First Northwest Bancorp unit First Fed Bank settles Socotra REIT lawsuit for $1.3 million cash payment

First Northwest Bancorp’s First Fed Bank settled a Washington state lawsuit filed by Socotra REIT I in October 2025. Bank agreed to pay USD 1.3 million within 30 days under a Sept. 15, 2026 settlement agreement. Claims included alleged misrepresentation, fraud, conversion, consumer-protection violations tied to a commercial loan involving Ideal Property Investments. Settlement includes mutual releases, dismissal with prejudice, no admission of liability or wrongdoing. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Northwest Bancorp published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-030713), on September 18, 2026, and is solely responsible for the information contained therein. (C)