Craig Curtis Resigns from First Northwest Bancorp's Boards

Craig Curtis Steps Down from First Northwest Bancorp Boards

First Northwest Bancorp (NASDAQ: FNWB) recently announced that Craig Curtis has resigned from its Boards of Directors, effective immediately. This decision marks the end of a notable chapter in his professional journey with the Company, where he has been a significant player for many years.

Gratitude for Years of Service

In a statement that resonated with appreciation, Cindy Finnie, Board Chair of First Northwest Bancorp and First Fed, expressed gratitude for Curtis's commitment over his tenure. "We thank Craig for his many years of service and wish him all the best in his future endeavors,” she said, underlining the impact he had during his time on the Boards.

Achievements During His Tenure

Curtis leaves behind a legacy of significant contributions, having served on the First Fed Board for a decade and been a vital part of the FNWB Board for nine years. He was Chair of both the Nominating and Corporate Governance Committee and the First Fed Board Loan Committee. Reflecting on his time, Curtis noted, “I am grateful for the opportunity to serve on the Boards and contribute to the Company’s vision and growth over the past ten years. During my tenure, I've witnessed remarkable growth and evolution.”

A Vision for the Future

In his resignation, he emphasized the importance of having a Board that evolves alongside the institution. Curtis mentioned that his decision stems from a desire to ensure that only the most qualified candidates contribute to the Company's future. This mindset reflects his commitment to adding value wherever possible.

Continuing Growth and Evolution

The Boards of Directors at First Northwest Bancorp are currently engaged in active recruitment to find a new candidate who can bring diverse skills and experiences to the table. The Nominating and Corporate Governance Committee is assessing whether adding a new Board member is in the best interest of the Bank at this stage of its evolution.

About First Northwest Bancorp

First Northwest Bancorp serves an essential role as a financial holding company engaged in various investment activities, primarily through its subsidiary, First Fed Bank. Established in 1923, First Fed Bank has consistently prioritized service to its small business clientele and communities.

With 17 locations throughout Washington, including 12 full-service branches, First Fed focuses on delivering a broad array of financial products to individuals and businesses alike. The institution's strategy is centered around sustainable earnings through strategic partnerships with fintech companies, thereby enhancing its digital service offerings.

In recent years, First Northwest Bancorp has taken significant steps forward. The Company made a minority investment in Meriwether Group, expanding its reach into boutique investment banking and accelerator ventures. Since its incorporation in 2012 and subsequent public offering in 2015, First Northwest Bancorp continues to innovate and adapt to the financial landscape.

Recognition and Community Involvement

First Fed Bank's community involvement has not gone unnoticed, receiving accolades like the Best Workplace designation by the Puget Sound Business Journal. The community has also recognized it as a top corporate philanthropist and a recipient of numerous banking awards, illustrating its commitment to exceptional service.

In addition, First Fed has won several awards, including the Best Bank in the Best of the Peninsula for Clallam County and recognition as a best-in-state bank by Forbes in 2021. This community-focused approach highlights the bank’s dedication to being a trusted financial partner.

Frequently Asked Questions

What led to Craig Curtis's resignation?

Craig Curtis resigned to make way for new Board candidates who can contribute more effectively to the evolving needs of First Northwest Bancorp.

What roles did Curtis hold during his tenure?

Curtis served as Chair of the Nominating and Corporate Governance Committee and the First Fed Board Loan Committee.

How long did Curtis serve on the Boards?

Craig Curtis served on the First Fed Board for ten years and on the FNWB Board for nine years.

What is First Northwest Bancorp's primary focus?

The Company emphasizes sustainable earnings through a wide range of financial products, with a focus on small businesses and strategic fintech partnerships.

What recent recognitions has First Fed Bank received?

First Fed Bank has been recognized as a Best Workplace and received multiple awards including Best Bank in the Best of the Northwest and a Forbes best-in-state bank award.

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