FS Bancorp(US:FSBW) Globenewswireยท2025-08-15 15:30Core Points - FS Bancorp, Inc. has announced the appointment of Matthew D. Mullet as President and CEO of 1st Security Bank, effective September 1, 2025, succeeding Joseph C. Adams, who will retire from the position after serving since 2004 [1][2] - Joe Adams will continue to serve as CEO of FS Bancorp, Inc., a role he has held since 2012, until May 2026 [1][2] - The succession plan has been carefully planned by the Board, with confidence expressed in Matt Mullet's leadership skills and extensive experience in the banking sector [3] Company Overview - FS Bancorp, Inc. is the holding company for 1st Security Bank of Washington, which provides a range of loan and deposit services primarily to small- and middle-market businesses and individuals in Washington and Oregon [4] - The Bank operates through 27 branches and offers services in various suburban communities, focusing on markets in the greater Puget Sound area, Tri-Cities, and Vancouver [4]