First Financial Northwest, Inc.: M&A transaction — First Financial NW closes asset sale to Global FCU for $228.7M; plans delisting and dissolution

First Financial Northwest, Inc.

Completed asset sale of First Financial Northwest Bank to Global FCU for $228.7M in cash effective April 11, 2025.
Nasdaq delisting of FFNW common stock effective April 21, 2025; share transfer books close that date.
Company will distribute remaining assets to shareholders in two or more distributions; first payment on or about April 30, 2025.
Following distributions, Company plans to dissolve in accordance with Washington law.
Physical certificate holders must convert to book-entry with Computershare to receive initial distribution.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

First Financial Northwest, Inc. completed a disposition involving Global Federal Credit Union for $228.7 million in cash (closed 2025-04-11).

Action: disposition
Counterparty: Global Federal Credit Union
Consideration: $228.7 million in cash
Closing: 2025-04-11

Exact text from the filing

Global acquired substantially all of the assets and assumed substantially all of the liabilities (including deposit liabilities) of the Bank (the “asset sale”) in exchange for $228.7 million in cash paid to First Financial Northwest.

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Source: SEC EDGAR

accession 0001104659-25-034275

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