First Northwest Bancorp (FNWB) Shareholders May Have Been Affected by Fraud - Levi & Korsinsky Investigates
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Levi & Korsinsky has initiated an investigation into First Northwest Bancorp (FNWB) for potential violations of federal securities laws. FNWB announced that its Q2 2024 financial results are unreliable due to $6.6 million in charge-offs and increased consumer loan provisions.
November 20, 2024 | 12:45 pm
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NEGATIVE IMPACT
First Northwest Bancorp is under investigation for potential securities law violations after announcing unreliable Q2 2024 financial results due to $6.6 million in charge-offs and increased loan provisions.
The investigation into FNWB for potential securities law violations and the announcement of unreliable financial results are likely to negatively impact investor confidence and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100