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1st Security Bank of Washington's Overview

Total employees411
HeadquartersMountlake Terrace
Founded1936

1st Security Bank of Washington is a community-focused financial institution providing comprehensive banking services to individuals, families, and businesses across Washington state. Known for its personalized customer service and commitment to local communities, the bank offers a range of products including checking and savings accounts, mortgages, business loans, and digital banking solutions. They emphasize building long-term relationships and contributing to the economic well-being of the areas they serve.

Where is 1st Security Bank of Washington's Headquarters?

HQ Function

Serves as the primary administrative and operational center, overseeing branch activities, strategic planning, loan processing, and corporate functions for the bank.

Notable Features:

Modern office facility equipped to support banking operations, training, and administrative functions. It likely features collaborative workspaces and technology to enhance efficiency and customer service delivery.

Work Culture:

Emphasizes a customer-first approach, teamwork, integrity, and community involvement. Employees are encouraged to build relationships and contribute to a positive banking experience, reflecting its community bank ethos.

HQ Significance:

The headquarters is crucial for coordinating the bank's services across its branch network and implementing its strategic vision for growth and community support in Washington.

Values Reflected in HQ: The headquarters' operations and environment aim to reflect the bank's core values of integrity, exceptional customer service, community commitment, and financial prudence.

Location:

1st Security Bank of Washington primarily focuses its operations within Washington state, USA. While it may facilitate international transactions for its customers (e.g., wire transfers), it does not maintain physical branches or dedicated operational centers outside of the United States. Its services are tailored to the local communities it serves within its regional footprint.

Street Address:

6920 220th St SW

City:

Mountlake Terrace

State/Province:

WA

Country:

USA

1st Security Bank of Washington's Global Presence

Bellevue, WA/USA

Address: 10400 NE 4th Street, Suite 100, Bellevue, WA 98004

Serves the dynamic Eastside market, catering to tech professionals, businesses, and affluent individuals in Bellevue and surrounding communities.

Tacoma, WA/USA

Address: 100 S 9th Street, Tacoma, WA 98402

Supports the economic vitality of Tacoma and South Puget Sound by offering accessible financial products and services.

Port Angeles, WA/USA

Address: 111 West Front Street, Port Angeles, WA 98362

Caters to the unique financial needs of the Port Angeles community and surrounding areas on the Olympic Peninsula.

Seattle (Capitol Hill), WA/USA

Address: 600 E. Pine Street, Seattle, WA 98122

Serves the residents and small businesses in one of Seattle's most vibrant and densely populated urban villages.

Buying Intent Signals for 1st Security Bank of Washington

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of 1st Security Bank of Washington

As of April 2025, 1st Security Bank of Washington' leadership includes:

Joseph C. Adams - Chief Executive Officer
Don M. Sorenson - Executive Vice President, Chief Financial Officer (effective June 1, 2024)
Shana L. Doces - Executive Vice President, Chief Banking Officer
Dennis O'Leary - Executive Vice President, Chief Credit Officer
Kelli L. Nielsen - Executive Vice President, Chief Risk Officer & General Counsel

Investors of 1st Security Bank of Washington

1st Security Bank of Washington has been backed by several prominent investors over the years, including:

FS Bancorp, Inc. (NASDAQ: FSBW) - Parent Company
BlackRock Inc.
Vanguard Group, Inc.
Dimensional Fund Advisors LP
FJ Capital Management LLC
Royce & Associates, LP

Executive New Hires/Exits in the Last 12 Months

Hire1
Exits1

In the past 12 months, 1st Security Bank of Washington's parent company, FS Bancorp, Inc., announced the retirement of its Chief Financial Officer, Matthew D. Mullet, and the appointment of Don M. Sorenson as his successor. This transition is effective June 2024.

Departures

Matthew D. Mullet, Matthew D. Mullet retired from his position as EVP and CFO of FS Bancorp and 1st Security Bank.

New Appointments:

Don M. Sorenson, Don M. Sorenson was appointed to succeed Matthew D. Mullet as the EVP and CFO for FS Bancorp and 1st Security Bank.

Technology (Tech Stack) used by 1st Security Bank of Washington

Discover the tools 1st Security Bank of Washington uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

1st Security Bank of Washington Email Formats and Examples

1st Security Bank of Washington primarily utilizes an email format combining the first initial of an employee's first name with their full last name, followed by the @fsbwa.com domain. This is a common and professional pattern for corporate communications. While this is the predominant format, minor variations could exist in rare cases.

[first_initial][last]@fsbwa.com

Format

jdoe@fsbwa.com

Example

80%

Success rate

News and media

PR NewswireMay 20, 2024

FS Bancorp, Inc. Appoints Don M. Sorenson as Chief Financial Officer

FS Bancorp, Inc. (NASDAQ: FSBW), the holding company for 1st Security Bank of Washington, announced the appointment of Don M. Sorenson as its new Executive Vice President and Chief Financial Officer, effective June 1, 2024. Mr. Sorenson succeeds Matthew D. Mullet, who announced his retirement....more

FS Bancorp, Inc. Investor RelationsApril 24, 2024

FS Bancorp, Inc. Reports First Quarter 2024 Results and Declares Quarterly Cash Dividend

FS Bancorp, Inc. (NASDAQ: FSBW) announced its financial results for the first quarter ended March 31, 2024, reporting net income of $7.1 million, or $0.86 per diluted share. The company's Board of Directors also declared a quarterly cash dividend of $0.24 per share....more

1st Security Bank News / NewsweekFebruary 21, 2024

1st Security Bank Honored as a Best Bank in Washington by Newsweek

1st Security Bank of Washington was recognized by Newsweek in their 'America's Best Regional Banks and Credit Unions 2024' list. This acknowledgment highlights the bank's strong performance, financial health, and commitment to customer satisfaction in the state of Washington....more

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