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Heritage Bank names new CEO

Jeff Deuel

Jeff Deuel was named CEO of Heritage Bank, Olympia, Wash. He succeeds Brian Vance, who remains CEO of the holding company, Heritage Financial Corporation.

Deuel has held the titles of president and chief operating officer of Heritage Bank since 2012. He also assumed the role of president of Heritage Financial Corporation.

A 46-year banking industry veteran, Vance has served as CEO of Heritage Bank since 2003 and CEO of Heritage Financial Corporation since 2006. He will remain CEO of Heritage Financial Corporation until July 2019, at which time he will be become executive chair of the company’s board of directors.

Heritage Bank  promoted Bryan McDonald to chief operating officer to replace Deuel. Previously, he served as as executive vice president and chief lending officer. He joined Heritage Bank through the company’s merger with Whidbey Island Bank, where he was president, and now has a combined company tenure of 12 years. McDonald has more than two decades of management experience in sales, credit, operations, commercial banking and residential real estate.

Along with his new role as chief executive, Deuel just completed a term as chairman of the Washington Bankers Association. He has held a variety of leadership positions during a career spanning more than 35 years and encompassing the areas of lending, credit administration, portfolio management, retail and corporate strategies.

The operates 65 branch offices between Bellingham, Washington, and Portland, Oregon.