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 comme