The settlement is intended to eliminate risks, costs, and ongoing distractions associated with the adversary proceeding and related claims. The company's common stock is listed on the Nasdaq Stock Market under the symbol FNWB. All information in this article is based on a press release statement and the company's filing with the Securities and Exchange Commission. In other recent news, First Northwest Bancorp has announced several key developments. The company is undergoing a leadership transition as President and CEO Matthew P. Deines is set to resign effective July 12, 2025, with Executive Vice President and Chief Operating Officer Geri Bullard stepping in as interim CEO. Piper Sandler has maintained a Neutral rating on First Northwest Bancorp, citing a relatively smooth transition without immediate strategic impacts.