Heritage Financial in Olympia, Wash., will soon have a new president.
The $7.1 billion-asset company said in a press release that Bryan McDonald will also become CEO of its bank on July 1. He will succeed Jeffrey Deuel, who will remain the company’s CEO until May 2025 when he will take on an advisory role.
McDonald has been the bank’s president and chief operating officer since 2018.
“Jeff and his team led the bank through a difficult economic period while maintaining a strong foundation,” Brian Vance, Heritage’s chairman, said in the release.
“After 10 years at Heritage, Bryan and the leadership team are well positioned to continue serving our clients across the Pacific Northwest and to continue driving growth and shareholder value,” Vance added.