---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-020264"
form_type: "8-K"
ticker: "FNWB"
cik: "0001556727"
company_name: "First Northwest Bancorp"
filed_at: "2025-06-13T23:59:59+00:00"
generated_at: "2026-05-19T08:18:07.308336+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-25-020264
- form_type: 8-K
- ticker: FNWB
- cik: 0001556727
- company_name: First Northwest Bancorp
- filed_at: 2025-06-13T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1556727/000143774925020264/0001437749-25-020264-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1556727/000143774925020264/fnwb20250613_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-020264
- JSON: https://secwatch.observer/filing/0001437749-25-020264.json
- Plain text: https://secwatch.observer/filing/0001437749-25-020264.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.