BUZZ-First Financial Northwest hits three-month high after regulatory approval for Global Credit Union takeover

Reuters
2025.03.13 18:17
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First Financial Northwest’sshares jump as much as 16.4%, hitting their highest since late NovemberGlobal Federal Credit Union has received required regulatory approval for acquisition of FFNW, companies announced late WednesdayDeal now expected to be completed early in second quarter of 2025Global Federal Credit Union last year had agreed to acquire FFNW in $231.2 million all-cash dealAt that time, deal was anticipated to closed in fourth quarter of 2024FFNW stock up 4% YTD

First Financial Northwest’s (FFNW.O) shares jump as much as 16.4%, hitting their highest since late November

Global Federal Credit Union has received required regulatory approval for acquisition of FFNW, companies announced late Wednesday

Deal now expected to be completed early in second quarter of 2025

Global Federal Credit Union last year had agreed to acquire FFNW in $231.2 million all-cash deal

At that time, deal was anticipated to closed in fourth quarter of 2024

FFNW stock up 4% YTD

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