First Federal Voted Best Bank for the 25th Consecutive Year in the Peninsula Daily News ‘Best of the Peninsula’ Poll

Rhea-AI Summary

First Northwest Bancorp (NASDAQ: FNWB) announced that its subsidiary, First Federal Bank, was voted Best Bank in Clallam County for the 25th consecutive year in the Peninsula Daily News' 'Best of the Peninsula' poll. Additionally, First Federal was recognized as a finalist for Best Bank in Jefferson County and Best Customer Service in both counties. President Matthew P. Deines attributed the achievement to the bank's commitment to excellent customer service and community engagement.

Positive

• Voted Best Bank in Clallam County for 25 consecutive years.
• Finalist for Best Bank in Jefferson County.
• Finalist for Best Customer Service in Clallam and Jefferson counties.

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• None.

PORT ANGELES, Wash., Sept. 22, 2020 (GLOBE NEWSWIRE) -- First Northwest Bancorp (NASDAQ: FNWB), the holding company for First Federal Savings and Loan Association of Port Angeles (“Bank” or “First Federal”), today announced that First Federal Bank was recently voted Best Bank in Clallam County in the ‘Best of the Peninsula’ poll, hosted by the Peninsula Daily News. It was also a finalist for Best Bank in Jefferson County, and a finalist for Best Customer Service in both counties.

“All of us at First Federal are honored to be voted Best Bank in the Peninsula Daily News’ ‘Best of the Peninsula’ poll. This is a testament to our employees who provide the best level of service to our customers, local businesses and communities,” said Matthew P. Deines, President and CEO.

Every year, the Peninsula Daily News hosts a ‘Best of the Peninsula’ poll, asking people to vote for their favorite county-wide products and services. This marks the 25th consecutive year First Federal has been voted Best Bank in Clallam County – having received that title every year since the poll began in 1995.

About the Company

First Northwest Bancorp, a Washington corporation, is the bank holding company for First Federal Savings and Loan Association of Port Angeles. First Federal is a Washington state-chartered savings bank primarily serving communities in Western Washington State with thirteen banking locations - eight located within Clallam and Jefferson counties, two in Kitsap County, two in Whatcom County, and a lending center in King County.

Forward Looking Statements

Certain matters discussed in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, expectations of the business environment in which we operate, projections of future performance, perceived opportunities in the market, potential future credit experience, and statements regarding our mission and vision. These forward-looking statements are based upon current management expectations and may, therefore, involve risks and uncertainties. Our actual results, performance, or achievements may differ materially from those suggested, expressed, or implied by forward-looking statements as a result of a wide variety or range of factors including, but not limited to: increased competitive pressures; changes in the interest rate environment; the credit risks of lending activities; changes in general economic conditions and conditions within the securities markets; legislative and regulatory changes; and other factors described in the Company’s latest Annual Report on Form 10-K and other filings with the Securities and Exchange Commission ("SEC")-which are available on our website at www.ourfirstfed.com and on the SEC’s website at www.sec.gov.

Any of the forward-looking statements that we make in this Press Release and in the other public statements we make may turn out to be incorrect because of the inaccurate assumptions we might make, because of the factors illustrated above or because of other factors that we cannot foresee. Because of these and other uncertainties, our actual future results may be materially different from those expressed or implied in any forward-looking statements made by or on our behalf and the Company's operating and stock price performance may be negatively affected. Therefore, these factors should be considered in evaluating the forward-looking statements, and undue reliance should not be placed on such statements. We do not undertake and specifically disclaim any obligation to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements. These risks could cause our actual results for fiscal 2020 and beyond to differ materially from those expressed in any forward-looking statements by, or on behalf of, us and could negatively affect the Company’s operations and stock price performance.

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

FAQ

What recognition did First Northwest Bancorp receive in 2020?

First Northwest Bancorp's subsidiary, First Federal Bank, was voted Best Bank in Clallam County and was a finalist for Best Bank and Best Customer Service in Jefferson County in 2020.

How many years has First Federal Bank been voted Best Bank in Clallam County?

First Federal Bank has been voted Best Bank in Clallam County for 25 consecutive years.

What is the stock symbol for First Northwest Bancorp?

The stock symbol for First Northwest Bancorp is FNWB.

Who is the CEO of First Northwest Bancorp?

Matthew P. Deines is the President and CEO of First Northwest Bancorp.

What counties does First Federal Bank serve?

First Federal Bank primarily serves Clallam, Jefferson, Kitsap, and Whatcom counties in Washington State.