First Northwest Bancorp (NASDAQ: FNWB) Announces Retirement of Board Member

PORT ANGELES, Wash., Dec. 10, 2025 (GLOBE NEWSWIRE) — First Northwest Bancorp (NASDAQ: FNWB) and its subsidiary, First Fed Bank, have officially announced the retirement of Norman J. Tonina, Jr. from their Boards of Directors, effective during the regular Board meetings held on December 9, 2025. His departure marks the end of a notable 12-year tenure, which has significantly shaped the Company.

Leadership Acknowledgment and Contributions

Cindy Finnie, Board Chair of FNWB and First Fed, expressed gratitude, stating, “Norm’s commitment and contribution to the Company and Boards for the last 12 years cannot be understated. His leadership and dedication were critical to our most recent executive search and recruitment process. We are grateful for his many years of service and wish him all the best in his retirement.”

Career Overview of Norman J. Tonina, Jr.

Mr. Tonina joined the First Fed Board in 2012 and became an inaugural member of the FNWB Board in 2015. During his tenure, he served as Chair of the Nominating and Corporate Governance Committee for both Boards. Reflecting on his time, Tonina stated, “One of the highlights of my time on the Board was leading the rigorous recruiting process that culminated in the hiring of Curt Queyrouze as CEO. Curt brings deep experience and strong leadership to guide the Bank forward.”

Tonina began his professional journey as a finance manager, eventually becoming Senior Director of Finance for Microsoft’s Platforms and Applications division. Transitioning to Human Resources in 1999, he directed global HR initiatives focusing on company culture, leadership development, and talent acquisition. In addition to his board experience, Tonina is also active in non-profit work and currently serves as President of the First Fed Foundation.

Future Governance Considerations for FNWB

The Boards, through the Nominating and Corporate Governance Committee, continue to engage in succession planning and director recruitment. The Committee will evaluate whether adding a new Board member aligns with the best interests of the Company at this time.

About First Northwest Bancorp (NASDAQ: FNWB)

First Northwest Bancorp (NASDAQ: FNWB) serves as a financial holding company engaged in investment activities, primarily through its subsidiary, First Fed Bank. Founded in 1923, First Fed operates 17 locations across Washington state, including 12 full-service branches.

The Company's strategy emphasizes building sustainable earnings by providing a comprehensive range of financial products and services tailored to individuals, small businesses, non-profit organizations, and commercial clients. Additionally, First Northwest Bancorp has strategically invested in innovative financial partnerships and a boutique investment banking/accelerator firm, underscoring its commitment to growth and innovation within the financial sector. First Northwest Bancorp was incorporated in 2012 and completed its initial public offering in 2015 under the ticker symbol FNWB.

Forward-Looking Statements

Statements within this article may contain forward-looking comments as defined by the Private Securities Litigation Reform Act of 1995. These statements relate to the business environment, performance projections, and other strategic expectations. Actual outcomes may differ based on several factors including competitive pressures, interest rate fluctuations, and economic conditions. Details can be found in the Company’s latest filings, including the Annual Report on Form 10-K available at www.ourfirstfed.com and on the SEC’s website at www.sec.gov.

Contact Information

For more information, please reach out to:

• Curt Queyrouze, President and Chief Executive Officer
• Phyllis Nomura, Chief Financial Officer and EVP
• Email: IRGroup@ourfirstfed.com
• Phone: 360-457-0461