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Proposed Merger with Heritage Financial Corporation
12 Months Ended
Dec. 31, 2013
Business Combinations [Abstract]  
Proposed Merger with Heritage Financial Corporation
Proposed Merger with Heritage Financial Corporation

On October 23, 2013, the Company and Heritage Financial Corporation (“Heritage”) jointly announced the signing of a definitive agreement under which the Company and Heritage will enter into a strategic merger to create one of the premier community banking franchises in Western Washington and the Pacific Northwest. Consummation of the transaction remains subject to customary closing conditions, including receipt of requisite shareholder approvals.

In connection with the proposed merger, the Company has incurred merger related expenses of approximately $652 thousand, principally legal and professional services, for the year ended December 31, 2013.