Heritage is Employee Owned
In December 2014 Heritage Bank N.A. became an employee-owned company allowing us to invest in our own employees who help make this company successful.
The Employee Stock Ownership Plan allows company ownership to transfer to our employees under a qualified retirement plan. Currently, our ESOP owns about 33 percent of the company’s stock, which makes the employee-owners of Heritage Bank the single largest shareholder. Four generations of the Geiger family own much of the remainder of the company’s stock.
Nationwide, ESOPs have demonstrated economic benefits in their geographic areas and can help businesses like Heritage Bank prosper by investing capital and earnings back into the business. Employee-owners at Heritage Bank also benefit from heightened job security and financial returns on their company ownership.
Heritage Bank has seen a positive impact since the ESOP was introduced, and we will continue a strong pattern of growth for years to come. We are proud to place our employee-owners on a pathway to success and know that they believe in what Heritage Bank can achieve. When you interact with a Heritage employee-owner, you can trust that they have a vested interest in helping you achieve financial success.