First Northwest Bancorp Secures CEO with New Agreement

First Northwest Bancorp ( (FNWB) ) has provided an update.

First Northwest Bancorp, through its subsidiary First Fed Bank, has announced a new employment agreement with its President and CEO, Matthew P. Deines. Under this agreement, Mr. Deines will continue in his role with a base salary of $515,000 and will be eligible for bonuses and equity awards. The agreement includes clauses that prevent Mr. Deines from soliciting employees or customers for a year after his employment ends and from competing within the company’s territory. This agreement provides stability in leadership for First Northwest, potentially strengthening its market position and ensuring continuity in strategic initiatives.

More about First Northwest Bancorp

YTD Price Performance: -30.78%

Average Trading Volume: 27,805

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $100.6M

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