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Heritage Financial Corporation to Acquire Puget Sound Bancorp, Inc.

You are here now : Puget Sound Bank > News > News > Heritage Financial Corporation to Acquire Puget Sound Bancorp, Inc.

Heritage Expands its Business Banking
Franchise in Seattle-Bellevue Metropolitan Area

July 26, 2017 — Heritage Financial Corporation (“Heritage”) (NASDAQ: HFWA) and Puget Sound Bancorp, Inc. (“Puget Sound”) (OTCQB: PUGB) jointly announced today the signing of a definitive agreement under which Heritage will acquire Puget Sound in an all stock transaction valued at approximately $126.1 million, or $35.84 per share, based on the closing price of Heritage common stock of $27.15 on July 26, 2017.

Read the complete news release.

July 26th 2017 |