Brian Vance Appointed President and Chief Operating Officer of Heritage Bank.OLYMPIA Olympia, city, ancient Greece Olympia, ancient city, important center of the worship of Zeus in ancient Greece, in Elis near the Alpheus (now Alfiós) R. It was the scene of the Olympic games. , Wash.--(BUSINESS WIRE)--Aug. 21, 1998--Donald V. Rhodes Rhodes (rōdz) or Ródhos (rô`thôs), island (1990 est. pop. 90,000), c.540 sq mi (1,400 sq km), SE Greece, in the Aegean Sea; largest of the Dodecanese, near Turkey. , Chairman, President and Chief Executive Officer of Heritage Financial Corporation and its subsidiary, Heritage Bank today announced that Brian The name Brian (sometimes spelled Bryan) comes from an Irish backround. It is of Celtic origin and its meaning may be "hill" or "strong, noble, and high"[1]. Vance, Executive Vice President of Credit Administration has been appointed President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Heritage Bank effective October 1, 1998. Vance has also been appointed to the Board of Directors of Heritage Bank. Rhodes will remain as Chairman and Chief Executive Officer of Heritage Bank. Vance joined Heritage Bank in June 1996 as Senior Vice President and was promoted to Executive Vice President in October 1996. Prior to joining Heritage Bank, Vance was Senior Vice President, Regional Manager for West One Bank in Tacoma. He has over 23 years of financial banking experience, primarily in the commercial lending area. Rhodes stated "I have great confidence in Brian's overall banking knowledge and leadership skills and am pleased we could fill this key position from within our current organization. His appointment will allow me to focus more of my time on the business of Heritage Financial Corporation." Heritage Bank, with assets of $306 million is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Heritage Financial Corporation and has 10 branches in the South Puget Sound Puget Sound (py  `jĕt), arm of the Pacific Ocean, NW Wash., connected with the Pacific by Juan de Fuca Strait, entered through the Admiralty Inlet and extending in two arms c. region of Washington. Heritage Financial Corporation,
with assets of approximately $404 million, is the parent of Heritage
Bank and North Pacific Bank located in Tacoma, Washington which operates
two offices in Tacoma. Heritage Financial Corporation's common
stock trades on the Nasdaq Market under the symbol "HFWA".
CONTACT: Heritage Financial Corporation
Donald V. Rhodes, 360/943-1500
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