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Celebrating our heritage of leadership

Spices and herbs in jars and bowls on a wooden table.
 

Brian Vance announces retirement following 22 years of service

After 22 years of service, Heritage Bank CEO Brian Vance has announced his retirement. He will serve in his current capacity as CEO of Heritage Financial Corporation until July 1, 2019, at which time he will become Executive Board Chair and focus on board activities.

Jeff Deuel succeeds Brian as CEO & President of Heritage Bank, effective July 9, 2018. Jeff has also assumed the role of President and Chief Operating Officer of Heritage Financial Corporation. He has been Heritage Bank's Chief Operating Officer for the past eight years and has been a key contributor to the bank's growth since joining in 2010.

Finally, Bryan McDonald, another longstanding member of the executive team, has been promoted to Chief Operating Officer. Bryan joined the Heritage leadership team following the merger with Whidbey Island Bank and has a combined company tenure of 12 years.

These leadership changes are the culmination of long-term succession planning in order to ensure a seamless transition for our customers, employees, shareholders, and the communities we serve.

It is an exciting time for our company and we look forward to working with each of you as we further our position as one of the leading financial institutions serving the Pacific Northwest.
 

Pictured left to right: Jeff Deuel, Bryan McDonald, and Brian Vance.

 
Jeff Deuel

Meet Jeff Deuel, President & Chief Executive Officer of Heritage Bank

On July 9, 2018, Jeff Deuel was promoted to President & CEO of Heritage Bank. For the past eight years, Jeff has served as an integral member of the Heritage Bank leadership team, overseeing day-to-day banking operations and guiding the organization through seven mergers. Jeff's commercial banking experience spans a variety of leadership positions, including lending, credit administration, portfolio management, retail, corporate strategies and support services.
I have a passion for the community bank model, which focuses on helping business owners grow their companies and, by extension, helping communities grow. No one does this better than Heritage Bank, and it gives me great satisfaction to continue building the bank's legacy alongside some of the most talented people in the business.
I have been part of the Heritage strategic planning process for several years now, and I feel good about our plans for the future. We will continue focusing on organic growth and growth through acquisitions while always working to be the best community bank in the Pacific Northwest. Heritage Bank was founded on the promise of helping our customers build a heritage in their communities and doing so in a way that rewards our investors. We have delivered on that promise for nearly a century, and I am committed to carrying on the tradition.
It is both an exciting and challenging time for regional banks. New technologies and business models are changing the way customers interact with their banking institutions. Now more than ever, banks need to be attuned to their customers and the nuances of the markets in which they operate. As a longstanding presence in the region, Heritage Bank has a deep understanding of our local communities; we are in an exceptional position to help our customers — retail and commercial — achieve their financial aspirations, while fueling positive economic growth throughout the communities we serve.
I run most mornings before work, and I cycle on the weekends. Both activities provide a great opportunity to think and get some exercise. I have done the STP, RSVP and RAMROD rides and, if things ever settle down, I would like to spend more time on my bike. I also really like to travel. Above all else, I enjoy spending time with my family. I have two grown children and am fortunate to have recently celebrated a 35th anniversary with my wife — we were married on New Year's Eve.

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