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📢 Press Releases
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2025-04-21 16:10:00 | First Financial Northwest, Inc. Announces Declaration Of Initial Liquidating Distribution; stock Transfer Books Closed Renton, wash., april 21, 2025 (globe newswire) -- first financial northwest, inc. (nasdaq gs: ffnw) (the “company”) today announced that its board of directors has declared an initial liquidating distribution pursuant to its previously announced plan of dissolution in the amount of $22.00 per share, or approximately $203 million, representing approximately 95% of the anticipated proceeds to ultimately be distributed. the initial liquidating distribution will be payable on april 30, 2025, to shareholders of record as of april 23, 2025. the company also announced that it has closed its stock transfer books and has filed a form 25 with the securities and exchange commission (the “sec”) with respect to delisting the company’s common stock from trading on the nasdaq capital market. the company expects to file form 15 with the sec on or about may 1 in order to suspend its periodic reporting obligations under the securities exchange act of 1934. |
2025-04-11 17:10:00 | First Financial Northwest, Inc. Announces Closing Of Acquisition Of First Financial Northwest Bank By Global Federal Credit Union Renton, wash., april 11, 2025 (globe newswire) -- first financial northwest, inc. (nasdaq gs: ffnw) (the “company”), the former holding company of first financial northwest bank (the “bank”), today announced the closing, effective april 11, 2025, of the previously announced transaction whereby global federal credit union (“global”), headquartered in anchorage, alaska, acquired substantially all of the assets and assumed substantially all of the liabilities (including deposit liabilities) of first financial northwest bank. in connection with the closing of the transaction, the company received $228.7 million in cash pursuant to the purchase and assumption agreement by and among the company, global and the bank, dated january 10, 2024. |
2025-03-14 17:35:00 | Global Federal Credit Union And First Financial Northwest, Inc. Announce Expected Closing Date For Transaction Anchorage, alaska and renton, wash., march 14, 2025 (globe newswire) -- global federal credit union (“global”) and first financial northwest, inc. (the “company”) (nasdaq gs: ffnw), the holding company for first financial northwest bank (the “bank”), jointly announced today they have set the expected closing date for global’s acquisition of substantially all of the assets and assumption of substantially all of the liabilities (including deposit liabilities) of the bank (the “asset sale”), on the terms and subject to the conditions of the purchase and assumption agreement, dated as of january 10, 2024, by and among the company, the bank and global (the “agreement”). the asset sale is expected to be completed on april 11, 2025, subject to the satisfaction or waiver of the remaining closing conditions set forth in the agreement. |
2025-03-12 16:10:00 | Global Credit Union And First Financial Northwest, Inc. Announce Receipt Of Final Regulatory Approval For Transaction Anchorage, alaska and renton, wash., march 12, 2025 (globe newswire) -- global federal credit union (“global”) and first financial northwest, inc. (the “company”) (nasdaq gs: ffnw), the holding company for first financial northwest bank (the “bank”), jointly announced today that global received the required regulatory approval from the national credit union administration (“ncua”) for its acquisition of substantially all of the assets and assumption of substantially all of the liabilities (including deposit liabilities) of the bank (the “asset sale”), on the terms and subject to the conditions of the purchase and assumption agreement, dated as of january 10, 2024, by and among the company, the bank and global (the “agreement”). the bank previously received and has maintained approvals from the federal deposit insurance corporation and washington state department of financial institutions. |
2025-01-28 09:10:00 | First Financial Northwest, Inc. Reports net Income Of $1.2 million Or $0.13 Per Diluted Share For The Fourth Quarter and $1.1 million Or $0.12 Per Diluted Share For The Year Ended December 31, 2024 Renton, wash., jan. 28, 2025 (globe newswire) -- first financial northwest, inc. (the “company”) (nasdaq gs: ffnw), the holding company for first financial northwest bank (the “bank”), today reported net income for the quarter ended december 31, 2024, of $1.2 million, or $0.13 per diluted share, compared to a net loss of $608,000, or $(0.07) per diluted share, for the quarter ended september 30, 2024, and net income of $1.2 million, or $0.13 per diluted share, for the quarter ended december 31, 2023. for the twelve months ended december 31, 2024, the company reported net income of $1.1 million, or $0.12 per diluted share, compared to net income of $6.3 million, or $0.69 per diluted share, for the year ended december 31, 2023. |
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