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

First Financial Northwest

13/03/2025 18:17

** 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

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))