Lynn Terwoerds Appointed to First Fed Board
25 Enero 2023 - 9:00AM
First Fed Bank, subsidiary of First Northwest Bancorp (NASDAQ:
FNWB), announced today that Lynn Terwoerds has been appointed to
the Board of Directors.
"Lynn is a trusted leader and strategist with extensive
experience in cybersecurity for Fortune Global 500 companies. She
is adept at optimizing the connections between people, process, and
technology. Lynn will be an outstanding addition to our board,”
said Matt Deines, President and CEO of First Fed Bank and
FNWB.
“First Fed is committed to delivering excellence to their
customers, communities, and growing number of fintech partners. I
am excited to contribute my technology leadership experience to
their journey,” said Terwoerds.
Lynn Terwoerds has over 24 years of experience as a technology
thought leader and cybersecurity strategist for global companies
including Microsoft, Barclays PLC, and Oracle. Her experience
ranges from running global security incident response to developing
long-term security strategy for critical infrastructure, which
required top secret clearance. She has held leadership positions in
multiple industries including healthcare and financial
services.
Ms. Terwoerds is a member of the National Association of
Corporate Directors and holds NACD Directorship Certification™.
Additionally, Ms. Terwoerds is Board President of the Northwest
Maritime Center and on the Advisory Board of the Executive Women’s
Forum. She previously served on the Board of Directors for the
National Women’s Sailing Foundation which is dedicated to enriching
the lives of women and girls through education and access to
sailing.
About FNWB
First Northwest Bancorp (Nasdaq: FNWB) is a financial holding
company engaged in investment activities including the business
activity of its subsidiary, First Fed Bank, along with other
fintech partnerships. First Fed is a small business-focused
financial institution which has served its customers and
communities since 1923. Currently First Fed has 16 locations in
Washington state including 12 full-service branches. First Fed’s
business and operating strategy is focused on building sustainable
earnings by delivering a full array of financial products and
services for individuals, small business, and commercial customers.
Additionally, First Fed focuses on strategic partnerships with
financial technology (“fintech”) companies to develop and deploy
digitally focused financial solutions to meet customers’ needs on a
broader scale. FNWB also invests in fintech companies directly as
well as through select venture capital partners. In 2022, the
Company made a minority investment in Meriwether Group, a boutique
investment banking and accelerator firm. In 2021, the Company
entered a joint venture to found Quin Ventures, Inc., a fintech
focused on financial wellness and lifestyle protection for
consumers nationwide. Other fintech partnership initiatives include
banking-as-a-service, digital payments and marketplace lending.
First Northwest Bancorp was incorporated in 2012. The Company
completed its initial public offering in 2015 under the ticker
symbol FNWB and is headquartered in Port Angeles, Washington.
First Fed Bank has been recognized by Puget Sound Business
Journal as a best workplace, middle market fast 50, and top
corporate philanthropist in 2022. By popular vote, First Fed
received 2022 awards for Best Bank in the Best of the Northwest,
Best Bank in Best of the Peninsula (Clallam and Jefferson), and
Best Financial Advisor in Jefferson County. Also, the community
bank received a best-in-state bank award from Forbes in 2021. First
Fed is a Member FDIC and equal housing lender.
Forward Looking Statements
Certain matters discussed in this press release may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements relate to, among other things, expectations of the
business environment in which we operate, projections of future
performance, perceived opportunities in the market, potential
future credit experience, and statements regarding our mission and
vision. These forward-looking statements are based upon current
management expectations and may, therefore, involve risks and
uncertainties. Our actual results, performance, or achievements may
differ materially from those suggested, expressed, or implied by
forward-looking statements as a result of a wide variety or range
of factors including, but not limited to: increased competitive
pressures; changes in the interest rate environment; the credit
risks of lending activities; changes in general economic conditions
and conditions within the securities markets; legislative and
regulatory changes; and other factors described in the Company’s
latest Annual Report on Form 10-K and other filings with the
Securities and Exchange Commission ("SEC")-which are available on
our website at www.ourfirstfed.com and on the SEC’s
website at www.sec.gov.
Contact:Matthew P. DeinesPresident & CEO360-457-0461
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/16f1a626-961e-4092-bf69-68591797db60
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