First Northwest Bancorp and First Fed Announce the Resignation of Craig Curtis from Boards of Directors
First Northwest Bancorp (NASDAQ: FNWB) announced the resignation of Craig Curtis from the Company's Boards of Directors, effective December 31, 2024. Curtis served on the First Fed Board for 10 years and the FNWB Board for 9 years, where he held positions as Chair of the Nominating and Corporate Governance Committee and First Fed Board Loan Committee.
Curtis cited the bank's evolution and growth as reasons for his departure, stating that more qualified candidates could make more meaningful contributions. The Boards' Nominating and Corporate Governance Committee is actively recruiting potential candidates with appropriate diversity, skills, and experience for Board membership.
First Northwest Bancorp (NASDAQ: FNWB) ha annunciato le dimissioni di Craig Curtis dai Consigli di Amministrazione della Società, a partire dal 31 dicembre 2024. Curtis ha servito nel Consiglio di First Fed per 10 anni e nel Consiglio di FNWB per 9 anni, dove ha ricoperto ruoli come Presidente del Comitato per la Nomina e la Corporate Governance e del Comitato per i Prestiti del Consiglio di First Fed.
Curtis ha citato l'evoluzione e la crescita della banca come motivi per il suo abbandono, affermando che candidati più qualificati potrebbero dare contributi più significativi. Il Comitato per le Nomine e la Corporate Governance dei Consigli sta attivamente reclutando potenziali candidati con la diversità, le competenze e l'esperienza adeguate per i membri del Consiglio.
First Northwest Bancorp (NASDAQ: FNWB) anunció la dimisión de Craig Curtis de los Consejos de Administración de la Compañía, efectiva el 31 de diciembre de 2024. Curtis formó parte del Consejo de First Fed durante 10 años y del Consejo de FNWB durante 9 años, donde ocupó cargos como Presidente del Comité de Nominaciones y Gobernanza Corporativa y del Comité de Préstamos del Consejo de First Fed.
Curtis citó la evolución y el crecimiento del banco como razones para su salida, afirmando que candidatos más cualificados podrían hacer contribuciones más significativas. El Comité de Nominaciones y Gobernanza Corporativa de los Consejos está reclutando activamente posibles candidatos con la diversidad, habilidades y experiencia apropiadas para la membresía del Consejo.
퍼스트 노스웨스트 뱅콥 (NASDAQ: FNWB)는 크레이그 커티스가 2024년 12월 31일부로 회사 이사회에서 사임한다고 발표했습니다. 커티스는 퍼스트 페드 이사회에서 10년, FNWB 이사회에서 9년 동안 근무했으며, 이사회의 지명위원회와 기업 지배구조 위원회 및 퍼스트 페드 이사회 대출 위원회 의장을 역임했습니다.
커티스는 은행의 발전과 성장을 사임의 이유로 언급하며, 더 자격이 갖춘 후보들이 더 의미 있는 기여를 할 수 있다고 말했습니다. 이사회의 지명 및 기업 지배구조 위원회는 이사회 멤버십을 위한 적절한 다양성, 기술 및 경험을 갖춘 잠재적 후보자를 적극적으로 모집하고 있습니다.
First Northwest Bancorp (NASDAQ: FNWB) a annoncé la démission de Craig Curtis des Conseils d'Administration de la Société, effective le 31 décembre 2024. Curtis a siégé au Conseil de First Fed pendant 10 ans et au Conseil de FNWB pendant 9 ans, où il a occupé des postes tels que Président du Comité de Nominations et de Gouvernance d'Entreprise et du Comité des Prêts du Conseil de First Fed.
Curtis a cité l'évolution et la croissance de la banque comme raisons de son départ, déclarant que des candidats mieux qualifiés pourraient apporter des contributions plus significatives. Le Comité de Nominations et de Gouvernance d'Entreprise des Conseils recrute activement des candidats potentiels ayant la diversité, les compétences et l'expérience appropriées pour la membership du Conseil.
First Northwest Bancorp (NASDAQ: FNWB) gab die Rücktritt von Craig Curtis aus den Vorständen der Gesellschaft bekannt, wirksam zum 31. Dezember 2024. Curtis gehörte dem First Fed Vorstand 10 Jahre und dem FNWB Vorstand 9 Jahre an, wo er Positionen als Vorsitzender des Nominierungs- und Corporate Governance Ausschusses sowie des Kreditkomitees des First Fed Vorstands innehatte.
Curtis nannte die Entwicklung und das Wachstum der Bank als Gründe für seinen Rücktritt und erklärte, dass qualifiziertere Kandidaten bedeutungsvollere Beiträge leisten könnten. Der Nominierungs- und Corporate Governance Ausschuss der Vorstände rekrutiert aktiv potenzielle Kandidaten mit angemessener Vielfalt, Fähigkeiten und Erfahrung für die Mitgliedschaft im Vorstand.
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PORT ANGELES, Wash., Dec. 30, 2024 (GLOBE NEWSWIRE) -- First Fed Bank and its holding company, First Northwest Bancorp (NASDAQ: FNWB) (collectively the “Company”), announced the resignation of Craig Curtis from the Company’s Boards of Directors, effective December 31, 2024.
“On behalf of the Board of Directors we thank Craig for his many years of service and wish him all the best in his future endeavors,” said Cindy Finnie, Board Chair of FNWB and First Fed.
Curtis served on the First Fed Board for 10 years and the FNWB Board for 9 years. He served as Chair of the Nominating and Corporate Governance Committee for both Boards and the First Fed Board Loan Committee during his tenure on the Boards. Curtis explained his decision to resign from the Board saying, “I am grateful for the opportunity to serve on the Boards and contribute to the Company’s vision and growth over the past ten years. Over that time, I have seen the Bank experience tremendous growth, both in size and sophistication. As the Bank and Board have evolved, I recognize that there are more qualified Board candidates who can make more meaningful contributions to the Company. It is important to me personally to only serve in a position in which I am able to add value, and I also firmly believe that a board that evolves alongside the institution is a good thing.”
Curtis is a Partner and Director of Emerging Building Technologies with Mithun, a multi-disciplinary design firm with offices in Seattle, San Francisco, and Los Angeles. Prior to joining Mithun in 2020, Mr. Curtis served as Chief Architect with Katerra, Inc., starting in January 2016, where he was responsible for the development of Katerra’s building platforms and led the launch of the company’s mass timber design division, including North America’s largest cross-laminated timber factory. Prior to joining Katerra, Mr. Curtis was employed by The Miller Hull Partnership, an architecture and planning firm, for 30 years and served as a partner from 1994 until 2016.
The Boards, through the Nominating and Corporate Governance Committee, are actively engaged in ongoing recruiting efforts and have identified several potential candidates that offer the diversity, skills, and experience appropriate for Board membership. The Committee will also determine whether adding a new Board member is in the best interest of the Bank at this time.
About the Company
First Northwest Bancorp (Nasdaq: FNWB) is a financial holding company engaged in investment activities including the business activity of its subsidiary, First Fed Bank, along with other fintech partnerships. First Fed is a small business-focused financial institution which has served its customers and communities since 1923. Currently First Fed has 17 locations in Washington state including 12 full-service branches. First Fed’s business and operating strategy is focused on building sustainable earnings by delivering a full array of financial products and services for individuals, small business, and commercial customers. Additionally, First Fed focuses on strategic partnerships with financial technology (“fintech”) companies to develop and deploy digitally focused financial solutions to meet customers’ needs on a broader scale. FNWB also invests in fintech companies directly as well as through select venture capital partners. In 2022, the Company made a minority investment in Meriwether Group, a boutique investment banking and accelerator firm. First Northwest Bancorp was incorporated in 2012. The Company completed its initial public offering in 2015 under the ticker symbol FNWB and is headquartered in Port Angeles, Washington.
First Fed Bank was recognized by Puget Sound Business Journal as a Best Workplace and top Corporate Philanthropist in 2023. By popular vote, First Fed received 2023 awards for Best Bank in the Best of the Northwest, Best Bank in Readers’ Choice by Cascadia Daily News, Best Bank and Best Financial Advisor in Best of the Peninsula for Clallam County. Also, the community bank received a best-in-state bank award from Forbes in 2021. First Fed is a Member FDIC and equal housing lender.
First Northwest Bancorp press release
December 30, 2024
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.
| Contact: | Matthew P. Deines President & CEO (360) 457-0461 |
FAQ
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