First Financial Northwest, Inc, First Financial Northwest Bank and First Financial Diversified Corporation Announces Retirement of Gary F. Faull as Director
June 13, 2019 at 07:18 pm
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On June 12, 2019, First Financial Northwest, Inc. ("Company"), its financial institution subsidiary, First Financial Northwest Bank ("Bank"), and its non-financial institution subsidiary, First Financial Diversified Corporation ("FFD"), announced the retirement of Director Gary F. Faull from each of their Boards of Directors. Under a joint mandatory retirement policy of the Company, the Bank and FFD, which provides that no director shall serve after reaching 75 years of age, Mr. Faull reached the mandatory retirement age and retired effective as of the Company's Annual Meeting of Shareholders ("Annual Meeting") on June 12, 2019. Mr. Faull has served as a director of the Company since its formation in 2007 and has served as a director of the Bank and FFD since 1999. Mr. Faull also served as a member of the Board of Directors' Nominating and Corporate Governance Committee.
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 Announces Retirement of Gary F. Faull as Director