FKH Represents First Financial Northwest Bank in Sale

Posted February 07, 2024

Firm client First Financial Northwest, Inc. (Nasdaq: FFNW) announced its agreement to sell substantially all of its assets and liabilities to Global Federal Credit Union for a gross purchase price of approximately $231 million. The transaction represents the largest announced sale of a bank to a credit union to date. The transaction also represents the first time a company traded on a major exchange has agreed to sell its banking business to a credit union.

The Firm's transaction team was led by Jonathan Hightower and included significant contributions from each of Crystal Huffman, Lyn Clinton, Katie Payne, and Kevin Strachan.