Phillip Whittington Elevated to Chief Financial Officer
FS Bancorp, Inc. (NASDAQ: FSBW), the parent company of 1st Security Bank of Washington, has made a significant leadership change by promoting Phillip Whittington to the position of Chief Financial Officer. This change is effective starting May 1, 2025, ushering in a new chapter for the organization as it continues to adapt and evolve in the financial landscape.
Acknowledgment from the CEO
Joe Adams, the CEO of 1st Security Bank, expressed great enthusiasm over this appointment, highlighting, "We are delighted to announce Phil’s promotion to Chief Financial Officer. I am confident his knowledge of the Bank’s accounting, treasury management, and financial reporting requirements makes him the ideal person for this position." This remark showcases a strong sense of trust in Whittington’s abilities and insights into the banking industry.
Whittington's Professional Journey
For the past five years, Phillip Whittington has demonstrated his expertise as the Bank’s Controller, where he honed his skills in financial oversight and management.
Before his tenure with 1st Security Bank, he gained valuable experience as a manager at Elliott Davis, a well-respected accounting firm based in Columbia, South Carolina. His educational background supports his professional journey, holding a Bachelor of Science in Accounting from the College of Charleston and a Master of Accountancy from the University of South Carolina. Whittington is also a Certified Public Accountant, adding to the credibility of his financial acumen.
About 1st Security Bank of Washington
1st Security Bank proudly serves its community by providing a wide array of loan and deposit services tailored to meet the needs of small- and middle-market businesses as well as individual clients across Washington and Oregon. With a total of 27 branches strategically located throughout the region, the Bank is committed to both personal and commercial banking, ensuring that customer service remains a top priority.
Each location focuses on delivering efficient and friendly service, offering products such as loans, mortgages, and deposit services. Their reach allows them to effectively service home mortgage customers across the Northwest, especially in key areas like the Puget Sound region, the Tri-Cities, and Vancouver, Washington.
Looking Ahead
The promotion of Phillip Whittington is part of FS Bancorp's commitment to strengthening its leadership structure and enhancing operations to better serve its customers. As the banking industry continues to evolve, having a strong financial leader is crucial for navigating future challenges and opportunities.
The team at FS Bancorp is keenly focused on growth and stability, ensuring they remain a competitive player in the banking sector while fostering financial literacy and support for their customer base.
Contact Information
For further inquiries, please reach out to:
Joseph C. Adams
Chief Executive Officer
Matthew D. Mullet
President
(425) 771-5299
Website: www.FSBWA.com
Frequently Asked Questions
Who has been promoted to Chief Financial Officer at FS Bancorp?
Phillip Whittington has been promoted to Chief Financial Officer effective May 1, 2025.
What roles has Phillip Whittington held prior to his new position?
Phillip Whittington served as the Controller at 1st Security Bank since January 2020.
What is the primary focus of 1st Security Bank?
1st Security Bank focuses on providing loan and deposit services to small- and middle-market businesses and individuals.
Who is the CEO of 1st Security Bank?
Joe Adams is the Chief Executive Officer of 1st Security Bank.
How many branches does 1st Security Bank have?
1st Security Bank operates a total of 27 branches across Washington and Oregon.
