Financial Services Acquisitions in Washington
Washington Financial Services Deal Themes
Washington-based financial services acquisitions highlight a mix of bank consolidation and client-capability buildouts across wealth management, asset management, and specialty finance. Several deals are structured as completed mergers or closings that expand branch or advisory footprints within Washington, United States.
A recurring theme is scaling distribution and expertise: wealth and RIA buyers such as Merit Financial Advisors, Clearstead Advisors, Daybright Financial, and Coldstream Wealth Management are adding advisor teams, new offices, and focused capabilities (including multi-family office services and retirement administration). In parallel, lenders and financial service platforms are expanding through targeted additions—such as commercial loan/lease servicing with Concord Servicing and employer emergency savings with HSA Bank.
Bank and credit-union activity also appears in the mix, including strategic mergers that create larger regional franchises (for example, Mechanics Bancorp (Mechanics Bank) and Sound Credit Union). Across the listed transactions, deal framing centers on adding clients, integrating teams, and extending platform reach in the Pacific Northwest.
What Stands Out
- RIA and wealth management consolidation: Buyers like Merit Financial Advisors, Pure Financial Advisors, Coldstream Wealth Management, and Beacon Pointe Advisors are acquiring Washington advisors and teams to expand AUM/AUA and office presence.
- Specialty financial services growth: Daybright Financial expands retirement solutions (including integrating proprietary retirement administration technology), while Concord Servicing adds commercial loan/lease portfolio management and analytics.
- Healthcare financial services expansion: HSA Bank acquired SecureSave to expand employer-sponsored emergency savings accounts and healthcare financial services capabilities.
- Banking platform mergers: Mechanics Bancorp (Mechanics Bank) completed a merger with HomeStreet Bank, and Sound Credit Union acquired Washington Business Bank, both expanding regional footprints in and around Washington.
- Multi-year coverage, with recent closings: Many headline transactions close or become effective in 2025 and early 2026, reflecting ongoing integration and franchise expansion in Washington.
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March 12, 2026
- Buyer
- Creative Planning
- Target
- Duncan & Haley, Ltd.
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Buyout
Creative Planning, a registered investment advisor (RIA), announced it has acquired Duncan & Haley, Ltd., an RIA headquartered in Seattle, Washington. The deal adds approximately $660 million in assets under management (AUM) to Creative Planning and expands its wealth management capabilities spanning tax, estate, retirement planning, and trust services.
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January 31, 2026
- Buyer
- Clearstead Advisors, LLC
- Target
- The Clarius Group, LLC
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Buyout
Clearstead Advisors acquired The Clarius Group, a Seattle-based multi-family office RIA serving ultra-high-net-worth individuals and families. The deal closed on January 31, 2026 and adds 36 Clarius professionals, expanding Clearstead’s ultra-high-net-worth and family office capabilities.
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January 31, 2026
- Buyer
- Heritage Financial Corporation, Heritage Bank
- Target
- Olympic Bancorp, Inc., Kitsap Bank
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Buyout
Heritage Financial Corporation completed its previously announced merger of Olympic Bancorp, Inc. with and into Heritage, effective January 31, 2026. As part of the transaction, Kitsap Bank merged with and into Heritage Bank and the acquired branches continued operating under the Kitsap Bank name.
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- Buyer
- Ferguson Wellman Capital Management
- Target
- Great Northern Asset Management
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Buyout
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.
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December 4, 2025
- Buyer
- HSA Bank (division of Webster Bank, N.A.), Webster Financial Corporation
- Target
- Secure Inc. (d/b/a SecureSave)
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Buyout
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.
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- Buyer
- Mechanics Bank, Mechanics Bancorp (renamed from HomeStreet, Inc.)
- Target
- HomeStreet, Inc., HomeStreet Bank
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Buyout
Mechanics Bank and HomeStreet, Inc. (holding company of HomeStreet Bank) entered into a definitive all-stock merger agreement under which HomeStreet Bank would merge into Mechanics Bank, with Mechanics Bank surviving as a California corporation and a wholly owned subsidiary of the renamed public holding company, Mechanics Bancorp. After receiving regulatory approvals, the deal was completed in 2025, creating a West Coast community bank with ~166 branches and over $22 billion in assets.
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- Buyer
- Daybright Financial
- Target
- Spectrum Pension Consultants, Inc., GROUPIRA, Inc., Incentive Benefits, Inc., Integrity Pension Services, LLC, ProTPA, LLC, Qualified Pension Consultants, Inc.
- Seller
- Koumantaros family (owners of Spectrum Pension Consultants, Inc.)
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Buyout
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.
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June 28, 2025
- Buyer
- Sound Credit Union
- Target
- Washington Business Bank
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Buyout
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.
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June 18, 2025
- Buyer
- Concord Servicing
- Target
- Orion First
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Buyout
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.
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- Buyer
- Merit Financial Advisors
- Target
- Olympic Wealth Management, LLC
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Addon
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.
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- Buyer
- Pure Financial Advisors, LLC, Lee Equity Partners, Emigrant Partners LLC
- Target
- Personal Investment Management, Inc.
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Addon
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.
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January 9, 2025
- Buyer
- Coldstream Wealth Management
- Target
- Harrison Berkman Claypool & Guard, HBC Financial Services
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Buyout
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.
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- Buyer
- Beacon Pointe Advisors
- Target
- Joslin Capital Advisors
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Buyout
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.
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May 23, 2024
- Buyer
- Gesa Credit Union
- Target
- Security State Bank
- Seller
- Security State Corporation
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Buyout
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.
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March 21, 2024
- Buyer
- Focus Financial Partners Inc., Bordeaux Wealth Advisors LLC
- Target
- Executive Wealth Group, LLC
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Addon
Focus Financial Partners announced it has entered into a definitive agreement for Executive Wealth Group, LLC to join partner firm Bordeaux Wealth Advisors. The deal is expected to close in the second quarter of 2024, subject to customary closing conditions. The combined platform will expand Bordeaux’s presence in the Seattle market and enhance its ability to serve aerospace industry executives and their families.
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March 13, 2024
- Buyer
- Merit Financial Advisors
- Target
- Viren and Associates, Inc.
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Addon
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.
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March 5, 2024
- Buyer
- Mercer Global Advisors (Mercer Advisors)
- Target
- MDK Private Wealth Management, LLC
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Buyout
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.
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- Buyer
- Simplicity Group Holdings, Inc.
- Target
- Truluma, Inc.
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Addon
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.
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January 3, 2023
- Buyer
- Pacific Portfolio Consulting, LLC (Pacific Portfolio)
- Target
- Conway Jarvis, LLC
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Buyout
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.
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September 20, 2022
- Buyer
- Common Future
- Target
- Community Credit Lab
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Buyout
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.
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July 13, 2022
- Buyer
- Apella Capital, LLC, Wealth Partners Capital Group
- Target
- NR Smith and Associates
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Addon
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.
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- Buyer
- Prime Pensions LLC, Mill Point Capital LLC
- Target
- Northwest Retirement Plan Consultants, LLC
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Addon
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.
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- Buyer
- West Realm Shires Inc. (FTX US)
- Target
- Embed Financial Technologies Inc. (including Embed Clearing LLC)
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Buyout
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.
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March 1, 2022
- Buyer
- Goldfinch Partners, The Baupost Group
- Target
- Western Union Business Solutions (to be renamed Convera)
- Seller
- The Western Union Company
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Buyout
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.
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January 21, 2022
- Buyer
- High Street Insurance Partners
- Target
- Insurance Services Group
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Addon
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.
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December 28, 2021
- Buyer
- EP Wealth Advisors, LLC
- Target
- Kirkland advisory team (Todd Flynn and John Buller)
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Addon
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.
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April 26, 2021
- Buyer
- BRP Group, Inc., BRP Medicare Insurance III, LLC (Guided Medicare Solutions)
- Target
- Seniors' Insurance Services of Washington, Inc.
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Buyout
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.
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January 19, 2021
- Buyer
- EP Wealth Advisors, LLC
- Target
- NewFocus Financial Group, LLC
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Buyout
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.
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December 31, 2020
- Buyer
- Mercer Global Advisors (Mercer Advisors)
- Target
- Hart Capital Management, Inc.
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Addon
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.
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December 10, 2020
- Buyer
- Raymond James Financial, Inc.
- Target
- NWPS Holdings, Inc. (d/b/a NWPS / Northwest Plan Services)
- Seller
- WestView Capital Partners
- Industry
- Financial Services
- Location
- Washington, United States
- Type
- Buyout
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.
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Frequently Asked Questions
Which parts of financial services are most represented in Washington acquisitions?
The page features acquisitions across wealth management/RIAs, retirement solutions, commercial loan/lease servicing, healthcare-adjacent financial services (employer emergency savings), and bank/credit-union consolidation.
Do Washington deals tend to focus on advisor teams and client assets?
Yes. Multiple transactions describe adding advisory teams and expanding client assets under advisement, alongside integrating leadership and continuing existing advisory offices or teams after the close.
Are there examples of bank mergers involving Washington institutions?
Yes. The listed transactions include Mechanics Bancorp (Mechanics Bank) completing a strategic merger with HomeStreet Bank, and Sound Credit Union completing the acquisition of Washington Business Bank.
What’s a common specialty-services thread beyond traditional wealth management?
Several deals emphasize specialized platforms: retirement administration and technology (Daybright Financial / Spectrum’s affiliates), commercial loan and equipment lease servicing and analytics (Concord Servicing / Orion First), and employer emergency savings accounts (HSA Bank / SecureSave).