News Bulletin

Extended: FDIC Non-Interest Bearing Deposit Coverage

The FDIC has extended the Transaction Account Guarantee Program. Under that program, through June 30, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.

This announcement is great news for businesses and other customers that carry high checking balances in payroll and expense accounts but still want the security of FDIC insurance.

For all interest bearing accounts, the current $250,000 per depositor coverage limits will apply.  These include interest checking, money market, savings, certificate of deposit and IRA accounts.   For more information on FDIC coverage click here or visit www.myfdicinsurance.gov

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Heritage Bank Named Silver Award Winner of Washington's Best Workplaces by Puget Sound Business Journal

The Puget Sound Business Journal honored Heritage Bank as the Silver Award Winner in the Large Business Category of Washington's Best Workplaces at Safeco Field on August 20th, 2009. Brian Vance, President & CEO of Heritage Bank commented, "We are honored to be the Silver Award winner and are fortunate to have a quality team of employees, who serve our customers and our communities with excellence."

The Washington's Best Workplaces Program was launched in 2007 to identify and recognize best practices in the hiring and retention of great people. Surveys by nominee-company employees across the state were submitted for finalists to be chosen.

Best of South Sound: Best Bank and Top Places to Work Award Winner: Large Company & Equity Award

Heritage Bank was voted The Best of South Sound in the banking service category. The Olympian newspaper featured winners in the 2008 Best of South Sound supplemental edition. The Best of South Sound is an annual award given to businesses, events and places in the South Sound by popular vote. Brian Vance, President and CEO commented, "We are very pleased to once again be honored with this award and wish to sincerely thank all of our customers for their votes in recognizing Heritage Bank as the Best Bank of the South Sound."

Heritage Bank was honored with two awards, the Top Place to Work Award for Large Companies and the Equity Award at the Business Examiner's Top Places to Work event held March 25, 2009. Brian Vance and CEO commented, "I am honored to accept the Business Examiner's Top Places to Work and Equity Awards on behalf of the employees at Heritage Bank. I truly appreciate all of the Heritage Bank employees for everything they do every day because it's what they do every day that makes the difference."

New Website for Homeowners Seeking Relief

The Department of the Treasury and the Department of Housing and Urban Development launched a new Website for consumers seeking information about the Making Home Affordable loan modification and refinancing program. The site -- www.MakingHomeAffordable.gov -- offers interactive self-assessment tools to help borrowers determine if they are eligible to participate and calculate the monthly mortgage payments reductions under the program.

A Message from President and CEO, Brian L. Vance

Heritage Bank has been in business for more than 80 years. We are proud of our strong liquidity, capital position, credit quality and earnings... read complete message