On December 5, 2019, First Northwest Bancorp received and accepted the resignation of Laurence J. Hueth as President and Chief Executive Officer and a director of the company, effective immediately. The company's board of directors appointed Matthew P. Deines, currently President and Chief Executive Officer of the Bank, as President and Chief Executive Officer and a director of the company to fill the vacancy created by Mr. Hueth's resignation, also effective December 5, 2019. Mr. Deines is expected to be nominated for reelection as a director at the Company's annual meeting of shareholders to be held in May 2020.

Mr. Deines, age 46, is a seasoned local community banker with more than 17 years of experience in the banking industry. Before joining the Bank on August 1, 2019, Mr. Deines served most recently as Executive Vice President and Chief Financial Officer at Liberty Bay Bank from November 2018 to May 2019. He previously served as Executive Vice President and Chief Financial Officer of Sound Financial Bancorp (or its predecessor) since its incorporation in 2008 and of Sound Community Bank (or its predecessor) beginning in February 2002, in each case until March 2018.