First Federal Community Foundation Receives Corporate Citizenship Award from Puget Sound Business Journal

PORT ANGELES, Wash., Aug. 17, 2020 (GLOBE NEWSWIRE) -- First Northwest Bancorp FNWB ("Company"), the holding company for First Federal Savings and Loan Association of Port Angeles ("Bank" or "First Federal"), and First Federal Community Foundation, were recently recognized by the Puget Sound Business Journal as one of the top corporate philanthropists in Washington State. Of the 26 midsize companies that made the Journal's list, First Federal Bank and Foundation collectively contributed $1.06 million, and ranked #2.  Together, these 26 midsized companies contributed $10.6 million to Washington nonprofits.

The combined contributions of the Bank and its Foundation to Washington non-profit organizations was acknowledged at the annual Corporate Citizenship Awards hosted virtually by the Puget Sound Business Journal on August 11, 2020.

"We are delighted to receive the Corporate Citizenship Award and to share this honor with such a select group of Washington companies," said Matthew P. Deines, President and CEO of First Federal.  "Being recognized as one of the top midsized companies in the state for corporate philanthropy is a great affirmation of our commitment to the communities we serve."

"We are committed to improving the quality of life in our communities through focused investing in projects and programs that provide valuable charitable services, facilitate economic and community development, and enhance the availability of affordable housing," said Norman Tonina, Chairman of the First Federal Community Foundation and Director of First Federal. "We are proud to support and generate meaningful change in our communities."

About the Awards

The Puget Sound Business Journal annually recognizes the top corporate philanthropists and ranks these in the categories of small, medium and large companies.  Puget Sound Business Journal has calculated that the 76 companies on this year's list had a combined cash giving in Washington State of $347.6 million in 2019.

About the Company

First Northwest Bancorp, a Washington corporation, is the bank holding company for First Federal Savings and Loan Association of Port Angeles. First Federal is a Washington state-chartered savings bank primarily serving communities in Western Washington State with thirteen banking locations - eight located within Clallam and Jefferson counties, two in Kitsap County, two in Whatcom County, and a lending center in King County.

About First Federal Community Foundation

First Federal Community Foundation is a private 501(c)3 charitable corporation that began making grants in 2015 with a generous gift of stock and cash from the parent company of First Federal Bank, when the bank was converted to a publicly traded company. With this gift, First Federal Bank made clear its commitment to continue its tradition of supporting the communities it serves.

The Foundation is committed to creating broad impact and improving the quality of life in Clallam, Jefferson, Kitsap and Whatcom Counties, which are the communities in which First Federal Bank-- the Foundation's sole donor--maintains full-service branches.

Forward Looking Statements

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