First Financial Northwest, Inc., First Financial Northwest Bank and First Financial Diversified Corporation Announce Management Changes
September 26, 2019 at 04:39 pm EDT
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On September 20, 2019, First Financial Northwest, Inc. (the “Company”), its financial institution subsidiary, First Financial Northwest Bank (“Bank”), and its non-financial institution subsidiary, First Financial Diversified Corporation (“FFD”), announced that their Boards of Directors had accepted the resignation of Director Patricia M. Remch. Ms. Remch’s resignation is effective October 15, 2019. Ms. Remch has served as a director of the Company, Bank and FFD since April 1, 2019 and is resigning for personal reasons. At the time of her resignation, Ms. Remch was a member of the Company’s ALCO Committee, was the chair of the Internal Asset Review Committee and was on the Nominating and Corporate Governance Committee. In an unrelated matter, on September 24, 2019 Daniel L. Stevens became Chairman of the Board of Directors of the Company, replacing Roger H. Molvar. Mr. Stevens is also becoming Chairman of the Boards of the Bank and FFD. Mr. Molvar will continue to serve as a director of the Company, the Bank and FFD.
First Financial Northwest, Inc. is the holding company for First Financial Northwest Bank (the Bank). The Bank focuses on its lending activities primarily on loans secured by commercial real estate, construction/land, first mortgages on one-to-four family residences, multifamily, and business lending. It offers secured consumer loans, including savings account loans, auto loans and home equity loans that include lines of credit and second mortgage term loans. It originates construction/land loans primarily to residential builders for the construction of single-family residences, condominiums, townhouses, multifamily properties and residential developments located in its market area. Its land development loans are generally made to builders for preparation of a building site. Its investment portfolio consists of mortgage-backed securities, municipal bonds, United States government agency obligations, and corporate bonds. It serves King, Snohomish, Pierce and Kitsap counties, Washington.
FIRST FINANCIAL NORTHWEST, INC. 
