World News: 14:00 GMT Tuesday 14th January 2020. [First Northwest Bancorp via Globe Newswire via SPi World News]
PORT ANGELES, Wash., Jan. 14, 2020 (GLOBE NEWSWIRE) -- First Northwest Bancorp (NASDAQ: FNWB) (“Company”), the holding company for First Federal Savings and Loan Association of Port Angeles (“First Federal”), today announced that Jay Johnston and David Sharon joined First Federal’s management team as Commercial Relationship Managers. Both will play an integral role in supporting the strategic direction of our franchise.
“Jay Johnston brings more than 15 years of in-depth experience in C&I and commercial real estate lending, and we are delighted to have him join our team,” said Terry Anderson, EVP/Chief Credit Officer. “Jay is a proven top producer in his field and will be based out of our Bellingham office.” Johnston previously served as Vice President, Commercial Bank Officer at Bank of the Pacific and was one of their top producers. He holds a B.A. in Economics/Political Science from Western Washington University – Cum Laude.
“David Sharon joins us with over 20 years of banking experience, specializing in commercial real estate and construction lending. I have had the pleasure of working with David for nearly 10 years and welcome him to our team,” said Matt Deines, President & CEO. “David produced the highest volume of commercial loans at Sound Community Bank and was directly responsible for building a commercial loan portfolio that grew to $330 million through September 2019, from $47 million in June 2008, while maintaining excellent credit quality. David will work from our Seattle Lending Center and will lead our continued commercial loan growth in King County.” Sharon holds a B.A. in Industrial Management from Oregon Institute of Technology.
First Northwest Bancorp, a Washington corporation, is the bank holding company for First Federal Savings and Loan Association of Port Angeles. First Federal is a Washington state-chartered mutual savings bank primarily serving communities in Western Washington State with thirteen banking locations - eight located within Clallam and Jefferson counties, two in Kitsap County, two in Whatcom County, and a home lending center in King County.
Contact: Matt DeinesPresident & CEO(360) 457-0461
Globe Newswire: 14:00 GMT Tuesday 14th January 2020
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