First Fed Bank Releases SASB Report

Rhea-AI Summary

First Northwest Bancorp (NASDAQ: FNWB) has released its initial report based on the Sustainable Accounting Standards Board (SASB) framework, detailing its environmental, social, and governance (ESG) initiatives. President and CEO Matt Deines emphasized the bank's commitment to sustainability and community. Key achievements include the adoption of e-records and e-signature technologies for waste reduction, the launch of a Diversity, Equity, and Inclusion program, and the establishment of a leadership team with 50% female representation. Additional ESG-related data is available in the SASB Fact Sheet.

Positive

• Implementation of e-records and e-signature technologies leading to waste reduction.
• Launch of a Diversity, Equity, and Inclusion program.
• Hiring a leadership team that is 50% female.

Negative

• None.

PORT ANGELES, Wash., Nov. 19, 2021 (GLOBE NEWSWIRE) -- First Northwest Bancorp (NASDAQ: FNWB), releases first report following framework set by Sustainable Accounting Standards Board (SASB). The SASB Fact Sheet communicates the environmental, social, and governance (ESG) initiatives, actions, and results.

“As a community bank, our commitment to local communities goes far beyond offering financial products, services, and expertise. We are dedicated to ensuring the long-term sustainability of our region,” stated Matt Deines, President and CEO of First Fed. “Our investments in sustainability will drive long-term value for all our stakeholders.”

Recent ESG achievements include implementing of e-records and e-signature technologies resulting in waste reduction; launching an internal Diversity, Equity, and Inclusion (DEI) program; and hiring a 50% female leadership team. Related data is available in the SASB Fact Sheet.

About the Company

First Northwest Bancorp is a bank holding company that primarily engages in the business activity of its subsidiary, First Fed. First Fed is a community-oriented financial institution which has served customers and communities since 1923. Currently First Fed has 16 locations in Washington state including 12 full-service branches, 2 business centers, and 2 ITMs. First Fed’s business and operating strategy is focused on building sustainable earnings through hiring experienced bankers, geographic expansion, diversifying our loan product mix, expanding our deposit product offerings that deliver value-added solutions, enhancing existing services and digital service delivery channels, and enhancing our infrastructure to support the changing needs and expectations of our customers.

Contact:  
Matthew P. Deines 
President & CEO 
(360) 457-0461 

FAQ

What does the recent FNWB press release highlight regarding sustainability?

The FNWB press release highlights its commitment to sustainability through various ESG initiatives, including waste reduction technologies and a focus on diversity.

What are some ESG achievements mentioned by FNWB?

Key ESG achievements include implementing e-records and e-signature technologies, launching a DEI program, and achieving a 50% female leadership team.

When was the FNWB press release published?

The FNWB press release was published on November 19, 2021.

What is the importance of the SASB Fact Sheet for FNWB?

The SASB Fact Sheet provides detailed information on FNWB's ESG initiatives, actions, and results, aligning with the sustainable standards set by SASB.

Who is the CEO of First Northwest Bancorp?

Matt Deines is the President and CEO of First Northwest Bancorp.