Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings

Thrift Conversion

First Northwest Bancorp (FNWB) completes thrift conversion

First Northwest Bancorp (FNWB) announced that it has completed the conversion of First Federal Savings and Loan Association of Port Angeles from mutual to stock form, including the related stock offering conducted in connection with the conversion. As a result of the closing of the conversion and offering, the Bank has converted from a Washington chartered mutual savings bank to a Washington chartered stock savings bank, and the Company is now the holding company for the Bank. Source

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