Diane Davis Appointed to Boards of First Fed and First Northwest Bancorp

Core Viewpoint - First Northwest Bancorp has appointed Diane C. Davis to its Board of Directors, which is expected to enhance the company's governance and strategic direction as it continues to grow and serve its communities [1][3][6]. Company Overview - First Northwest Bancorp (NASDAQ: FNWB) is a financial holding company that operates First Fed Bank, a financial institution based in the Pacific Northwest, serving customers since 1923 [7]. - First Fed Bank has 18 locations in Washington State, including 12 full-service branches, and focuses on sustainable earnings through a variety of financial products and services [7]. - The company has made strategic investments, including a 2022 investment in The Meriwether Group, LLC, and emphasizes partnerships for modern financial services [7]. Appointment of Diane C. Davis - Diane C. Davis brings over 25 years of leadership experience in the insurance industry, with a strong background in executive management, strategy, risk management, and corporate governance [2][4]. - Her previous roles include Chief Risk Officer and President at Farmers New World Life Insurance Company, and Regional Chief Risk Officer at Zurich Insurance Company Ltd., providing her with extensive risk oversight experience [4]. - Davis holds a Bachelor of Science in Actuarial Science and an MBA, and is a Fellow of the Society of Actuaries, indicating a strong educational background relevant to her board role [5]. Strategic Importance - The appointment of Davis is seen as a significant asset for First Fed Bank, aligning with the company's long-term goals of strong governance and sustainable growth [3][6]. - Davis expressed her commitment to supporting community banks, which play a crucial role in local economies, highlighting her alignment with the company's mission [3]. Recognition and Awards - First Fed Bank has been recognized as a Best Workplace and top Corporate Philanthropist by Puget Sound Business Journal in 2023 and 2024, indicating its strong community presence and employee satisfaction [8].