Heritage Financial Authorizes Stock Repurchase of up to 5% of Outstanding Shares

Heritage Financial Corporation HFWA, announced that its Board of Directors has authorized the repurchase of up to 5% of the Company's outstanding shares or approximately 782,000 shares. The purchases will take place over the next 12 months and may be made on the open market, or in privately negotiated transactions. 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.