| Business Summary | | Heritage
Financial
Corporation,
Inc.
is
a
bank
holding
company
that
is
primarily
engaged
in
the
business
of
planning,
directing
and
coordinating
the
business
activities
of
its
wholly
owned
subsidiaries,
Heritage
Savings
Bank
and
Central
Valley
Bank,
N.A.
Heritage
Bank
is
a
Washington-chartered
savings
bank
that
conducts
business
from
its
main
office
in
Olympia,
Washington,
and
its
11
branch
offices
located
in
Thurston,
Pierce
and
Mason
Counties.
Central
Valley
Bank
is
a
National
Bank
whose
deposits
are
insured
by
the
FDIC
under
the
Bank
Insurance
Fund.
Central
Valley
Bank
conducts
business
from
its
main
office
in
Toppenish,
Washington,
and
its
five
branch
offices
located
in
Yakima
and
Kittitas
Counties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Heritage
Financial
Corp.
is
a
bank
holding
company
for
Heritage
Savings
Bank,
a
state-chartered
bank,
and
Central
Valley
Bank,
N.A.,
a
national
bank.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
9%
to
$23.2
million.
Net
interest
income
after
loan
loss
provision
rose
1%
to
$12.2
million.
Net
income
fell
9%
to
$2.7
million.
Results
reflect
higher
average
loan
balances,
offset
by
increased
personnel
costs
and
costs
related
to
Vision
2001. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Donald Rhodes, 64 Chairman,
Pres and Chief Exec. Officer | $269K | D. Michael Broadhead, 55 Pres
- Central Valley Bank, N.A. | 129K | Brian Vance, 45 Sr.
VP of the Company and Pres and COO of the Bank | 170K | Edward Cameron, 59 VP,
Treasurer | -- | Wendy Gauksheim, 39 VP
and Sec. | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|