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First Financial Northwest is moving past its thrift roots three years after a proxy battle ousted its chief executive. Other banks in the same position are still trying to get back on track.
August 27 -
The $4.8 billion-asset HomeStreet said in a press release Monday that it will pay $49.8 million in stock, or $11.70 a share, and $5.5 million in cash for the $200 million-asset Orange County Business Bank.
September 28 -
Washington Federal in Seattle reported higher profit in its fiscal fourth quarter, citing a record level of commercial loan originations.
October 21
First Financial Northwest in Renton, Wash., has filed for permission to adopt a commercial bank charter.
The $984 million-asset company submitted the application to the Washington Department of Financial Institutions, asking to drop its state savings bank charter, according to a Tuesday news release. First Financial Northwest did not indicate the timing of its application or when it expects to receive a response.
"With the completion of the charter conversion, we will be better positioned to implement our commercial banking operating strategy," Joseph Kiley, chief executive, said in the release.
First Financial Northwest has spent years on