FS Bancorp, Inc 8-K, filed Jan 17, 2023
FS Bancorp, Inc. (FSBW)
8-K
2023-01-17
For: 2023-01-17
View Original
Added on
April 10, 2026
About this 8-K
FS Bancorp, Inc filed this 8-K on January 17, 2023.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 17, 2023
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code: (425 ) 771-5299
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions.
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CFR 240.14d-2(b))
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CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in
Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 8.01 Other events
FS Bancorp, Inc. the parent company of
1st Security Bank of Washington (“1st Security Bank”) today announced that all the required regulatory approvals had been received for 1st Security Bank to purchase seven branches from Columbia Bank, a subsidiary of Columbia Banking System. The
branches are located in Washington and Oregon. The completion of the transaction remains subject to customary closing conditions and is expected to occur on February 27, 2023. A copy of the press release is
attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
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(d)
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Exhibits
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Exhibit No.
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Description
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.
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Date: January 17, 2023
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FS BANCORP, INC.
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/s/ Matthew D. Mullett
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Matthew D. Mullet
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Chief Financial Officer
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Exhibit 99.1
FOR IMMEDIATE RELEASE
January 17, 2023
1ST SECURITY BANK ANNOUNCES RECEIPT OF REGULATORY
APPROVALS TO BUY SEVEN WASHINGTON AND OREGON BRANCHES
FROM COLUMBIA STATE BANK
MOUNTLAKE TERRACE, Wash. ― January 17, 2023 ― FS Bancorp, Inc. (Nasdaq: FSBW), the parent company of 1st Security Bank of Washington (“1st Security Bank”),
today announced that all required regulatory approvals had been received for 1st Security Bank to purchase seven branches from Columbia State Bank, a subsidiary of Columbia Banking System, in Washington and Oregon.
The completion of the transaction remains subject to customary closing conditions and is expected to occur on February 27, 2023.
Joe Adams, CEO of 1st Security Bank commented, “We have received the necessary regulatory approvals and the employees at 1st Security
Bank and Columbia Bank are enthusiastically working to make this a smooth conversion for our customers.”
About 1st Security Bank
1st Security Bank of Washington, member FDIC and Equal Housing Lender, provides loan and deposit services to customers at its twenty branches, and mortgage services at each branch as well as lending offices in the greater Puget Sound area, Vancouver, and the Tri-Cities. FS Bancorp, Inc., a Washington corporation, (NASDAQ: FSBW) is the holding company for the Bank. The Bank was rated the number one Community Bank nationally in Bank Director’s 2022 “Ranking Banking” study, as well as the #1 Leadership Team of all banks studied nationally. 1st Security Bank is the top bank in its category in the Puget Sound Business Journals “Washington’s Best Workplaces” from 2015-2022 and named one of American Banker’s "Best Banks to Work For" from 2017-2021. For more information visit 1st Security Bank’s website at www.fsbwa.com.
1st Security Bank of Washington, member FDIC and Equal Housing Lender, provides loan and deposit services to customers at its twenty branches, and mortgage services at each branch as well as lending offices in the greater Puget Sound area, Vancouver, and the Tri-Cities. FS Bancorp, Inc., a Washington corporation, (NASDAQ: FSBW) is the holding company for the Bank. The Bank was rated the number one Community Bank nationally in Bank Director’s 2022 “Ranking Banking” study, as well as the #1 Leadership Team of all banks studied nationally. 1st Security Bank is the top bank in its category in the Puget Sound Business Journals “Washington’s Best Workplaces” from 2015-2022 and named one of American Banker’s "Best Banks to Work For" from 2017-2021. For more information visit 1st Security Bank’s website at www.fsbwa.com.
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1st Security Bank Media Contacts:
Kelli Nielsen EVP Retail Banking and Marketing kelli.nielsen@fsbwa.com (425) 275-4347
Donna Jacobson
(425) 697-8086VP Marketing Director donna.jacobson@fsbwa.com |
1st Security Investor Contacts:
Matt Mullet CFO, 1st Security Bank mattm@fsbwa.com
(425) 697-8026
Joe Adams
CEO, 1st Security Bank joea@fsbwa.com
(425) 697-8048
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Note Regarding Forward Looking Statements
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which can be identified by
words such as "may," "expected," "anticipate", "continue," or other comparable words. In addition, all statements other than statements of historical facts that address activities that FS Bancorp expects or anticipates will or may occur in the
future are forward-looking statements. Readers are encouraged to read the Securities and Exchange Commission reports of FS Bancorp, particularly its annual report on Form 10-K for the fiscal year ended December 31, 2021, for meaningful cautionary
language discussing why actual results may vary materially from those anticipated by management.