First Northwest Bancorp (the âCorporationâ), a Washington corporation, was organized for the purpose of becoming the holding company for First Federal Savings and Loan Association of Port Angeles (the âBankâ or âFirst Federalâ), upon the Bankâs conversion from a mutual to a stock savings bank (âConversionâ). The Conversion was completed in January 2015. The Corporation does not engage in any significant activity other than holding the stock of the Bank. First Federal is a community-based savings bank primarily serving Western Washington through its full-service banking offices which are located within Clallam, Jefferson, Kitsap and Whatcom counties, Washington and a Home Lending Center in King County, Washington. First Federalâs business consists of attracting deposits from the public and utilizing those deposits to originate loans.
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