First Northwest Bancorp in Port Angeles, Wash., has made a change at the top.
The $2.2 billion-asset company said in a press release that Matthew Deines had resigned as president and CEO and stepped down from its board.
Geraldine Bullard, the company’s chief operating officer, was named interim CEO.
“As we begin the executive search for Matt’s replacement, we have full confidence in Geri to lead the organization during this transition,” Cindy Finnie, First Northwest’s chair, said in the release. “With deep experience and a strong understanding of First Fed’s mission, Geri is well-positioned to provide stable, effective leadership as we conduct a thoughtful and thorough search for a replacement CEO.”
The company, which recently reported a quarterly loss reflecting credit issues and a legal reserve tied to litigation with a borrower group, has hired an executive search firm to assist in identifying a permanent CEO.