CEO Matthew Deines resigns; COO Geraldine Bullard named interim CEO; CBO retires

First Northwest Bancorp

Matthew P. Deines to resign as President and CEO effective July 12, 2025, mutual decision, no disagreement.
Interim CEO Geraldine L. Bullard appointed; salary increased to $498k, retention bonus $250k, 7,500 restricted shares.
Severance for Deines: $515,000 base salary, 90 days COBRA, 5,996 restricted shares vest, other shares forfeited.
Chief Banking Officer Christopher W. Neros retired effective July 2, 2025.
Executive search firm engaged to find permanent CEO; Bullard to serve until then.

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