Heritage Bank finalizes acquisition of Valley Bank

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OLYMPIA — Olympia-based Heritage Financial Corp., the parent company of Heritage Bank, announced Monday it completed the previously announced acquisition of Valley Community Bancshares, Inc. and its wholly-owned subsidiary, Valley Bank of Puyallup.

The merger expands Heritage Bank's presence in the Puget Sound region, increasing its assets to approximately $1.7 billion and 43 branches.

The company's southern regional headquarters is in downtown Vancouver's Vancouvercenter. Heritage is also constructing a suburban branch in east Vancouver at Southeast 164th Avenue and 18th Street.