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First Financial Northwest ( (FFNW) ) just unveiled an update.
On March 26, 2025, First Financial Northwest Bank’s Board of Directors approved amendments to the supplemental executive retirement plans (SERPs) for its executives, Joseph W. Kiley III and Richard P. Jacobson, in preparation for a pending asset sale. These amendments allow for the termination and liquidation of the SERPs, with annuity contracts distributed to the executives. Additionally, employment and severance agreements for several executives, including Kiley and Jacobson, are being terminated, with lump sum payments provided in exchange.
More about First Financial Northwest
First Financial Northwest Bank is a wholly owned subsidiary of First Financial Northwest, Inc. The company operates in the financial services industry, focusing on banking services.
YTD Price Performance: 5.93%
Average Trading Volume: 36,643
Technical Sentiment Signal: Sell
Current Market Cap: $209.2M
See more data about FFNW stock on TipRanks’ Stock Analysis page.