Puget Sound region

Verity Credit Union's Successful Partnership with Zest AI Expands Credit Access to Underserved Communities

Retrieved on: 
Thursday, March 21, 2024
African Americans, Community development financial institution, Organization, Community development, FICO, Partnership, Verity, Verity Credit Union, Puget Sound region, CDFI, HERE

SEATTLE, March 21, 2024 /PRNewswire-PRWeb/ -- Verity Credit Union, an $859 million asset financial institution in Seattle that champions socially responsible banking, announced today the measurable results of its partnership with Zest AI, the leader in AI lending technology. The two organizations came together in 2023 to establish a more inclusive process for reviewing applications for credit cards, personal loans, lines of credit, and auto loans.

Key Points: 
  • SEATTLE, March 21, 2024 /PRNewswire-PRWeb/ -- Verity Credit Union , an $859 million asset financial institution in Seattle that champions socially responsible banking, announced today the measurable results of its partnership with Zest AI , the leader in AI lending technology.
  • "Partnering with Zest AI supports our mission to co-create solutions and advocate for opportunities to grow generational wealth for all," said CEO of Verity Credit Union, Tonita Webb.
  • With the help of Zest AI's technology, Verity achieved notable increases in loan approvals for protected status applicants, who may not typically qualify based on traditional credit scoring methods.
  • "Our mission is to co-create solutions and advocate for opportunities to grow generational wealth for all," said CEO of Verity Credit Union, Tonita Webb.

First Financial Northwest, Inc. Declares Quarterly Cash Dividend of $0.13 per Share

Retrieved on: 
Monday, February 12, 2024
Puget Sound region, First, FDIC, Washington State

RENTON, Wash., Feb. 12, 2024 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the “Company”) (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the “Bank”), today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share on the Company’s outstanding common stock.

Key Points: 
  • RENTON, Wash., Feb. 12, 2024 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the “Company”) (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the “Bank”), today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share on the Company’s outstanding common stock.
  • The cash dividend will be payable on March 28, 2024, to shareholders of record on March 15, 2024.
  • First Financial Northwest, Inc. is the parent company of First Financial Northwest Bank; an FDIC insured Washington State-chartered commercial bank headquartered in Renton, Washington, serving the Puget Sound Region through 15 full-service banking offices.
  • For additional information about us, please visit our website at ffnwb.com and click on the “Investor Relations” link at the bottom of the page.

Stewart Elected to Serve on the Head Office Board of Directors for the Federal Reserve Bank of San Francisco

Retrieved on: 
Tuesday, January 23, 2024
Community, Woman, Puget Sound Business Journal, Sound, SFBC, Klallam, Puget Sound region, Federal Reserve Bank, Bank

SEATTLE, Jan. 22, 2024 (GLOBE NEWSWIRE) -- The Federal Reserve Bank of San Francisco elected Laura Lee (Laurie) Stewart, president and chief executive officer of Sound Community Bank / Sound Financial Bancorp, to its Head Office Board of Directors, effective January 1, 2024.

Key Points: 
  • SEATTLE, Jan. 22, 2024 (GLOBE NEWSWIRE) -- The Federal Reserve Bank of San Francisco elected Laura Lee (Laurie) Stewart, president and chief executive officer of Sound Community Bank / Sound Financial Bancorp, to its Head Office Board of Directors, effective January 1, 2024.
  • “Serving on the Federal Reserve Bank of San Francisco’s Head Office Board of Directors is truly a privilege.
  • Seattle-based Sound Community Bank serves 25,000 households and businesses through nine retail banking locations and loan production offices located in the Greater Puget Sound area.
  • Most recently, Ms. Stewart served two consecutive terms on the Seattle Branch Board of Directors for the Federal Reserve Bank of San Francisco.

Global Credit Union and First Financial Northwest, Inc. Announce Agreement for Global Credit Union to Acquire First Financial Northwest Bank

Retrieved on: 
Thursday, January 11, 2024
FDIC, Honigman LLP, Credit union, Wind, Failure, Bank, Puget Sound region, GS, Growth, Washington State, Environment, Communication, First, Acquisition, Telephone, Organization, Purchasing, Security (finance)

ANCHORAGE, Alaska and RENTON, Wash., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Global Federal Credit Union (“Global”) and First Financial Northwest, Inc. (“First Financial Northwest”) (NASDAQ GS: FFNW) announced today they have entered into a definitive agreement in which Global will acquire Renton, Washington-based First Financial Northwest Bank, a wholly-owned subsidiary of First Financial Northwest.

Key Points: 
  • ANCHORAGE, Alaska and RENTON, Wash., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Global Federal Credit Union (“Global”) and First Financial Northwest, Inc. (“First Financial Northwest”) (NASDAQ GS: FFNW) announced today they have entered into a definitive agreement in which Global will acquire Renton, Washington-based First Financial Northwest Bank, a wholly-owned subsidiary of First Financial Northwest.
  • Following the purchase and assumption transaction, First Financial Northwest and First Financial Northwest Bank intend to wind down and dissolve.
  • First Financial Northwest Bank customers will become members of Global Federal Credit Union with full access to Global’s extensive product and service offerings.
  • Global Credit Union is a not-for-profit, member-owned financial cooperative with a mission of enriching lives through world-class financial services.

Capital Power completes acquisition of 50.15% interest in the Frederickson 1 Generating Station

Retrieved on: 
Thursday, December 28, 2023
Depreciation, Policy, Capital Power Corporation, Indigenous peoples, Pacific Northwest, Hand, Risk management, Acquisition, Electricity, Atlantic Power Corporation, Legislation, News, Puget Sound region, Perception, Adjustment, Puget Sound Energy, TSX, CPX, Capital, GAAP, Annual report

EDMONTON, Alberta, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) (“Capital Power”) successfully completed the acquisition of a 50.15% interest in the Frederickson 1 Generating Station (“Frederickson 1” or the “Facility”), a 265-megawatt (MW) natural gas-fired combined-cycle generation facility in Pierce County, Washington.

Key Points: 
  • EDMONTON, Alberta, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) (“Capital Power”) successfully completed the acquisition of a 50.15% interest in the Frederickson 1 Generating Station (“Frederickson 1” or the “Facility”), a 265-megawatt (MW) natural gas-fired combined-cycle generation facility in Pierce County, Washington.
  • The facility was acquired from Atlantic Power & Utilities for US$97.5 million, subject to working capital adjustments.
  • Capital Power financed the transaction using cash on hand and its credit facilities.
  • As part of the ownership agreement with PSE, Capital Power will operate and maintain the facility and will receive an annual management fee under the operating arrangement with PSE.

First Financial Northwest Bank Promotes Dalen D. Harrison to Executive Vice President

Retrieved on: 
Thursday, November 16, 2023
First, Washington State, Senior, Puget Sound region, Bank, Creativity, C&I, Fintech, Culture, FDIC, Partnership, Puget Sound

RENTON, Wash., Nov. 16, 2023 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the “Company”)(NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the “Bank”) today announced that Dalen D. Harrison was promoted to Executive Vice President and Chief Banking Officer of the Bank effective November 10, 2023.

Key Points: 
  • RENTON, Wash., Nov. 16, 2023 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the “Company”)(NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the “Bank”) today announced that Dalen D. Harrison was promoted to Executive Vice President and Chief Banking Officer of the Bank effective November 10, 2023.
  • Initially hired in March 2014 as Chief Deposit Officer, Ms. Harrison was appointed Senior Vice President in July 2014.
  • A member of the Bank’s executive management team, she was promoted to Senior Vice President and Chief Banking Officer in December 2019.
  • First Financial Northwest, Inc. is the parent company of First Financial Northwest Bank; an FDIC insured Washington State-chartered commercial bank headquartered in Renton, Washington, serving the Puget Sound Region through 15 full-service banking offices.

First Financial Northwest, Inc. Declares Quarterly Cash Dividend of $0.13 per Share

Retrieved on: 
Monday, November 13, 2023
First, Washington State, Puget Sound region, FDIC, Holding company, Bank

RENTON, Wash., Nov. 13, 2023 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the “Company”) (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the “Bank”), today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share on the Company’s outstanding common stock.

Key Points: 
  • RENTON, Wash., Nov. 13, 2023 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the “Company”) (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the “Bank”), today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share on the Company’s outstanding common stock.
  • The cash dividend will be payable on December 22, 2023, to shareholders of record on December 8, 2023.
  • First Financial Northwest, Inc. is the parent company of First Financial Northwest Bank; an FDIC insured Washington State-chartered commercial bank headquartered in Renton, Washington, serving the Puget Sound Region through 15 full-service banking offices.
  • For additional information about us, please visit our website at ffnwb.com and click on the “Investor Relations” link at the bottom of the page.

Renowned Artistic Director Maximiliano Guerra joins the team of Evergreen City Ballet Company

Retrieved on: 
Wednesday, December 13, 2023
Puget Sound region, Nutcracker, Student, Multimedia, Culture, Dance, Open House, ECB, Teatro, New York City Ballet, Bolshoi Ballet, English National Ballet, University of Buenos Aires, Entertainment, Management, Ballet

RENTON, Wash., Dec. 12, 2023 /PRNewswire-PRWeb/ -- Maximiliano Guerra is a celebrated director, choreographer, and educator, who has directed productions in various venues such as Teatro Colon and danced at English National Ballet, Bolshoi Ballet and La Scala. He has received numerous awards and accolades for his choreography and dancing, including the Konex Platinum Award and the Gold Medal International Ballet De Varna. He has taught courses on classical ballet, choreography, and staging at Buenos Aires University since 2014.

Key Points: 
  • As the artistic director of Evergreen City Ballet, Maximiliano Guerra now oversees the artistic vision and programming of the school, which is known for its innovative and diverse productions of classic and contemporary ballet.
  • "I am thrilled and honored to join Evergreen City Ballet as its new artistic director," said Guerra.
  • "We are delighted to welcome Maximiliano Guerra as our new artistic director," said Brian Wallace, President board of directors of Evergreen City Ballet.
  • Evergreen City Ballet was established in 1994 and received its non-profit status in 1995 as both a pre-professional ballet school and as a performing company.

Capital Power announces agreement to acquire 50.15% interest in Frederickson 1 Generating Station

Retrieved on: 
Tuesday, October 10, 2023
Capital, Northwest Pipeline, Perception, TSX, Acquisition, Indigenous peoples, Accretion expense, Morgan Stanley, A-11, Depreciation, Atlantic Power Corporation, CPX, PPA, EBITDA, Capital Power Corporation, Facility, Bonneville Power Administration, Puget Sound Energy, Electricity, WECC, Legislation, Western Electricity Coordinating Council, CAD, Growth, SVP, Maintenance, PSE, Policy, Annual report, GE, Pacific Northwest, News, AP, Hand, Puget Sound region, Risk management, GAAP, Bank, Renewable energy, Bookkeeping

EDMONTON, Alberta, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Capital Power Corporation (“Capital Power” or “the Company”) (TSX: CPX) announced today that it has executed an agreement to acquire a 50.15% ownership interest in the Frederickson 1 Generating Station (“Frederickson 1” or “the Facility”) from Atlantic Power & Utilities (“AP&U”) for US$100 million (CAD$137 million).

Key Points: 
  • EDMONTON, Alberta, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Capital Power Corporation (“Capital Power” or “the Company”) (TSX: CPX) announced today that it has executed an agreement to acquire a 50.15% ownership interest in the Frederickson 1 Generating Station (“Frederickson 1” or “the Facility”) from Atlantic Power & Utilities (“AP&U”) for US$100 million (CAD$137 million).
  • Capital Power will finance the transaction using cash on hand and its credit facilities.
  • Frederickson 1 is a 265 MW natural gas-fired combined-cycle generating facility in Pierce County, Washington.
  • “We are pleased to acquire this high-quality facility in the Pacific Northwest,” said Avik Dey, President and CEO of Capital Power.

First Financial Northwest, Inc. Declares Quarterly Cash Dividend of $0.13 per Share; Announces Adoption of New Stock Repurchase Plan

Retrieved on: 
Monday, August 7, 2023
First, Washington State, Puget Sound region, FDIC, Bank

The cash dividend will be payable on September 22, 2023, to shareholders of record on September 8, 2023.

Key Points: 
  • The cash dividend will be payable on September 22, 2023, to shareholders of record on September 8, 2023.
  • The new stock repurchase plan will commence on or about August 10, 2023, and will expire no later than March 16, 2024.
  • The extent to which the Company repurchases its shares and the timing of such repurchases will depend upon market conditions and other corporate considerations.
  • As a result, there can be no assurance as to the exact number of shares, if any, that will be repurchased under the plan.