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FS Bancorp, Inc. Appoints Terri L. Degner to Board of Directors

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FS Bancorp, Inc. (NASDAQ:FSBW), the holding company for 1st Security Bank of Washington, has appointed Terri L. Degner to its Board of Directors, effective September 30, 2024. The appointment was proposed by the Company's Nominating & ESG Committee and approved by the Board of Directors.

CEO Joe Adams expressed enthusiasm about Degner's appointment, citing her extensive banking background and in-depth knowledge of the Bank and Company as valuable assets to the Board. Degner previously served as Executive Vice President, Chief Financial Officer, and Treasurer at Anchor Bank until its acquisition by 1st Security Bank in November 2018. She continued to work with the Bank as a Consultant on the Anchor transition and other projects.

Degner's educational background includes a Bachelor of Arts Degree in Accounting from St. Martins College, where she graduated cum laude in 1998, and an honors graduation from Pacific Coast Banking School at the University of Washington in 2000.

FS Bancorp, Inc. (NASDAQ:FSBW), la holding company per 1st Security Bank of Washington, ha nominato Terri L. Degner nel suo Consiglio di Amministrazione, con effetto dal 30 settembre 2024. La nomina è stata proposta dal Comitato di Nomina e ESG della Società ed approvata dal Consiglio di Amministrazione.

Il CEO Joe Adams ha espresso entusiasmo riguardo alla nomina di Degner, citando il suo ampio background bancario e la profonda conoscenza della Banca e della Società come risorse preziose per il Consiglio. Degner ha precedentemente ricoperto il ruolo di Vice Presidente Esecutivo, Direttore Finanziario e Tesoriere presso Anchor Bank fino alla sua acquisizione da parte di 1st Security Bank nel novembre 2018. Ha continuato a collaborare con la Banca come Consulente durante la transizione di Anchor e altri progetti.

Il percorso educativo di Degner include un Laurea in Arti con specializzazione in Contabilità presso lo St. Martins College, dove si è laureata cum laude nel 1998, e una laurea con lode presso il Pacific Coast Banking School dell'Università di Washington nel 2000.

FS Bancorp, Inc. (NASDAQ:FSBW), la empresa matriz de 1st Security Bank de Washington, ha nombrado a Terri L. Degner en su Junta Directiva, a partir del 30 de septiembre de 2024. La nominación fue propuesta por el Comité de Nominaciones y ESG de la Compañía y aprobada por la Junta Directiva.

El CEO Joe Adams expresó su entusiasmo por el nombramiento de Degner, citando su amplio conocimiento bancario y su profunda comprensión del Banco y la Compañía como activos valiosos para la Junta. Degner se desempeñó anteriormente como Vicepresidenta Ejecutiva, Directora Financiera y Tesorera en Anchor Bank hasta su adquisición por 1st Security Bank en noviembre de 2018. Continuó trabajando con el Banco como Consultora durante la transición de Anchor y otros proyectos.

El historial educativo de Degner incluye una Licenciatura en Artes en Contabilidad de St. Martins College, donde se graduó cum laude en 1998, y una graduación con honores de la Pacific Coast Banking School de la Universidad de Washington en 2000.

FS Bancorp, Inc. (NASDAQ:FSBW), 워싱턴주 1st Security Bank의 지주 회사는 테리 L. 데그너를 이사회의 일자로 임명했습니다, 2024년 9월 30일부터 발효됩니다. 이 임명은 회사의 인사 및 ESG 위원회에서 제안되었으며 이사회에서 승인되었습니다.

CEO 조 애덤스는 데그너의 임명에 대해 열정을 표명하며, 그녀의 광범위한 은행 업무 배경과 은행 및 회사에 대한 깊이 있는 지식이 이사회에 귀중한 자산이 될 것이라고 언급했습니다. 데그너는 2018년 11월 1st Security Bank에 인수될 때까지 앵커 뱅크에서 부회장, 재무 책임자, 재무 담당자로 활동했습니다. 그녀는 앵커 전환과 기타 프로젝트에 대한 컨설턴트로서 은행과 계속 작업했습니다.

데그너의 교육 배경은 세인트 마르틴스 칼리지에서 회계 관련 예술 학사 학위를 포함하며, 1998년 졸업 시 우등으로 졸업했으며, 워싱턴 대학교의 퍼시픽 코스트 뱅킹 스쿨에서도 우등으로 졸업했습니다.

FS Bancorp, Inc. (NASDAQ:FSBW), la société holding de 1st Security Bank de Washington, a nommé Terri L. Degner à son Conseil d'Administration, à compter du 30 septembre 2024. La nomination a été proposée par le Comité de Nomination et ESG de la Société et approuvée par le Conseil d'Administration.

Le PDG Joe Adams a exprimé son enthousiasme quant à la nomination de Degner, citant ses large expérience bancaire et sa connaissance approfondie de la Banque et de la Société comme des atouts précieux pour le Conseil. Degner a précédemment occupé le poste de Vice-présidente Exécutive, Directrice Financière et Trésorière chez Anchor Bank jusqu'à son acquisition par 1st Security Bank en novembre 2018. Elle a continué à travailler avec la Banque en tant que Consultante pour la transition d'Anchor et d'autres projets.

Le parcours éducatif de Degner comprend un Licence en Arts avec une spécialisation en Comptabilité de St. Martins College, où elle a obtenu son diplôme cum laude en 1998, et une distinction de Pacific Coast Banking School à l'Université de Washington en 2000.

FS Bancorp, Inc. (NASDAQ:FSBW), die Holdinggesellschaft der 1st Security Bank of Washington, hat Terri L. Degner in ihren Vorstand berufen, mit Wirkung zum 30. September 2024. Die Ernennung wurde vom Nominierungs- und ESG-Ausschuss der Gesellschaft vorgeschlagen und vom Vorstand genehmigt.

CEO Joe Adams äußerte sich begeistert über Degners Ernennung und bezeichnete ihre umfassende Bankerfahrung und ihr tiefes Wissen über die Bank und das Unternehmen als wertvolle Ressourcen für den Vorstand. Degner war zuvor als Executive Vice President, Chief Financial Officer und Treasurer bei der Anchor Bank tätig, bis diese im November 2018 von der 1st Security Bank übernommen wurde. Sie arbeitete weiterhin als Beraterin für die Bank während des Übergangs von Anchor und anderen Projekten.

Degners Ausbildung umfasst einen Bachelor-Abschluss in Rechnungswesen von St. Martins College, wo sie 1998 cum laude abschloss, sowie einen Abschluss mit Auszeichnung an der Pacific Coast Banking School an der Universität von Washington im Jahr 2000.

Positive
  • Appointment of Terri L. Degner to the Board of Directors, bringing extensive banking experience
  • Degner's in-depth knowledge of FS Bancorp and 1st Security Bank of Washington
  • Degner's strong educational background in accounting and banking
Negative
  • None.

MOUNTLAKE TERRACE, Wash., Oct. 01, 2024 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ:FSBW) (the “Company”), the holding company for 1st Security Bank of Washington (the “Bank”), today announced that Terri L. Degner has been appointed to the Board of Directors of the Company.

The Company’s Nominating & ESG Committee proposed, and the Board of Directors ratified and approved, the appointment of Ms. Degner to the Board of Directors. Her appointment to the Board of Directors was effective September 30, 2024.

“We are pleased to welcome Terri to our Board of Directors,” said Joe Adams, Chief Executive Officer. “Her extensive banking background coupled with her in depth knowledge of the Bank and Company will add tremendous value to the Board.”   

Ms. Degner was the Executive Vice President, Chief Financial Officer, Treasurer at Anchor Bank until they were acquired by 1st Security Bank in November 2018. She continued to work with the Bank as a Consultant working on the Anchor transition as well as other projects. Ms. Degner graduated cum laude from St. Martins College in 1998 with the Bachelor of Arts Degree in Accounting. In 2000 she graduated with honors from Pacific Coast Banking School at the University of Washington.

About FS Bancorp

FS Bancorp, Inc., a Washington corporation, is the holding company for 1st Security Bank of Washington. The Bank provides loan and deposit services to customers who are predominantly small- and middle-market businesses and individuals in Washington and Oregon through its 27 bank branches, 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 predominately in Washington State including the Puget Sound, Tri-Cities and Vancouver home lending markets.

Forward Looking Statements:

When used in this press release and in other documents filed with or furnished to the Securities and Exchange Commission (the “SEC”), in press releases or other public stockholder communications, or in oral statements made with the approval of an authorized executive officer, the words or phrases “believe,” “will,” “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimate,” “project,” “plans,” or similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements are not historical facts but instead represent management's current expectations and forecasts regarding future events many of which are inherently uncertain and outside of our control. Actual results may differ, possibly materially from those currently expected or projected in these forward-looking statements. Factors that could cause our actual results to differ materially from those described in the forward-looking statements, include, but are not limited to, the following: increased competitive pressures; changes in the interest rate environment; 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 Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission – that are available on our website at www.fsbwa.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 are based upon management's beliefs and assumptions at the time they are made and may turn out to be wrong because of the inaccurate assumptions we might make, because of the factors illustrated above or because of other factors that we cannot foresee. 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 2024 and beyond to differ materially from those expressed in any forward-looking statements made by, or on behalf of, us and could negatively affect our operating and stock performance.

  
Contacts:  
Joseph C. Adams, 
Chief Executive Officer 
Matthew D. Mullet, 
President and Chief Financial Officer 
(425) 771-5299 
www.FSBWA.com 


FAQ

When was Terri L. Degner appointed to FS Bancorp's (FSBW) Board of Directors?

Terri L. Degner was appointed to FS Bancorp's (FSBW) Board of Directors effective September 30, 2024.

What was Terri L. Degner's previous role before joining FS Bancorp's (FSBW) Board?

Before joining FS Bancorp's Board, Terri L. Degner was the Executive Vice President, Chief Financial Officer, and Treasurer at Anchor Bank until its acquisition by 1st Security Bank in November 2018.

What educational qualifications does Terri L. Degner bring to FS Bancorp's (FSBW) Board?

Terri L. Degner graduated cum laude from St. Martins College in 1998 with a Bachelor of Arts Degree in Accounting and graduated with honors from Pacific Coast Banking School at the University of Washington in 2000.

How did FS Bancorp (FSBW) select Terri L. Degner for the Board position?

Terri L. Degner was proposed by FS Bancorp's Nominating & ESG Committee and her appointment was ratified and approved by the Board of Directors.

FS Bancorp, Inc.

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Banks - Regional
Savings Institutions, Not Federally Chartered
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United States of America
MOUNTLAKE TERRACE