FS Bancorp, Inc. and 1st Security Bank Announces the Promotion of Matthew D. Mullet to President
FS Bancorp (NASDAQ: FSBW) has promoted Matthew D. Mullet to President of both the company and its subsidiary, 1st Security Bank of Washington. Mullet, who has been the Chief Financial Officer since September 2011, will retain this role alongside his new position as President. Joseph C. Adams will continue as Chief Executive Officer for both entities.
Mullet's career in banking began in 2000 as a financial examiner with the Washington State Department of Financial Institutions. He later worked at Golf Savings Bank, becoming CFO in 2007, and held a senior position at Sterling Savings Bank before joining 1st Security Bank in 2011. Mullet is actively involved in industry associations and volunteers to teach financial literacy.
FS Bancorp (NASDAQ: FSBW) ha promosso Matthew D. Mullet a Presidente della società e della sua sussidiaria, 1st Security Bank of Washington. Mullet, che è stato Chief Financial Officer da settembre 2011, manterrà questo ruolo insieme alla sua nuova posizione di Presidente. Joseph C. Adams continuerà come Chief Executive Officer per entrambe le entità.
La carriera di Mullet nel settore bancario è iniziata nel 2000 come esaminatore finanziario presso il Dipartimento delle Istituzioni Finanziarie dello Stato di Washington. In seguito ha lavorato presso Golf Savings Bank, diventando CFO nel 2007, e ha ricoperto una posizione di alto livello presso Sterling Savings Bank prima di unirsi a 1st Security Bank nel 2011. Mullet è attivamente coinvolto in associazioni di settore e fa volontariato per insegnare l'educazione finanziaria.
FS Bancorp (NASDAQ: FSBW) ha promovido a Matthew D. Mullet como Presidente de la empresa y de su subsidiaria, 1st Security Bank of Washington. Mullet, quien ha sido el Director Financiero desde septiembre de 2011, mantendrá este cargo junto con su nueva posición como Presidente. Joseph C. Adams continuará como Consejero Delegado de ambas entidades.
La carrera de Mullet en la banca comenzó en 2000 como examinador financiero en el Departamento de Instituciones Financieras del Estado de Washington. Luego trabajó en Golf Savings Bank, convirtiéndose en CFO en 2007, y ocupó un puesto senior en Sterling Savings Bank antes de unirse a 1st Security Bank en 2011. Mullet está activamente involucrado en asociaciones de la industria y se ofrece como voluntario para enseñar educación financiera.
FS Bancorp (NASDAQ: FSBW)는 Matthew D. Mullet을 회사 및 그 자회사인 1st Security Bank of Washington의 사장으로 승진시켰습니다. Mullet는 2011년 9월부터 CFO로 일해왔으며, 새로운 사장직과 함께 이 역할을 유지할 것입니다. Joseph C. Adams는 두 개의 기관 모두에서 CEO로 계속 활동할 것입니다.
Mullet의 은행 경력은 2000년 워싱턴주 금융기관부에서 재무 감사관으로 시작되었습니다. 이후 Golf Savings Bank에서 CFO가 되었고, 2007년에는 Sterling Savings Bank의 고위직을 맡은 후 2011년에 1st Security Bank에 합류했습니다. Mullet는 산업 협회에 적극 참여하고 금융 문해 교육을 가르치는 자원봉사를 하고 있습니다.
FS Bancorp (NASDAQ: FSBW) a promu Matthew D. Mullet au poste de Président de la société et de sa filiale, la 1st Security Bank of Washington. Mullet, qui était Directeur Financier depuis septembre 2011, conservera ce rôle en plus de sa nouvelle fonction de Président. Joseph C. Adams continuera d'exercer ses fonctions de Directeur Général pour les deux entités.
La carrière de Mullet dans le secteur bancaire a commencé en 2000 en tant qu'examinateur financier au Département des Institutions Financières de l'État de Washington. Il a ensuite travaillé chez Golf Savings Bank, devenant CFO en 2007, et a occupé un poste supérieur chez Sterling Savings Bank avant de rejoindre la 1st Security Bank en 2011. Mullet est activement impliqué dans des associations professionnelles et fait du bénévolat pour enseigner la littératie financière.
FS Bancorp (NASDAQ: FSBW) hat Matthew D. Mullet zum Präsidenten sowohl des Unternehmens als auch seiner Tochtergesellschaft, der 1st Security Bank of Washington, befördert. Mullet, der seit September 2011 Chief Financial Officer ist, wird diese Rolle neben seiner neuen Position als Präsident beibehalten. Joseph C. Adams wird weiterhin als Chief Executive Officer für beide Einrichtungen tätig sein.
Mulletts Karriere im Bankwesen begann im Jahr 2000 als Finanzprüfer beim Finanzinstitut des Bundesstaates Washington. Er arbeitete später bei Golf Savings Bank, wo er 2007 CFO wurde, und hatte eine leitende Position bei der Sterling Savings Bank, bevor er 2011 zur 1st Security Bank kam. Mullet engagiert sich aktiv in Branchenverbänden und arbeitet ehrenamtlich, um finanzielle Bildung zu vermitteln.
- Promotion of experienced executive Matthew D. Mullet to President
- Mullet retains CFO position, ensuring continuity in financial leadership
- CEO Joseph C. Adams remains in place, maintaining stable top management
- None.
MOUNTLAKE TERRACE, Wash., July 19, 2024 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (the “Company”) (NASDAQ: FSBW), the holding company for 1st Security Bank of Washington (“1st Security Bank” or “Bank”) announced today that it has named Matthew D. Mullet as President of both the Bank and the Company. Mr. Mullet has held the title of Chief Financial Officer at both the Bank and the Company since September 2011 and will also continue in his position as Chief Financial Officer. Joseph C. Adams will remain as Chief Executive Officer for both the Company and the Bank.
Mr. Adams stated, “We are pleased to announce Matt’s well-deserved promotion. He has been an integral part of our team and has a proven track record of leadership and a deep understanding of the banking landscape and all of the Bank’s operations. Matt and I look forward to continue working with our teammates to build a truly great place to work and bank.”
Mr. Mullet, a cum laude graduate of University of Washington, began his banking career in June 2000 as a financial examiner with the Washington State, Department of Financial Institutions, Division of Banks. In 2004, Matthew accepted a position at Golf Savings Bank in Mountlake Terrace. He served in a variety of capacities at Golf and was appointed Chief Financial Officer in 2007. After the Golf Savings Bank merger with Sterling Savings Bank, he held the position of Senior Vice President of the Home Loan Division at Sterling until resigning in 2011 to join 1st Security Bank. He serves on the Government Relations Committee with Washington Bankers Association and volunteers with The IF Project, teaching Financial Literacy at the Washington Corrections Center for Women. He is a strong advocate for education and financial literacy.
About 1st Security Bank of Washington
1st Security Bank provides loan and deposit services to customers at its twenty-seven branches, and one headquarters office that produces loans and accepts deposits, and loan production offices in various suburban communities in the greater Puget Sound area, the Kennewick-Pasco-Richland metropolitan area of Washington, also known as the Tri-Cities, and in Vancouver, Washington. The Bank services home mortgage customers throughout the Northwest predominantly in Washington State including the Puget Sound, Tri-Cities and Vancouver home lending markets.
Note Regarding Forward Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which can be identified by words such as "may," "expected," "anticipate", "continue," or other comparable words. In addition, all statements other than statements of historical facts that address activities that 1st Security expects or anticipates will or may occur in the future are forward-looking statements. Readers are encouraged to read the Securities and Exchange Commission reports of FS Bancorp, particularly its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, for meaningful cautionary language discussing why actual results may vary materially from those anticipated by management.
Contacts:
Joseph C. Adams
Chief Executive Officer
Matthew D. Mullet
President and Chief Financial Officer
(425) 771-5299
www.FSBWA.com
FAQ
Who is the new President of FS Bancorp (FSBW) and 1st Security Bank?
What positions does Matthew D. Mullet hold at FS Bancorp (FSBW) as of July 19, 2024?
When did Matthew D. Mullet join 1st Security Bank as CFO?
Who remains the CEO of FS Bancorp (FSBW) after Matthew D. Mullet's promotion?
