FS Bancorp Promotes Matthew D. Mullet to President as Company Continues Growth

FS Bancorp, Inc., based in Mountlake Terrace, Washington, has announced the promotion of Matthew D. Mullet to the position of President for both the company and its affiliate, 1st Security Bank of Washington. Mullet, who has served as Chief Financial Officer since 2011, will continue in this role alongside his new responsibilities. His extensive experience in the banking industry has made him a valuable asset to the organization.

Joseph C. Adams, the Chief Executive Officer of FS Bancorp and 1st Security Bank, expressed happiness with Mullet’s promotion, highlighting Mullet’s strong leadership skills and deep understanding of the company and the banking sector. Adams praised Mullet’s contributions to the team, suggesting that their collaboration would help further enhance the working environment and banking experience for customers.

Mullet’s background includes a solid foundation in banking, starting as a financial examiner in 2000. He has held various roles throughout his career, including Chief Financial Officer at Golf Savings Bank before joining 1st Security Bank in 2011. Additionally, Mullet is involved in community efforts, such as volunteering to teach financial literacy at the Washington Corrections Center for Women. This promotion marks a significant step for both Mullet and FS Bancorp as they continue to serve customers in the greater Puget Sound area and beyond.