First Financial Northwest, Inc. (NASDAQ:FFNW) Files An 8-K Other Events
Item 8.01 Other Events.
owned subsidiary of First Financial Northwest entered into a
Purchase and Assumption Agreement (“Agreement”) for the
acquisition of deposits totaling approximately $102 million. The
acquisition includes the branch banking operations of a total of
four branches. The purchase of the branches is subject to
regulatory approval and the satisfaction of customary closing
conditions. 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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(d)
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Exhibits
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shall constitute the exhibit index:
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Exhibit No.
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Description
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99.1
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Press Release dated April 10, 2017.
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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. First Financial Northwest, Inc. (NASDAQ:FFNW) Recent Trading Information
First Financial Northwest, Inc. (NASDAQ:FFNW) closed its last trading session down -0.60 at 16.91 with 23,386 shares trading hands.
