World News: 21:15 GMT Tuesday 3rd December 2019. [First Financial Northwest, Inc. via Globe Newswire via SPi World News]
RENTON, Wash., Dec. 03, 2019 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the “Company”) (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the “Bank”), today announced that the Company’s Nominating and Corporate Governance Committee proposed, and the Board of Directors approved, the appointment of Ralph C. Sabin to the Board of Directors of the Company effective December 1, 2019. Mr. Sabin will serve until the next annual meeting of shareholders. Mr. Sabin is expected to also be appointed to the Board of Directors of the Bank and the Company’s non-financial institution subsidiary, First Financial Diversified Corporation (“FFD”) at their respective meetings to be held later in December.
“We are pleased to welcome Mr. Sabin to our Board of Directors,” said Joseph W. Kiley III, President and Chief Executive Officer. “As a private investor, he has helped emerging companies organize, develop strategy, raise capital, attract talented managers, customers and strategic relationships. His extensive background as a former partner of a major accounting firm and as a venture capital investor and board member advising early stage and growth equity companies in the healthcare sector will be a great asset to the Company, the Bank, and FFD.”
Mr. Sabin is a Senior Advisor to the Strategic Investment Team of Echo Health Ventures (a health care venture capital organization) and its predecessor Cambia Direct Health Solutions, since 2014, and represents Echo Health Ventures on the boards of several of its portfolio companies. From 2012 to 2015, Mr. Sabin was Managing Director, Fortis Advisors LLC (an outsource shareholder representative firm providing post-closing management services to sellers in M&A transactions). Mr. Sabin is a co-founder and managing director of the Pacific Venture Group (PVG), a venture capital fund dedicated to early stage and growth equity healthcare investments since 1995. During his tenure he has represented PVG on the board of directors and audit committees of 15 PVG portfolio companies. Previously, Mr. Sabin was Senior Vice President and Chief Financial Officer of Sonus Pharmaceuticals from 1994 to 1995. Prior to that, Mr. Sabin completed a 20-year career with Ernst & Young LLP as a Senior Partner, responsible for the firm’s West Region Entrepreneurial Services Group. Mr. Sabin is a Certified Public Accountant (inactive) and received a Bachelor of Science degree in Accounting from Loyola Marymount University of Los Angeles. He completed the Kellogg Executive Management Program at Northwestern University. Mr. Sabin is active in community organizations and currently is a Board Member of Centrum, an arts-based educational workshop and performance program based in Port Townsend, Washington, and has participated in the Life Science Washington Mentor program.
First Financial Northwest, Inc. is the parent company of First Financial Northwest Bank, an FDIC insured Washington State-chartered commercial bank headquartered in Renton, Washington, serving the Puget Sound Region through 12 full-service banking offices. We are a part of the ABA NASDAQ Community Bank Index and the Russell 2000 Index. For additional information about us, please visit our website at and click on the “Investor Relations” link at the bottom of the page.
For more information, contact:Joseph W. Kiley III, President and Chief Executive OfficerRich Jacobson, Executive Vice President and Chief Financial Officer(425) 255-4400
Globe Newswire: 21:15 GMT Tuesday 3rd December 2019
SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.