First Financial Northwest, Inc. (NASDAQ:FFNW) Files An 8-K Other EventsItem 9.01 Other Events.
On August 28, 2017, First Financial Northwest Bank (the "Bank"), the wholly owned subsidiary of First Financial Northwest, Inc. (the "Company") issued a press release announcing that the Bank completed its previously announced acquisition of four branch locations from Opus Bank. The four branch offices are located in the communities of Smokey Point, Lake Stevens, Clearview and Woodinville, Washington. In connection with the purchase, First Financial Northwest Bank acquired approximately $75 million in customer deposits. The Bank did not acquire any loans as part of the transaction.
A copy of the press release describing this transaction is attached to this filing as Exhibit 99.1 and is incorporated herein by reference.
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Item 9.01 |
Financial Statements and Exhibits. |
The following exhibit is being furnished herewith and this list shall constitute the exhibit index:
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Description |
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99.1 |
Press Release dated August 28, 2017. |
First Financial Northwest, Inc. ExhibitEX-99.1 2 ex99182517.htm EXHIBIT 99.1 Exhibit 99.1 For more information,…To view the full exhibit click here
About First Financial Northwest, Inc. (NASDAQ:FFNW)
First Financial Northwest, Inc. (First Financial Northwest) is a holding company for First Financial Northwest Bank (the Bank). The Bank primarily serves the greater Puget Sound region of King and to a lesser extent, Pierce, Snohomish and Kitsap Counties, Washington through its full-service banking office located in Renton, Washington and branch office in Mill Creek, Washington. The Bank’s business consists of attracting deposits from the public and utilizing these funds to originate one- to four-family residential, multifamily, commercial real estate, construction/land development, business and consumer loans. It focuses on its lending activities primarily on loans secured by commercial real estate, construction/land development, first mortgages on one- to four-family residences, multifamily and business lending. Its investment portfolio consisted principally of mortgage-backed securities, municipal bonds, the United States Government Agency obligations and corporate bonds.
