Group 1 - First Financial Northwest, Inc. has completed the transaction where Global Federal Credit Union acquired substantially all assets and liabilities of First Financial Northwest Bank, receiving $228.7 million in cash [1] - The company intends to delist its common stock from the Nasdaq Stock Market effective April 21, 2025, after which shareholders will be unable to transfer their shares [2] - The company plans to distribute its remaining assets to shareholders in two or more distributions, with an initial distribution expected around April 30, 2025 [3][4] Group 2 - Following the distributions, the company expects to dissolve in accordance with Washington law [4] - Prior to the transaction, First Financial Northwest, Inc. was the parent company of First Financial Northwest Bank, a commercial bank based in Renton, Washington [5]
First Financial Northwest, Inc. Announces Closing of Acquisition of First Financial Northwest Bank by Global Federal Credit Union