Financial Services Acquisitions in Washington

Heritage Financial Corporation completed its acquisition of Olympic Bancorp, Inc., effective January 31, 2026, merging Olympic into Heritage and Kitsap Bank into Heritage Bank. Under the merger, Heritage issued an aggregate 7,167,600 shares of common stock and Olympic shareholders will receive 45.0 shares of Heritage common stock per Olympic share (with cash for fractional shares); acquired Kitsap Bank branches will continue operating under the Kitsap Bank name.

Ferguson Wellman Capital Management, an employee-owned investment advisory firm based in Portland, Oregon, has acquired Vancouver, Washington–based Great Northern Asset Management effective January 1, 2026. The acquisition expands Ferguson Wellman's regional presence in Southwest Washington and adds Great Northern's $229 million in client assets while preserving the Vancouver office and key advisors.

HSA Bank, a division of Webster Bank (holding company Webster Financial Corporation), has acquired Secure Inc. (d/b/a SecureSave), a provider of employer-sponsored emergency savings accounts. The acquisition expands HSA Bank's Healthcare Financial Services capabilities and makes it one of the largest providers of employer emergency savings accounts; terms were not disclosed and the deal closed on December 4, 2025.

Mechanics Bancorp (the holding company of Mechanics Bank) has completed a strategic merger with HomeStreet Bank, creating a combined West Coast community bank with 166 branches and over $22 billion in assets. HomeStreet Bank merged into Mechanics Bank, and the combined banking organization will operate under Mechanics Bancorp as the holding company, expanding the franchise across California, Oregon, Washington and Hawaii.

Daybright Financial has acquired Tacoma-based Spectrum Pension Consultants, Inc. and its affiliated companies (GROUPIRA, Incentive Benefits, Integrity Pension Services, ProTPA, and Qualified Pension Consultants). The deal expands Daybright’s Private Sector Retirement Solutions footprint in the Pacific Northwest and brings Spectrum’s retirement administration capabilities and proprietary technology into Daybright’s platform, with Spectrum leadership continuing as managing partners.

Sound Credit Union (Tacoma) completed the acquisition of Washington Business Bank (Olympia), assuming all assets and substantially all liabilities and converting the bank’s systems. The deal increases Sound’s total assets to over $3 billion and expands its branch footprint to 26 full-service locations, adding deposits, loans and local banking capability in downtown Olympia.

Concord Servicing has acquired Orion First, a specialist in commercial loan and lease portfolio management and analytics, marking Concord's first acquisition since GTCR's investment in December 2024. The deal expands Concord's capabilities into commercial finance and equipment lease servicing, creating a combined platform with over $35 billion in managed assets and retaining Orion's leadership team.

Merit Financial Advisors, a Georgia-based wealth management firm, has acquired Bothell, Washington-based Olympic Wealth Management, adding $204 million of assets and a fifth Washington office. The merger, finalized June 13, 2025, brings Olympic’s advisors into Merit’s team to expand the firm’s Pacific Northwest presence and specialized service to Seattle–Tacoma aerospace clients.

Pure Financial Advisors, LLC (PE-backed RIA) has acquired Personal Investment Management, Inc. (PIM), a Seattle-area financial advisory firm with roughly $567 million in regulatory AUM. The deal, which closed March 14, 2025, expands Pure's presence in the Pacific Northwest and integrates PIM's advisory team and clients into Pure's Seattle / Mercer Island operations.

Coldstream Wealth Management announced that Seattle-based Harrison Berkman Claypool & Guard (HBCG) and HBC Financial Services (HBC) are joining Coldstream, bringing approximately $500 million in assets under advisement and increasing Coldstream's total AUA to $11.1 billion. The combination strengthens Coldstream’s Tax & Consulting capabilities and continues its Pacific Northwest expansion while the joining firms remain independently operated and employee-owned.

Beacon Pointe Advisors has partnered with Redmond-based Joslin Capital Advisors in a strategic acquisition that closed on May 31, 2024. The acquisition brings approximately $775 million in client assets under advisement to Beacon Pointe and expands its presence in the Pacific Northwest while integrating Joslin's team into Beacon Pointe's national RIA platform.

Gesa Credit Union has entered into a definitive agreement to acquire and assume substantially all assets and liabilities of Security State Bank (a subsidiary of Security State Corporation). The deal, which is subject to regulatory and shareholder approvals and expected to close in 2025, will transfer Security State Bank's 12 branches in Lewis, Thurston, Pacific and Grays Harbor counties to Gesa as part of its Pacific Northwest expansion.

Merit Financial Advisors has acquired Viren and Associates, a Spokane-based financial planning firm, adding more than $542 million in total assets and expanding Merit's presence in the Pacific Northwest. The deal, finalized March 8, 2024, brings Viren's founders and their small advisory team into Merit and strengthens Merit's retirement-plan and insurance service capabilities.

Mercer Global Advisors (Mercer Advisors) has acquired MDK Private Wealth Management, a Seattle-based multi-family office serving ultra-high-net-worth clients with over $2.5 billion in assets under supervision. The deal expands Mercer Advisors' family office capabilities and strengthens its Pacific Northwest / Seattle presence.

Simplicity Group Holdings, Inc. acquired Truluma, Inc., a disability income insurance brokerage founded in 2000 that serves brokers nationwide. Founders Jeff Peterson and Jeff Kerns join Simplicity as partners; the deal expands Simplicity's income-protection distribution capabilities and provides Truluma with back-office, sales and marketing resources.

Seattle-based Pacific Portfolio Consulting, LLC has acquired Conway Jarvis, LLC, a Seattle wealth management firm with approximately $350 million in assets under management. Conway Jarvis will operate as Pacific Portfolio, its employees will remain in place and some founders will become shareholders and advisors to the combined firm as Pacific Portfolio expands its wealth management and asset management capabilities.

Oakland-based Common Future has acquired Seattle-based Community Credit Lab, which will continue to operate as an affiliated entity under Common Future. The deal brings CCL's community-first lending design, loan management and capital facilitation capabilities into Common Future to expand capacity for community-driven capital deployment and broaden efforts to shift power and capital to historically excluded communities.

Glastonbury-based Apella Capital, together with partner Wealth Partners Capital Group, announced that Olympia, Washington-based NR Smith and Associates has joined Apella. NR Smith brings roughly $82 million in AUM and tax/CPA capabilities, expanding Apella’s footprint in the Pacific Northwest.

Prime Pensions LLC, a portfolio company of Mill Point Capital, has acquired Northwest Retirement Plan Consultants, LLC (NWRPC), a Washington-based provider of retirement plan design, administration and consulting services. The acquisition expands Prime Pensions' geographic footprint in the Northwestern United States and strengthens its retirement plan administration capabilities; NWRPC's managing principals will remain with the combined business.

West Realm Shires Inc. (FTX US) announced it will acquire Embed Financial Technologies Inc., including its wholly owned subsidiary Embed Clearing LLC, to integrate clearing, custody and white‑label brokerage capabilities into FTX Stocks. The deal—subject to customary closing conditions and regulatory approvals—will allow FTX US to route, execute, clear and custody equities and options trades and offer brokerage services to other businesses; the purchase price was not disclosed.

Goldfinch Partners and The Baupost Group have completed an initial closing to acquire Western Union Business Solutions for $910 million, creating a standalone B2B global payments company to be renamed Convera. The business recorded strong growth in 2021 (roughly $170 billion in payments volume) and will be led by incoming CEO Patrick Gauthier as the new owners invest in product, technology and talent to accelerate growth.

High Street Insurance Partners (HSIP) acquired Insurance Services Group (ISG) in December, adding a regional Washington-based insurance brokerage that serves clients across multiple Western states. The acquisition expands HSIP's presence in the West and bolsters its capacity to provide business, employee benefits and personal insurance solutions.

EP Wealth Advisors, an RIA based in Torrance, California, acquired a Kirkland, Washington-based advisory team led by Todd Flynn and John Buller (four advisors and three staff), expanding EP Wealth’s presence in the Puget Sound to five Washington locations. The deal closed Dec. 28, 2021, and added more than $482 million in assets under management; financial terms were not disclosed.

BRP Group, Inc., through its indirect subsidiary BRP Medicare Insurance III, LLC operating as Guided Medicare Solutions, entered into an agreement to acquire substantially all assets of Seniors' Insurance Services of Washington, Inc., a Freeland, Washington-based independent Medicare insurance agency. The acquisition (a strategic Partnership) expands BRP/Guided's Medicare presence in the Pacific Northwest; Seniors' Insurance Services will be rebranded under the Guided banner following the close.

EP Wealth Advisors, a Torrance, California-based registered investment adviser, has acquired NewFocus Financial Group, a wealth management firm headquartered in Vancouver, Washington. The acquisition expands EP Wealth's footprint into Greater Vancouver, Washington, adds financial planning capabilities and investor-education assets, and closed on January 15, 2021.

Mercer Global Advisors, a Denver-based national registered investment adviser, acquired Spokane-based wealth management firm Hart Capital Management, Inc., effective December 31, 2020. Hart's founder Craig W. Hart and a team of nine professionals (serving ~400 clients with ~$440M AUM) joined Mercer to gain scale, infrastructure and expanded service capabilities.

Raymond James Financial, Inc. has acquired NWPS Holdings, Inc., doing business as NWPS or Northwest Plan Services, a Seattle-based provider of retirement plan recordkeeping, administration, consulting and actuarial services. The transaction, which retains NWPS's management team and employees, expands Raymond James' retirement services capabilities for its advisors and clients and follows WestView Capital Partners' exit of its investment.