Welcome to our dedicated page for First Financial Northwest news (Ticker: FFNW), a resource for investors and traders seeking the latest updates and insights on First Financial Northwest stock.
First Financial Northwest, Inc. news centers on its Plan of Dissolution, liquidating distributions to shareholders, closure of stock transfer books, and delisting-related corporate actions. The company had operated as the holding company for First Financial Northwest Bank, and earlier updates covered operating results, credit-loss provisions, material agreements, shareholder voting matters, governance actions, and capital-structure disclosures tied to its public-company status.
First Financial Northwest, Inc. (FFNW) announced a stock repurchase plan to buy back up to 5.0% of its outstanding common stock, totaling approximately 509,000 shares, starting July 30, 2020, for a duration of six months. This follows the repurchase of 214,845 shares at an average price of $11.13 per share under a previous plan. The decision reflects the company's strategic initiative to enhance shareholder value, although the actual number of shares repurchased will depend on market conditions.
First Financial Northwest announced its 2020 annual meeting will occur on June 10, 2020, via remote communication due to the COVID-19 pandemic and Washington State's emergency order. Shareholders cannot attend in person. Registration for the remote meeting is required by June 9, 2020. The formal business outlined in the proxy statement will be conducted, but no operational updates will be provided. Shareholders are encouraged to vote through the provided proxy materials, with instructions to register and submit questions in advance to ensure their participation.
First Financial Northwest, Inc. (NASDAQ: FFNW) announced a quarterly cash dividend of $0.10 per share on May 18, 2020. The dividend is payable on June 19, 2020, to shareholders of record as of June 5, 2020. The company, headquartered in Renton, Washington, operates First Financial Northwest Bank, which has 13 branches in the Puget Sound Region. Additionally, they have received regulatory approval to open a new office in Gig Harbor, Washington, further expanding their banking services.
First Financial Northwest Bank completed its '#30nonprofitsin30days' fundraising campaign, raising $50,820 for 30 nonprofits in King, Snohomish, and Pierce Counties. Employees participated by wearing jeans daily during work hours, supporting local nonprofits affected by COVID-19. Management matched donations dollar for dollar, emphasizing the need for community support during the pandemic. Donations will assist various organizations, including food banks and shelters, to alleviate economic impacts. Checks are scheduled for delivery the week of May 11, 2020.