders of both Heritage and Olympic.

"We are pleased to have received the necessary regulatory approvals as this is an important step towards integrating a successful merger," said Bryan McDonald, Heritage President and CEO. "Kitsap Bank's relationship banking strategy nicely compliments Heritage's strategies. This combination will create a more robust banking platform for communities across the Puget Sound region."