secwatch.observer — SEC 8-K summary
======================================

Issuer:     First Northwest Bancorp (FNWB)
CIK:        0001556727
Form:       8-K
Filed at:   2023-11-24T23:59:59+00:00
Accession:  0001437749-23-032979
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Northwest Bancorp subsidiary enters FDIC consent order over consumer law violations
--------------------------------------------------------------------------------

- First Fed Bank entered a consent order with the FDIC on November 21, 2023, effective immediately.
- Order requires correcting violations of consumer protection laws within 30 days and implementing prevention procedures.
- Bank must provide a list of all credit/deposit products and identify third parties; seek FDIC non-objection for new products or partners.
- Board must oversee compliance management system, allocate resources, and furnish quarterly progress reports to the FDIC.
- Company self-reported to FDIC in 2022 and does not anticipate a material effect on earnings or capital from compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1556727/000143774923032979/0001437749-23-032979-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1556727/000143774923032979/fnwb20231121_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-032979

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer