First Northwest Bancorp and First Fed Announce the Retirement of Jennifer Zaccardo from Boards of Directors
July 09 2024 - 4:00PM
First Fed Bank and its holding company, First Northwest Bancorp
(NASDAQ: FNWB) (collectively the “Company”), announced the
retirement of Jennifer Zaccardo from the Company’s Boards of
Directors, effective July 02, 2024.
“On behalf of the Board of Directors we thank Jennifer for her
many years of valuable service, and we wish her the very best as
she enters retirement,” said Cindy Finnie, Board Chair of FNWB and
First Fed.
Zaccardo served on the First Fed Board for 13 years and the FNWB
Board for 9 years, bringing a wealth of knowledge and dedication to
the Company’s growth and success. She also recently served as Vice
Chair of both boards from June 2022 to June 2023.
Zaccardo expressed appreciation of her fellow board members,
stating, “It has been an honor to serve on the Board of such a
forward-thinking and community-focused institution. I am proud of
what we have achieved together and confident that First Fed will
continue to thrive and make a positive impact.”
Previously, Zaccardo served as the President and Treasurer at
Baker, Overby & Moore, Inc., a public accounting firm with
which she has been affiliated since 1983. Zaccardo is also a past
President and Treasurer of the Peninsula College Foundation Board
of Governors and served on the Quillayute Valley School Board of
Directors for 10 years. She is a member of both The American
Institute of Certified Public Accountants and the Washington
Society of Certified Public Accountants.
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 FNWB
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 18 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.
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. DeinesPresident & CEO360-457-0461
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a018799f-dd9f-4a09-87a0-9a12100b4a4e
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