First Northwest Bancorp discloses lawsuit seeking $106.9M in damages for aiding fraud

First Northwest Bancorp

Complaint filed by 3|5|2 Capital on June 10, 2025 in King County Superior Court against bank subsidiary First Fed Bank.
Alleges Water Station Management misappropriated over $100M from bond proceeds; claims bank aided and abetted fraud.
Seeks at least $106,925,000 in compensatory damages, plus punitive damages and fees.
Company and bank strongly dispute allegations and intend to vigorously defend.

item 7.01

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