-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 qglriZ/cCRLr5ZKgqX3PiQ==

<SEC-DOCUMENT>0001181431-08-017965.txt : 20080311
<SEC-HEADER>0001181431-08-017965.hdr.sgml : 20080311
<ACCEPTANCE-DATETIME>20080311184052
ACCESSION NUMBER:		0001181431-08-017965
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080311
FILED AS OF DATE:		20080311
DATE AS OF CHANGE:		20080311

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HERITAGE FINANCIAL CORP /WA/
		CENTRAL INDEX KEY:			0001046025
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036]
		IRS NUMBER:				911857900
		STATE OF INCORPORATION:			WA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		201 FIFTH AVENUE S.W.
		STREET 2:		P O BOX 1578
		CITY:			OLYMPIA
		STATE:			WA
		ZIP:			98501
		BUSINESS PHONE:		3609431500

	MAIL ADDRESS:	
		STREET 1:		205 5TH AVE SW
		STREET 2:		P O BOX 1578
		CITY:			OLYMPIA
		STATE:			WA
		ZIP:			98501

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BROADHEAD MICHAEL
		CENTRAL INDEX KEY:			0001219922

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-29480
		FILM NUMBER:		08681908

	MAIL ADDRESS:	
		STREET 1:		5703 BITTRERROOT LANE
		CITY:			YAKIMA
		STATE:			WA
		ZIP:			98908
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd199284.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-03-11</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001046025</issuerCik>
        <issuerName>HERITAGE FINANCIAL CORP /WA/</issuerName>
        <issuerTradingSymbol>HFWA</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001219922</rptOwnerCik>
            <rptOwnerName>BROADHEAD MICHAEL</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>PO BOX 70</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>TOPPENISH</rptOwnerCity>
            <rptOwnerState>WA</rptOwnerState>
            <rptOwnerZipCode>98948</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>President/Central Valley Bank</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-03-11</value>
            </transactionDate>
            <deemedExecutionDate>
                <value>2008-03-11</value>
            </deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2415</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>9.67</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>44738</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Incentive Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>9.67</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-03-11</value>
            </transactionDate>
            <deemedExecutionDate>
                <value>2008-03-11</value>
            </deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2415</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>9.67</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2003-03-27</value>
            </exerciseDate>
            <expirationDate>
                <value>2008-03-27</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2415</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2415</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <ownerSignature>
        <signatureName>D. Michael Broadhead</signatureName>
        <signatureDate>2008-03-11</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Edward D. Cameron for D. Michael Broadhead</signatureName>
        <signatureDate>2008-03-11</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----