Heritage Financial Corporation has named Bryan D. McDonald to succeed Jeffrey J. Deuel as President of Heritage Financial Corporation, effective July 1, 2024. Mr. McDonald has held the titles of President and Chief Operating Officer of Heritage Bank since 2018. Mr. Deuel, who has served as CEO of Heritage Bank since 2018 and as President and CEO of Heritage Financial Corporation since 2019, will remain CEO of Heritage Financial Corporation until May 6, 2025, at which time he will take on an advisory role assisting the CEO and the Company's board of directors.

With a commercial banking career spanning 42 years, Mr. Deuel will work closely with Mr. McDonald during the transition, which is a process designed to ensure a smooth executive transition. Mr. McDonald also currently serves as a director on the Washington Bankers Association Board and as a member of the American Bankers Association Government Relations Council. He has held a variety of banking leadership positions during a career spanning more than 30 years and encompassing the areas of lending, credit administration, portfolio management, retail, bank operations, and corporate strategies.