FS Bancorp, Inc. (NASDAQ: FSBW) announced on October 22, 2026, that Matthew D. Mullet has been appointed to the Boards of Directors for both the Company and its subsidiary, 1st Security Bank of Washington. The appointment is effective immediately, and the Company’s Governance Nominating and Culture Committee proposed the selection, which was subsequently ratified and approved by the Board.
Mr. Mullet currently serves as the President of both FS Bancorp and 1st Security Bank, a position he has held since July 2024. He was appointed Chief Executive Officer of the Bank in September 2025 and Chief Executive Officer of the Company in June 2026. Prior to his current roles, Mr. Mullet joined the organization in July 2011 and served as Chief Financial Officer from September 2011 until his promotion to President. His banking career began in June 2000 as a financial examiner with the Washington State Department of Financial Institutions, Division of Banks.
In addition to his duties at FS Bancorp, Mr. Mullet serves on the Board of the Washington Bankers Association (WBA) and the Seattle Branch of the Federal Reserve Bank of San Francisco. He is also a member of the Government Relations Committee with the WBA. The Company stated that there are no family relationships between Mr. Mullet and any other director or executive officer, and he has not engaged in any related party transactions requiring disclosure under SEC rules.
FS Bancorp is the holding company for 1st Security Bank of Washington, which operates through 32 bank branches and loan production offices in Washington and Oregon, including the Puget Sound, Tri-Cities, and Portland markets.
