FIRST NORTHWEST BANCORP


Associated tags: Fintech, FDIC, Small business, Bank

Locations: JEFFERSON, SAN FRANCISCO, CALIFORNIA, COLORADO, CROSS RIVER, PARIS, PORT ANGELES, WA, US, WASHINGTON, BAINBRIDGE ISLAND, TOTAL

First Fed Fortifies Executive Organization

Retrieved on: 
Monday, April 8, 2024
Microsoft, HR, McKinsey & Company, Level, General counsel, Knowledge, Grameen Foundation, First, Fintech, Marketing, Riffle, Management

PORT ANGELES, Wash., April 08, 2024 (GLOBE NEWSWIRE) -- First Fed Bank has announced two new executive roles to foster a sharpened focus on digital and strategic initiatives.

Key Points: 
  • PORT ANGELES, Wash., April 08, 2024 (GLOBE NEWSWIRE) -- First Fed Bank has announced two new executive roles to foster a sharpened focus on digital and strategic initiatives.
  • “David is a skilled technology leader with significant knowledge and expertise in data, digital banking, payments, and innovation.
  • He brings technological depth and financial solutions expertise to lead First Fed on our digital journey,” stated Matt Deines, CEO of First Fed Bank and First Northwest Bancorp (FNWB).
  • Riffle has also been General Counsel for First Fed since 2017 and will retain his responsibilities leading the bank’s legal department.

Sean Brennan Appointed to First Fed Board

Retrieved on: 
Wednesday, March 27, 2024
Seattle University, Growth, U.S. Bancorp, Acquisition, Washington Trust Bank, Senior, Housing, Heritage Bank

PORT ANGELES, Wash., March 27, 2024 (GLOBE NEWSWIRE) -- First Fed Bank, subsidiary of First Northwest Bancorp (NASDAQ: FNWB), announced today that Sean Brennan has been appointed to the Board of Directors.

Key Points: 
  • PORT ANGELES, Wash., March 27, 2024 (GLOBE NEWSWIRE) -- First Fed Bank, subsidiary of First Northwest Bancorp (NASDAQ: FNWB), announced today that Sean Brennan has been appointed to the Board of Directors.
  • "Sean is a respected, results-oriented leader with over 35 years of financial industry experience.
  • Sean will bring valuable insight and diligent oversight to our board,” said Matt Deines, President and CEO of First Fed Bank and FNWB.
  • Prior to cofounding Puget Sound Bank, Brennan held leadership roles at Washington Trust Bank and US Bancorp.

Sherilyn Anderson Elected as First Fed Board Vice Chair

Retrieved on: 
Monday, December 11, 2023
Betacom, Science, Goldman Sachs, Stanford University, Harvard Business School, Glassybaby, Wells Fargo, Pacific Science Center, Poverty, Committee on Finance, UBS, Morgan Stanley, Salomon Brothers, Management

PORT ANGELES, Wash., Dec. 11, 2023 (GLOBE NEWSWIRE) -- First Fed Bank, subsidiary of First Northwest Bancorp (NASDAQ: FNWB) (“Company”), today announced that Sherilyn Anderson has been elected as to Board Vice Chair.

Key Points: 
  • PORT ANGELES, Wash., Dec. 11, 2023 (GLOBE NEWSWIRE) -- First Fed Bank, subsidiary of First Northwest Bancorp (NASDAQ: FNWB) (“Company”), today announced that Sherilyn Anderson has been elected as to Board Vice Chair.
  • Anderson has served as a Board Member since 2020.
  • I’m excited to take on new responsibilities as Vice Chair of the board,” said Anderson.
  • Jennifer Zaccardo, the previous Board Vice Chair, will remain an active member on the Board.

Geri Bullard Promoted to COO of First Fed

Retrieved on: 
Monday, October 2, 2023
The Bank of Washington, General counsel, Controller, Risk management, Certified Public Accountant, Strategic planning, Risk, Chief digital officer, Bank, CFO, Management

In addition to her new role as COO, Bullard will continue to serve as Chief Financial Officer, an executive position she has held since 2020 at First Fed.

Key Points: 
  • In addition to her new role as COO, Bullard will continue to serve as Chief Financial Officer, an executive position she has held since 2020 at First Fed.
  • Appointing Geri as COO shows our commitment to operational excellence to enhance the customer experience and shareholder value,” stated Matt Deines, CEO of First Fed Bank and First Northwest Bancorp (FNWB).
  • I look forward to continuing to collaborate with this innovative leadership team on growing First Fed Bank and FNWB,” stated Bullard.
  • Prior to joining First Fed, Bullard served as CFO at First Sound Bank, The Bank of Washington, and Idaho Trust Bank.

First Northwest Bancorp Reports Fourth Quarter 2022 Earnings

Retrieved on: 
Thursday, January 26, 2023
Depreciation, Interest, Income tax, Tax, FHLB, Advertising, American City Business Journals, Sister republic, Visa requirements for Irish citizens, Common equity, Sale, Bank, Federal Reserve, Partnership, Middle-market company, Federal, Investment, Growth, Federal Reserve Bank, Peninsula, Gold, Video game, Life insurance, Real estate, Airline

As a result, the efficiency ratio improved to 67.9% for the fourth quarter of 2022, compared to 74.9% for the third quarter of 2022, and 70.5% the fourth quarter of 2021.

Key Points: 
  • As a result, the efficiency ratio improved to 67.9% for the fourth quarter of 2022, compared to 74.9% for the third quarter of 2022, and 70.5% the fourth quarter of 2021.
  • Total interest expense was $4.7 million for the fourth quarter of 2022, compared to $2.7 million in the third quarter of 2022 and $1.4 million in the fourth quarter a year ago.
  • The yield on average earning assets increased 50 basis points to 4.95% for the fourth quarter of 2022, compared to 4.45% for the third quarter of 2022, and increased 105 basis points from 3.90% for the fourth quarter of 2021.
  • The cost of average interest-bearing liabilities increased 51 basis points to 1.24% for the fourth quarter of 2022, compared to 0.73% for the third quarter of 2022, and increased 82 basis points from 0.42% for the fourth quarter of 2021.