First Financial Northwest, Inc. Announces Final Cash Liquidation Distribution

Rhea-AI Summary

First Financial Northwest (NASDAQ:FFNW) declared a final cash liquidation distribution of $1.30 per share payable on December 12, 2025 to shareholders of record as of April 23, 2025. Combined with the prior $22.00 initial distribution paid April 30, 2025, total cash returned will be $23.30 per share, approximately $215 million, completing payments under the company’s Plan of Dissolution.

Shareholders holding physical stock certificates must convert them to book-entry accounts to receive payment. Computershare/Georgeson will assist in locating unpaid holders. Distributions will be reported on Form 1099-DIV for 2025; U.S. holders generally recognize capital gain or loss equal to cash received minus tax basis.

Positive

• Final cash distribution of $1.30 per share payable Dec 12, 2025
• Total cash returned of $23.30 per share (≈$215 million)
• Payments complete under the company’s Plan of Dissolution

Negative

• Shareholders with physical certificates must convert to book-entry to receive payment
• Distributions will be reported on Form 1099-DIV, potentially triggering taxable capital gain or loss

Insights

Liquidation analyst

Final cash liquidation completes the Plan of Dissolution with a total payout of $23.30 per share, payable December 12, 2025.

First Financial Northwest, Inc. declared a final cash distribution of $1.30 per share, bringing total cash returned to shareholders to $23.30 per share, or approximately $215 million. The payment will be made on December 12, 2025 to holders of record as of April 23, 2025. The company states these distributions represent all payments under its Plan of Dissolution.

The mechanics and dependencies are straightforward: shareholders in book-entry accounts at the transfer agent will receive mailed checks or direct deposits; brokers will credit their nominee accounts; holders of physical certificates must convert them to book-entry to receive payment. The distribution will be reported on Form 1099-DIV for tax year 2025, and U.S. holders will recognize gain or loss equal to cash received less their adjusted tax basis.

Practical items to watch before December 12, 2025 include completion of certificate-to-book-entry conversions, confirmation of delivery method (check versus direct deposit), and receipt timing through brokers or Computershare. Contact Georgeson LLC for outstanding communications. Consult a tax advisor for individual tax treatment and timing of any required reporting.

RENTON, Wash., Nov. 24, 2025 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (CUSIP 32022K102) (the “Company”) today announced that its Board of Directors has declared a final cash liquidation distribution in the amount of $1.30 per share pursuant to its previously announced Plan of Dissolution. The final cash liquidation distribution will be payable on December 12, 2025, to shareholders of record as of April 23, 2025, which was the record date set for the initial and all subsequent cash liquidation distributions.

The Company previously declared an initial cash liquidation distribution of $22.00 per share payable on April 30, 2025. Including the final cash liquidation distribution to be paid on December 12, 2025, the Company will have paid a total of $23.30 per share, or approximately $215 million, in accordance with its Plan of Dissolution. These distributions to the shareholders pursuant to this Plan of Dissolution represent all payments to be made to shareholders under the Plan.

As a condition to receiving payment of the cash liquidation distributions, shareholders holding physical stock certificates are required to convert their stock certificates to book-entry accounts. The Company has retained Georgeson LLC, an affiliate of the Company’s stock transfer agent, Computershare, to assist in locating shareholders who have not responded to previous communications. Shareholders may contact Georgeson with questions about their shares or cash liquidation distributions:

Georgeson LLC
150 Royal Street, Suite 101
Canton, MA 02021
Tel: (866) 219-9661
Website: Georgesonclaims.com

Shareholders who hold shares in book entry accounts at Computershare will receive mailed checks or direct deposits in the amount of their cash liquidation distribution. Shareholders who hold shares through a broker or other DTC registered nominee will receive their cash distribution through their account at such broker or other nominee.

The cash liquidation distributions to Company shareholders will be reported on Form 1099-DIV for tax year 2025. U.S. shareholders will generally recognize gain or loss in an amount equal to the difference between the amount of cash received and such U.S. holder’s adjusted tax basis in its Company common stock. The gain or loss generally will be capital gain or loss, and long-term capital gain or loss if the U.S. holder’s holding period with respect to Company common stock exceeds one year. Long-term capital gains of non-corporate U.S. holders generally are subject to U.S. federal income tax at preferential rates. The deductibility of capital losses is subject to limitations.

This discussion of certain material U.S. federal income tax consequences is for general information only and is not intended to be tax advice. Holders of Company common stock are urged to consult their independent tax advisors with respect to the application of U.S. federal income tax laws to their particular situations as well as any tax consequences arising under the U.S. federal estate or gift tax rules, or under the laws of any state, local, foreign or other taxing jurisdiction or under any applicable tax treaty.

About First Financial Northwest, Inc.
First Financial Northwest, Inc. (CUSIP 32022K102) is the former holding company of First Financial Northwest Bank. On April 11, 2025, the Company completed the sale of the Bank to Global Federal Credit Union. The Company filed Form 25 with the Securities and Exchange Commission delisting the Company’s common stock from trading on the Nasdaq Capital Market (NASDAQ: FFNW) and closed its stock transfer books effective April 21, 2025, pending its voluntary dissolution under applicable Washington law and the Plan of Dissolution.

Investor Contacts:
Rich Jacobson
Executive Vice President
jacobsonr@ffnorthwest.com
(206) 573-4973
Karla Evans
Investor Relations
evansk@ffnorthwest.com
(206) 833-1259

FAQ

What is the final cash liquidation amount for First Financial Northwest (FFNW)?

The final cash liquidation distribution is $1.30 per share, payable on December 12, 2025.

How much total cash will FFNW shareholders receive under the Plan of Dissolution?

Combined distributions total $23.30 per share, approximately $215 million returned to shareholders.

Who is eligible to receive the FFNW December 12, 2025 distribution?

Shareholders of record as of April 23, 2025 are eligible to receive the December 12, 2025 payment.

What should FFNW shareholders with physical stock certificates do to get paid?

Shareholders holding physical certificates must convert them to book-entry accounts before receiving the cash liquidation distribution.

How will FFNW distributions be taxed for U.S. shareholders for 2025?

Distributions will be reported on Form 1099-DIV; U.S. holders generally recognize capital gain or loss equal to cash received minus their adjusted tax basis.

Who can shareholders contact with questions about FFNW distributions?

Shareholders may contact Georgeson LLC (affiliate of Computershare) for assistance; contact details are provided by the company.