First Northwest Bancorp And First Fed Bank Announces That On October 23, 2024, The Federal Deposit Insurance Corporation Terminated The Consent Order Issued To The Bank That Was Effective November 21, 2023
Portfolio Pulse from Benzinga Newsdesk
First Northwest Bancorp's subsidiary, First Fed Bank, announced the termination of a Consent Order by the FDIC, indicating successful resolution of compliance deficiencies.
October 28, 2024 | 1:10 pm
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First Northwest Bancorp's subsidiary, First Fed Bank, has successfully resolved compliance issues, leading to the termination of a Consent Order by the FDIC. This development is likely to have a positive impact on FNWB's stock price.
The termination of the FDIC Consent Order indicates that First Fed Bank has addressed its compliance deficiencies, which is a positive development for First Northwest Bancorp. This resolution removes regulatory overhang and may improve investor confidence, likely leading to a positive impact on FNWB's stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90