Diane Davis Appointed to Boards of First Fed and First Northwest Bancorp

Rhea-AI Summary

First Northwest Bancorp (NASDAQ: FNWB), the holding company for First Fed Bank, has appointed Diane C. Davis to the Boards of Directors of both First Fed Bank and First Northwest Bancorp. Davis brings over 25 years of leadership experience in the insurance industry, with expertise in executive management, strategy, risk management, and corporate governance.

Davis previously served as President of Farmers New World Life Insurance Company from 2016 to 2019 and held the position of Regional Chief Risk Officer at Zurich Insurance Company Ltd. She currently serves as co-chair of 5050 Women on Boards of Greater Seattle and previously served on the board of First Financial Northwest Bancorp.

Positive

• Appointment of experienced board member with 25+ years of leadership experience
• Strategic addition of expertise in risk management and corporate governance
• Previous experience as President of Farmers New World Life Insurance Company
• Strengthening of board diversity and governance structure

Negative

• None.

PORT ANGELES, Wash., July 23, 2025 (GLOBE NEWSWIRE) -- First Northwest Bancorp (NASDAQ: FNWB), the holding company for First Fed Bank, announced the appointment of Diane C. Davis to the Boards of Directors of both First Fed Bank and First Northwest Bancorp.

Ms. Davis brings more than 25 years of leadership experience in the insurance industry, with expertise in executive management, strategy, risk management, and corporate governance. Further, Diane is an experienced community bank board member, having served on the board of First Financial Northwest Bancorp, which was acquired earlier this year.

“Diane’s extensive experience in risk oversight and executive leadership will be a tremendous asset to our organization as we continue to grow and serve our communities,” said Geri Bullard, Interim CEO of First Fed. “Her proven expertise in strategy and governance aligns with our long-term goals, and we are excited to welcome her to the Board.”

“Community banks play a vital role in building strong, resilient local economies, and I’m deeply passionate about supporting that mission. I’m honored to join First Fed’s board and work alongside its dedicated executive team and fellow board members,” said Diane Davis.

Ms. Davis began her career at Farmers New World Life Insurance Company in 1992 and advanced through a variety of leadership roles, including Chief Risk Officer and ultimately President from 2016 until her retirement in 2019. She also served as Regional Chief Risk Officer for Global Life North America at Zurich Insurance Company Ltd., bringing broad actuarial and strategic planning experience to her board role.

She holds a Bachelor of Science in Actuarial Science from the University of Illinois at Urbana-Champaign and a Master of Business Administration from the University of Washington. A Fellow of the Society of Actuaries, Ms. Davis currently serves as co-chair of 5050 Women on Boards of Greater Seattle and is a former member of the Board of Directors for Habitat for Humanity Seattle-King County.

Her appointment reflects First Fed’s ongoing commitment to strong governance, sustainable growth, and long-term financial security for its customers and communities.

About FNWB

First Northwest Bancorp (Nasdaq: FNWB) is a financial holding company engaged in investment activities including the business of its subsidiary, First Fed Bank. First Fed is a Pacific Northwest-based financial institution which has served its customers and communities since 1923. Currently, First Fed has 18 locations in Washington State including 12 full-service branches. First Fed’s business and operating strategy is focused on building sustainable earnings by delivering a full array of financial products and services for individuals, small businesses, non-profit organizations and commercial customers. In 2022, First Northwest made an investment in The Meriwether Group, LLC, a boutique investment banking and accelerator firm. Additionally, First Northwest focuses on strategic partnerships to provide modern financial services such as digital payments and marketplace lending. First Northwest Bancorp was incorporated in 2012 and completed its initial public offering in 2015 under the ticker symbol FNWB. First Fed is headquartered in Port Angeles, Washington.

First Fed Bank was recognized by Puget Sound Business Journal as a Best Workplace in 2023 and top Corporate Philanthropist in 2023 and 2024. By popular vote, First Fed received 2024 awards for Best Bank and Best Lender in Best of the Peninsula for Clallam County. First Fed is a Member FDIC and equal housing lender.

Geri Bullard, Interim CEO / Chief Operating Officer
First Fed 105 W. Eight Street
Port Angeles, WA 98362
360-565-8556

FAQ

Who is Diane Davis and what is her role at First Northwest Bancorp (FNWB)?

Diane Davis has been appointed to the Boards of Directors of both First Fed Bank and First Northwest Bancorp. She brings over 25 years of leadership experience in the insurance industry and previously served as President of Farmers New World Life Insurance Company.

What experience does Diane Davis bring to FNWB's board?

Davis brings expertise in executive management, strategy, risk management, and corporate governance. She previously served as President of Farmers New World Life Insurance Company and Regional Chief Risk Officer at Zurich Insurance Company Ltd.

What is First Northwest Bancorp's (FNWB) current market presence?

First Fed, FNWB's subsidiary, operates 18 locations in Washington State, including 12 full-service branches. The bank has served Pacific Northwest customers since 1923 and focuses on providing financial products for individuals, small businesses, and commercial customers.

What recent recognition has First Fed Bank received?

First Fed Bank was recognized as a Best Workplace in 2023 by Puget Sound Business Journal, top Corporate Philanthropist in 2023 and 2024, and received 2024 awards for Best Bank and Best Lender in Best of the Peninsula for Clallam County.