First Financial Northwest, Inc., First Financial Northwest Bank and First Financial Diversified Corporation Appoint Richard M. Riccobono as New Director
November 18, 2016 at 02:15 pm
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First Financial Northwest, Inc., the holding company for First Financial Northwest Bank (Bank), announced that Mr. Richard M. Riccobono has been appointed to the Boards of Directors of the Company and the Bank. In addition, Mr. Riccobono has also been appointed to the Board of Directors of the Company’s non-financial institution subsidiary, First Financial Diversified Corporation. The Company’s Nominating and Corporate Governance Committee proposed, and the Board of Directors ratified and approved, the appointment of Mr. Riccobono to the Board of Directors. The appointment of Mr. Riccobono to the Company’s Board of Directors is effective November 17, 2016. Formerly President and Chief Executive Officer of the Federal Home Loan Bank of Seattle and the Deputy Director of the Office of Thrift Supervision, U.S. Department of the Treasury, he most recently served as the Director of Banks for the Washington State Department of Financial Institutions. As the Director of Banks, Mr. Riccobono served under the current and former Governor of the State of Washington taking responsibility for the regulation of all Washington state-chartered banks and trust companies at the height of the financial crisis.
First Financial Northwest, Inc. is the holding company for First Financial Northwest Bank (the Bank). The Bank focuses on its lending activities primarily on loans secured by commercial real estate, construction/land, first mortgages on one-to-four family residences, multifamily, and business lending. It offers secured consumer loans, including savings account loans, auto loans and home equity loans that include lines of credit and second mortgage term loans. It originates construction/land loans primarily to residential builders for the construction of single-family residences, condominiums, townhouses, multifamily properties and residential developments located in its market area. Its land development loans are generally made to builders for preparation of a building site. Its investment portfolio consists of mortgage-backed securities, municipal bonds, United States government agency obligations, and corporate bonds. It serves King, Snohomish, Pierce and Kitsap counties, Washington.
First Financial Northwest, Inc., First Financial Northwest Bank and First Financial Diversified Corporation Appoint Richard M. Riccobono as New Director
FIRST FINANCIAL NORTHWEST, INC. 
