Heritage Financial Announces $24 Million Repayment of All TARP Funds

HERITAGE FINANCIAL CORPORATION HFWA today announced that it has redeemed the 24,000 shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series A that it issued to the United States Department of Treasury under the Troubled Asset Relief Program Capital Purchase Program in November 2008. The Company paid to the Treasury on December 22, 2010 a total of $24.1 million, consisting of $24.0 million of principal and $123,333 of accrued and unpaid dividends.