RENTON, Wash., Aug. 22, 2013 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. ("Company") (Nasdaq:FFNW), the holding company for First Savings Bank Northwest ("Bank"), today announced that Victor Karpiak will be retiring as President and Chief Executive Officer of the Company and has resigned as a director of the Company and as Chairman of the Board of the Bank. In keeping with its management succession plan, the Company announced the appointment of Joseph W. Kiley III to serve as President and Chief Executive Officer of the Company. Mr. Kiley has served as President and Chief Executive Officer of the Bank since September 17, 2012. In addition, the Company appointed Richard P. Jacobson to serve as Chief Operating Officer and as a director of the Company. Mr. Jacobson has served as Chief Financial Officer of the Company and the Bank since August 9, 2013. Mr. Jacobson was also appointed as a director to the Bank's Board of Directors. Finally, Gary F. Kohlwes, Chairman of the Company's Board of Directors, was appointed Chairman of the Board of the Bank. All of these changes will be effective as of September 1, 2013.
CONTACT: Richard P. Jacobson, Chief Financial Officer (425) 255-4400