Heritage Bank

Halloween never disappoints at Heritage Bank! Which costume is your favorite? 👻🎃

Help us welcome our new chief operating officer Nicholas Bley! He joins our team with an extensive background in banking, including business development, sales operations, business systems analysis and financial/management reporting. Over the last 30 years, he’s worked in both support and leadership roles at two of the largest financial institutions in the U.S. We look forward to Nic bringing a fresh perspective and proven expertise to our executive team.

Women-owned businesses are a powerful economic force in the United States, numbering about 13.3 million, but they only account for about 40% of small businesses. We talked with five Heritage customers to learn more about their experience as women in business and how they navigate challenges and harness their strengths.

Banking Business October 2024 Banking Business magazine from Heritage Bank brings you banking news and stories to help you maximize the financial success of your business.

We recently closed our first deal under the Washington State Small Business Credit Initiative (SSBCI) program, and we’re excited to share an update that underscores the program’s success! This first project is a significant milestone, demonstrating the tangible benefits of the program, including its highly competitive forgivable loan of up to 9%.

The SSBCI program was created to support small businesses and empower them to access the capital needed to invest in job-creating opportunities. For more information, visit https://bit.ly/wa-small-biz-loans or www.heritagebanknw.com/ssbci

𝘐𝘵’𝘴 𝘢𝘥𝘮𝘪𝘯𝘪𝘴𝘵𝘦𝘳𝘦𝘥 𝘣𝘺 𝘵𝘩𝘦 Washington State Department of Commerce 𝘪𝘯 𝘱𝘢𝘳𝘵𝘯𝘦𝘳𝘴𝘩𝘪𝘱 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 The U.S. Department of the Treasury 𝘢𝘯𝘥 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘪𝘯𝘴𝘵𝘪𝘵𝘶𝘵𝘪𝘰𝘯𝘴 𝘴𝘵𝘢𝘵𝘦𝘸𝘪𝘥𝘦. 𝘛𝘩𝘪𝘴 𝘱𝘳𝘰𝘨𝘳𝘢𝘮 𝘪𝘴 𝘦𝘹𝘤𝘭𝘶𝘴𝘪𝘷𝘦 𝘵𝘰 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴𝘦𝘴 𝘢𝘯𝘥 𝘯𝘰𝘯𝘱𝘳𝘰𝘧𝘪𝘵 𝘰𝘳𝘨𝘢𝘯𝘪𝘻𝘢𝘵𝘪𝘰𝘯𝘴 𝘭𝘰𝘤𝘢𝘵𝘦𝘥 𝘪𝘯 𝘞𝘢𝘴𝘩𝘪𝘯𝘨𝘵𝘰𝘯 𝘴𝘵𝘢𝘵𝘦.

The latest edition of Banking Business is officially here! This issue is packed with in-depth interviews, expert tips, inspiring stories and much more.

Highlights: We talked with five Heritage customers to learn more about their experiences as women in business. For our nonprofit partners, we discuss grant funding/fundraising, including the different types of grants and how to successfully apply. We explore how the advancement of artificial intelligence has transformed the methods used by scammers to exploit their victims. Finally, we introduce our new lending program, the Washington State Small Business Credit Initiative, that was created to support small businesses and empower them to access the capital needed to invest in job-creating opportunities.

Grab a copy today at your local branch or read it online here:

Banking Business October 2024 Banking Business magazine from Heritage Bank brings you banking news and stories to help you maximize the financial success of your business.

It was an incredible day! On September 18, our teams came together for our annual Volunteer Day, and the results were nothing short of inspiring. From local parks to community kitchens, schools and shelters, we dedicated our time and energy to making a difference in our communities. It’s days like this that remind us how powerful we can be when we come together. Huge shoutout to all our amazing employees for your passion and dedication—and the wonderful organizations who hosted us. Let’s continue this spirit of giving back every day!

Tomorrow's the day! We're ready to roll up our sleeves, give back and show the power of teamwork. Our employees' efforts aren’t just about volunteering—it’s about building stronger connections with each other and our communities.

Reminder: All locations will close at noon tomorrow, September 18, and will not reopen. We will open at our regular time the following day. We have taken all necessary measures to ensure minimal disruption to your banking experience during this time. We will have limited customer service staff available to address any immediate banking needs, online and mobile banking services will continue to be available, and our ATMs will remain fully operational.

Our employees are ready for Apple Cup this weekend! Which team are you rooting for? 🍎🏆🏈

We're thrilled to announce our third upcoming Volunteer Day on September 18! This is our chance to come together as a team and make a real difference in our communities. Whether it's helping at local shelters, cleaning up parks or supporting food banks, there’s something for everyone to get involved in.

Reminder: All locations will close at noon on September 18 and will not reopen. We will open at our regular time the following day. We have taken all necessary measures to ensure minimal disruption to your banking experience during this time. We will have limited customer service staff available to address any immediate banking needs, online and mobile banking services will continue to be available, and our ATMs will remain fully operational.

We'd like to congratulate Tamara Brown, one of our relationship banking officers in Portland, for being honored by the United Negro College Fund (UNCF) as an Outstanding Corporate Leader of the Year. She will be recognized this Sunday at the 2024 UNCF Each One Teach One Luncheon. Way to go Tamara!

Our Everett, Mukilteo, Mill Creek, Shoreline and Lynnwood branches are accepting art supplies through the end of July for the Boys & Girls Clubs of Snohomish County! They're looking for things like markers, chalk, bubbles, coloring books and more.

We’d like to extend our deepest gratitude to Jeff Deuel who served as CEO of Heritage since 2018. With a commercial banking career spanning an impressive 42 years, we celebrate Jeff as he embarks on a well-deserved retirement.

Your remarkable contributions have shaped Heritage Bank into what it is today, and we are profoundly grateful for your guidance and passion. We wish you all the best in the future!

We are excited to announce that Bryan McDonald has been named CEO of Heritage Bank! Bryan joined Heritage in 2014 and has been in the banking industry for over 30 years. He succeeds Jeff Deuel, who states, “Bryan's knowledge of the communities we serve, his professional reputation in the industry, and his leadership experience within the Heritage Bank family will ensure a seamless transition."

We look forward to an exciting future of innovation, growth and leadership with Bryan. Join us in congratulating him and celebrating this new chapter!

Read the full press release: https://bit.ly/3XZKVTW

🎉 Big News! 🎉

The Washington Bankers Association proudly welcomes our founding five to the Bankers Care Initiative: Bank of The Pacific, Heritage Bank, HomeStreet Bank, Kitsap Bank, and Sound Community Bank!

These banks are not just about business; they're about caring deeply for our communities. Through innovative services and community engagement, they're redefining what it means to be a true partner in progress.

A huge thank you to our pioneers for their commitment to making a difference.

Cash flow management is vital to a nonprofit’s core function of being able to effectively deliver social services to their communities. If they run out of cash—no matter how important or successful they are in helping their clients—they’ll cease to exist. Here are some strategies to help you effectively track your nonprofit's finances.

Tips for Improving Your Nonprofit’s Cash Flow - Issuu Nonprofit organizations are created and operated for a collective, public and/or social benefit and have typically been granted tax-exempt status by the IRS. They use their cash surpluses (anything that exceeds expenses) to fulfill their mission, in contrary to an entity that operates to generate a....

We're excited to announce the launch of our new Business Resource Center, your go-to hub for valuable tools, insights and resources to fuel your business' success! Whether you're seeking guidance on strategic planning, marketing strategies, financial management or industry trends, the site has what you need to thrive in today's competitive landscape. Click the link below to check it out!

Business Resource Center Your comprehensive one-stop-shop for tools, templates, guides and expert advice tailored to optimize financial management and growth strategies for your business.

Customer United Metals Recycling is more than a scrap-metal recycler; it's part of an extended family of nine companies largely focused on directing materials away from landfills and back into productive uses. Read more about their daily operations as well as their recent expansion into tire recycling: https://bit.ly/4bEdPNB

Key business drivers are resources and activities that drive the operational and financial performance of your business. Identifying and monitoring them will help you track what’s happening and trigger red flags for when remedial action is needed.

Banking Business Q4 2023 Banking Business from Heritage Bank brings you news and stories to help you maximize the financial success of your business.

Heath’s career—and life—could have looked a lot different. From dreams of playing in the MLB to becoming an Emerald City Smoothie franchise owner to now leading the Heritage commercial banking team in Tacoma…his diverse journey showcases the power of following your passions and embracing unexpected opportunities. Read his full story: https://bit.ly/41oRDCq

There’s no better way to spread cheer during the holiday season than by supporting our favorite charities and nonprofit organizations. Unfortunately, scammers love to take advantage of our generosity during this time. Before donating, remember these tips:

> Search online for the cause you care about
> Check out the charity’s website
> Find out if the fundraiser and the charity are registered
> Check if the donation will be tax deductible
> Don’t donate with a wire transfer or gift card

We have tons of resources available on our website on fraud prevention and how to keep your information safe: https://bit.ly/4amz9qu

Let's show everyone why we're the best in the South Sound! Vote Heritage as Best Bank by January 12! https://bit.ly/48hUqQ0

From now until December 15, our Mill Creek branch is accepting toys and youth winter clothing (all ages) that will be delivered to the Christmas House (supported by the Boys & Girls Clubs of Snohomish County). Then in December, when the store opens, volunteers will help qualifying families shop for free gifts so each of their kids has a magical holiday season. 🎁✨

Learn more about the Christmas House, items needed and where to find a collection site on their website: https://christmas-house.org.

Happy Halloween from our creative bunch! 👻🎃🍬

Our commercial banking team in Vancouver is dedicated to helping clients of all sizes—from the small coffee shop down the street to the multimillion-dollar affordable housing project. Get to know the team, what they specialize in and how they support the community when they're not in the office. Read the full story: https://bit.ly/45JOQnS

Today marks the 10th year celebrating Oregon Community Bank Week. As a community bank, we are deeply rooted in our neighborhoods and understand the unique needs of our local businesses and families. Our bankers live and work here too—just like you. They know your names, faces and stories, making banking a personal and friendly experience. We invite you stop by any of our locations (whether in Oregon, Washington or Idaho) to get to know who we are and how we're dedicated to your financial success.