FS Bancorp, Inc. Welcomes New Board Member
FS Bancorp, Inc. (NASDAQ: FSBW), the financial institution behind 1st Security Bank of Washington, is proud to announce the addition of Terri L. Degner to its Board of Directors. This significant appointment reflects the Company's commitment to bringing on board individuals with robust industry experience.
The Appointment of Terri L. Degner
The Board of Directors, alongside the Nominating & ESG Committee, ratified Ms. Degner's appointment following comprehensive deliberation. Joe Adams, Chief Executive Officer, expressed enthusiasm about welcoming Ms. Degner, noting her wealth of banking expertise and her thorough understanding of the Company's operations.
Ms. Degner's Professional Background
Before joining FS Bancorp, Ms. Degner served as the Executive Vice President, Chief Financial Officer, and Treasurer at Anchor Bank. Her tenure there lasted until the acquisition by 1st Security Bank in November 2018. Following the acquisition, she remained with the Bank in a consultancy capacity, providing invaluable insights during the transition but also contributing to various other projects. Ms. Degner's educational qualifications are impressive; she graduated cum laude with a Bachelor of Arts Degree in Accounting from St. Martins College in 1998 and later earned honors from the Pacific Coast Banking School at the University of Washington in 2000.
About FS Bancorp, Inc.
FS Bancorp, Inc. operates as the holding company for 1st Security Bank of Washington. With operations extending across Washington and Oregon, the Bank is dedicated to serving small and medium market businesses alongside individual customers. Their network includes 27 branches, a loan production office, and a headquarters office that manage both deposits and loans. FS Bancorp places a strong emphasis on home mortgage services, catering primarily to clients in Washington State, particularly in the Puget Sound, Tri-Cities, and Vancouver regions.
The Ongoing Commitment to Community
With the addition of Ms. Degner, FS Bancorp continues its commitment to bolstering its leadership team with individuals who embody the values and goals of the Bank. The impact of her extensive experience in the banking sector is anticipated to be significant, ensuring that the Company meets its objectives while catering to customer needs effectively.
Frequently Asked Questions
Who is Terri L. Degner?
Terri L. Degner is the newly appointed member of the Board of Directors for FS Bancorp, Inc., bringing extensive banking experience to the role.
What is FS Bancorp, Inc.?
FS Bancorp, Inc. is the holding company for 1st Security Bank of Washington, focusing on banking services for small and medium-sized businesses and individuals.
What was Terri Degner's role prior to joining FS Bancorp?
Before her appointment, Ms. Degner served as the Executive Vice President, Chief Financial Officer, and Treasurer for Anchor Bank.
Where does FS Bancorp operate?
FS Bancorp operates mainly in Washington and Oregon, providing a range of banking services to its clientele.
What is the significance of this appointment?
Ms. Degner's appointment to the Board of Directors signifies FS Bancorp's dedication to enhancing its leadership with experienced professionals to drive growth and community service.
