Olympia — The power of a recently completed merger and an improving economy paid off nicely for the parent company to Olympia’s Heritage Bank in the third quarter.
Heritage Financial’s profit soared in the third quarter, more than doubling its profit from the same period a year ago.
The company earned net income of $7.1 million, or 23 cents a share, compared to net income of $3.3 million, or 20 cents a share, from the third quarter of 2013.