Judith A. Cochrane Retires from the Board of Directors of FS Bancorp, Inc. and its Financial Institution Subsidiary, 1st Security Bank of Washington
June 01, 2018 at 10:23 pm IST
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On May 25, 2018, Judith A. Cochrane retired from the Board of Directors of FS Bancorp, Inc. ("Company") and its financial institution subsidiary, 1st Security Bank of Washington ("Bank") as well as the committees she served on. The Company's Board of Directors has not yet determined whether it will fill the vacancy created by Ms. Cochrane's retirement or reduce the size of the Board. Ms. Cochrane had served as a director of the Company since its formation and had served as a director of the Bank since 2006. Ms. Cochrane also served as a member of the Nominating/Governance Committee and as the chairman of the Bank's Asset Quality Committee. In connection with her retirement, Ms. Cochrane did not cite any disagreement with the Company pertaining to the Company's operations, policies or practices.
FS Bancorp, Inc. is the holding company for 1st Security Bank of Washington (the Bank). The Bank provides loan and deposit services to customers who are predominantly small- and middle-market businesses and individuals in Washington and Oregon. The Bank has two segments: commercial and consumer banking and home lending. The commercial and consumer banking segment provides diversified financial products and services to its commercial and consumer customers through the Bank branches, online banking platforms, mobile banking apps, and telephone banking. These products and services include deposit products, residential, consumer, business and commercial real estate lending portfolios, and cash management services. The home lending segment originates one-to-four-family residential mortgage loans primarily for sale in the secondary markets, as well as loans held for investment. A majority of these mortgage loans are sold to or securitized by FNMA, FHLMC, GNMA or the FHLB of Des Moines.
FS BANCORP, INC. 
