Peninsula-headquartered bank

First Federal Bank announces management change

Larry Hueth steps down after 11 years

Posted 8/1/19

First Northwest Bancorp, which owns First Federal Savings & Loan, on Thursday (Aug. 1) announced President and CEO Larry Hueth will leave the Company at the end of this year, to be replaced by Matt …

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Peninsula-headquartered bank

First Federal Bank announces management change

Larry Hueth steps down after 11 years

Posted

First Northwest Bancorp, which owns First Federal Savings & Loan, on Thursday (Aug. 1) announced President and CEO Larry Hueth will leave the Company at the end of this year, to be replaced by Matt Deines, a banker from from Liberty Bay Bank in Poulsbo.

First Federal, the only bank headquartered on the North Olympic Peninsula, was started in 1923 in Port Angeles and now has eight locations in Jefferson and Clallam Counties, plus five more in the Puget Sound region.

Active in civic affairs on the Peninsula and in First Federal's philanthropic work, Hueth said he is ready to de-emphasize the banking part of his life. “I have achieved what I set out to accomplish as CEO and President and have determined that it is a good time to prioritize other areas of my life.”

Deines will take over as CEO and President of First Federal Savings & Loan immediately. When Hueth steps away at year's end, Deines will take over as CEO and President of First Northwest Bancorp, the holding company that owns First Federal.

Deines has held multiple roles at Sound Community Bank and Liberty Bay Bank, including Executive Vice President and Chief Financial Officer at both institutions.

In the news release announcing the changes, Deines noted First Federal’s long connection to the Olympic Peninsula.

A native of Seattle, Deines received his Accounting degree from Loyola Marymount University in Los Angeles and his MBA from the University of Washington.

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