Heritage Bank Recognized for Small Business Lending

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Nov 14, 2014, 02:21 ET

OLYMPIA, Wash., Nov. 14, 2014 /PRNewswire/ -- Heritage Financial Corporation (Nasdaq: HFWA), the parent company of Heritage Bank, announced that Heritage Bank, was ranked 1^st in Small Business Administration ("SBA") 504 lending and 5^th in SBA 7A lending amongst its peers. The Small Business Administration Seattle District Office recently issued their fiscal year ended September 30, 2014 lender rankings. The rankings are based on total loans closed. Heritage closed 15 504 loans and 62 7A loans, which totaled $16.0 million and $21.4 million, respectively.

Mr. Bryan McDonald, Executive Vice President and Chief Lending Officer, commented, "The results are tied to the long term commitment Heritage Bank has made to small business lending. Heritage Bank focuses on promoting the profitability and prosperity of small businesses by providing low cost, fixed rate commercial real estate financing in partnership with the U.S. Small Business Administration. The programs provide our borrowers with enhanced financing options which ultimately benefit the communities in which we serve."

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 branching network of 67 banking offices in Washington and Oregon. Heritage Bank also does business under the Central Valley Bank name in the Yakima and Kittitas counties of Washington and 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 on its website at www.hf-wa.com and more information about Heritage Bank can be found on its website at www.heritagebanknw.com.

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SOURCE Heritage Financial Corporation