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, enhancing its governance and strategic capabilities as it aims for sustainable growth and community service [1][6]. Company Overview - First Northwest Bancorp (NASDAQ: FNWB) is a financial holding company that operates First Fed Bank, which has been serving the Pacific Northwest since 1923 [7]. - First Fed Bank currently has 18 locations in Washington State, including 12 full-service branches, and focuses on delivering a wide range of financial products and services [7]. - The company emphasizes building sustainable earnings and has made strategic investments, including a 2022 investment in The Meriwether Group, LLC [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. [4]. - Davis holds a Bachelor of Science in Actuarial Science and an MBA, and is a Fellow of the Society of Actuaries [5]. Strategic Importance - The appointment of Davis is seen as a significant asset for First Fed Bank, aligning with its long-term goals of risk oversight and governance [3][6]. - The company aims to strengthen its governance and ensure long-term financial security for its customers and communities through this appointment [6]. 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 [8]. - The bank also received awards for Best Bank and Best Lender in Clallam County in 2024 [8].