Aug. 30, 2012
/PRNewswire/ -- Heritage Financial Corporation ("Company") (Nasdaq: HFWA), announced that its Board of Directors has authorized the repurchase of up to 5% of the Company's outstanding shares or approximately 757,000 shares. The number, timing and price of shares repurchased will depend on business and market conditions, and other factors, including opportunities to deploy the Company's capital. The repurchase program may be discontinued at any time.
The new stock repurchase program follows the previous stock repurchase program, which allowed for the buyback of approximately 782,000 shares and expired
, 2012. Under the previous program, 590,832 shares were repurchased.
June 30, 2012
, the Company had consolidated total assets of
and shareholder's equity of
with tangible common equity to tangible assets at 14.0%.
About Heritage Financial
Heritage Financial Corporation is a bank holding company headquartered in
, Washington. The Company operates two community banks, Heritage Bank and Central Valley Bank. Heritage Bank serves western
and the greater
area through its twenty-seven full-service banking offices and its Online Banking Website
. Central Valley Bank serves
counties in central
through its six full-service banking offices and its Online Banking Website
. The Company's stock is traded on the Nasdaq Global Select Market under the symbol "HFWA". Additional information about Heritage Financial Corporation is available on its Internet Website
SOURCE Heritage Financial Corporation