Levi & Korsinsky Investigates Possible Securities Fraud Violations by First Northwest Bancorp (FNWB)
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Levi & Korsinsky is investigating First Northwest Bancorp (FNWB) for potential securities fraud due to unreliable financial results for Q2 2024, involving $6.6 million in charge-offs and increased consumer loan provisions.
November 21, 2024 | 12:45 pm
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First Northwest Bancorp is under investigation for potential securities fraud due to unreliable Q2 2024 financial results, including $6.6 million in charge-offs and increased loan provisions.
The investigation into FNWB for potential securities fraud is likely to negatively impact its stock price in the short term. The unreliability of financial results and significant charge-offs raise concerns about the company's financial health and management practices, which could lead to decreased investor confidence.
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