First Financial Northwest announces receipt of FDIC approcal for transaction

First Financial Northwest announced that they received the required regulatory approval from the Federal Deposit Insurance Corporation, FDIC, for Global Federal Credit Union to acquire substantially all of the assets and assume substantially all of the liabilities of the Bank, on the terms and subject to the conditions of the Purchase and Assumption Agreement, dated as of January 10, 2024, by and among the Company, the Bank and Global. The Company previously announced that the Bank had received approval from the Washington State Department of Financial Institutions. The Company shareholders approved the transaction at a special meeting of shareholders held on July 19, 2024.