First Financial Northwest, Inc.
Search documents
First Financial Northwest, Inc. Announces Declaration of Initial Liquidating Distribution; Stock Transfer Books Closed
Newsfilter· 2025-04-21 20:10
Core Points - First Financial Northwest, Inc. has declared an initial liquidating distribution of $22.00 per share, totaling approximately $203 million, which represents about 95% of the expected proceeds to be distributed [1] - The initial distribution will be payable on April 30, 2025, to shareholders of record as of April 23, 2025 [1] - The company has closed its stock transfer books and filed a Form 25 with the SEC for delisting its common stock from the Nasdaq Capital Market [1] - A final cash distribution to shareholders is planned after the company completes its wind-down and settles its debts, with estimated total distributions ranging from $23.06 to $23.34 per share [2] Company Overview - First Financial Northwest, Inc. is the former parent company of First Financial Northwest Bank, a commercial bank based in Renton, Washington [3]
First Financial Northwest, Inc. Announces Declaration of Initial Liquidating Distribution; Stock Transfer Books Closed
GlobeNewswire News Room· 2025-04-21 20:10
分组1 - The Company has declared an initial liquidating distribution of $22.00 per share, totaling approximately $203 million, which represents about 95% of the anticipated proceeds to be distributed [1] - The initial distribution will be payable on April 30, 2025, to shareholders of record as of April 23, 2025 [1] - The Company has closed its stock transfer books and filed a Form 25 with the SEC for delisting its common stock from the Nasdaq Capital Market [1] 分组2 - The Company plans to make a final cash distribution to shareholders after settling debts and obligations, with estimated total distributions ranging from $23.06 to $23.34 per share [2] - The timeline for the final liquidating distribution is currently undetermined [2] - Computershare is acting as the paying agent for the liquidating distributions [2] 分组3 - First Financial Northwest, Inc. is the former parent company of First Financial Northwest Bank, a commercial bank based in Renton, Washington [3]
First Financial Northwest, Inc. Announces Closing of Acquisition of First Financial Northwest Bank by Global Federal Credit Union
Newsfilter· 2025-04-11 21:10
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]