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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported):
October 15, 1998
HERITAGE FINANCIAL CORPORATION
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(Exact name of registrant as specified in its charter)
WASHINGTON 0-29480 91-1857900
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(State or other jurisdiction (Commission IRS Employer
of incorporation) File Number) Identification No.
205 Fifth Avenue S.W.
Olympia WA 98501
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(Address of principal executive officers: (Zip Code)
Registrant's telephone number, including area code: (360) 943-1500
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ITEM 8 -- CHANGE IN FISCAL YEAR
On October 15, 1998, the Board of Directors of Heritage Financial
Corporation, Olympia, Washington ("Heritage") approved by resolution the
changing of Heritage's fiscal year end from June 30 to December 31. Heritage
will file a Form 10-K for the year ending December 31, 1998 to report financial
information for the interim period.
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ITEM 7--FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statements--not applicable
(b) Pro forma financial information--not applicable
(c) Exhibit:
99 News Release issued by Heritage, dated October 28, 1998
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
Dated: October 28, 1998
HERITAGE FINANCIAL CORPORATION
By: /s/ Donald V. Rhodes
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Donald V. Rhodes
Chairman, President and
Chief Executive Officer
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EXHIBIT 99
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NEWS RELEASE
Heritage Financial Corporation
201 5th Avenue, SW
Olympia, WA 98501
360\943-1500
HERITAGE FINANCIAL CORPORATION ANNOUNCES CHANGE IN FISCAL YEAR END
Olympia, WA, October 28, 1998--Heritage Financial Corporation today announces
the changing of its fiscal year end from June 30 to December 31 effective for
the year ending December 31, 1998. Donald V. Rhodes, Chairman, President and
Chief Executive Officer of Heritage Financial, stated "Virtually all publicly-
traded banks have December 31 fiscal year ends. Though Heritage began its
history as a savings and loan, our product mix and acquisition strategy are more
bank-like. Because of our evolution into a more bank-like entity, we believe it
is important that our financial statements and operations have similar reporting
periods to both our own subsidiaries and those banks with which we compete on a
day to day basis."
Heritage Financial Corporation, with assets of approximately $417 million, is
the parent of Heritage Savings Bank, Olympia, WA, which operates 10 banking
offices in south Puget Sound area of Washington and North Pacific Bank, Tacoma,
WA. which operates 2 offices in Tacoma.
In August, Heritage Financial signed a definitive agreement to acquire Harbor
Bancorp, Inc. Harbor Bancorp, Inc., with assets of approximately $125 million,
is the parent of The Bank of Grays Harbor, Aberdeen, WA which operates 5
banking offices in Grays Harbor County.
In September, Heritage Financial announced the signing of a definitive agreement
to acquire Washington Independent Bancshares, Inc. Washington Independent
Bancshares, with assets of approximately $57 million, is the parent of Central
Valley Bank, N.A., which operates 5 offices in Yakima County, Washington.
Heritage Financial Corporation's common stock trades on the NASDAQ Stock Market
under the symbol "HFWA".
