FS Bancorp Appoints New CFO: Phillip Whittington to Join the Team
MountLAKE TERRACE, WA – FS Bancorp, Inc. (FSBW), the holding company for 1st Security Bank of Washington, has made an important announcement regarding its leadership team. Effective May 1, 2025, Phillip Whittington will assume the role of Chief Financial Officer (CFO) for both the Bank and the Company. Current CFO and President, Matthew D. Mullet, will continue to serve as the President for both the Company and the Bank.
Background of the New CFO
Phillip Whittington brings an impressive background to his new role. He holds a Bachelor’s degree in Business Administration and an MBA, both from the University of Washington. With over 15 years of experience in the financial sector, Whittington has a proven track record of success. Most recently, he served as the Vice President of Finance for a leading regional bank. In this position, he oversaw financial planning, budgeting, and risk management, among other responsibilities.
Impact on FS Bancorp and 1st Security Bank
The appointment of Whittington as CFO represents a strategic move for FS Bancorp and 1st Security Bank. With his extensive experience and expertise, the Bank and the Company are poised to strengthen their financial position and better serve their customers. Mullet’s continued leadership as President ensures a smooth transition and maintains stability in the organization.
Personal Implications
As a customer of 1st Security Bank, this change in leadership may not directly impact you. However, it could result in improved financial products and services. Whittington’s focus on risk management and financial planning could lead to more competitive rates and better financial solutions for individual and business clients.
Global Consequences
The appointment of Whittington as CFO for FS Bancorp and 1st Security Bank is not expected to have significant global consequences. However, it could serve as a positive sign for the financial sector in the Pacific Northwest and beyond. By attracting a highly experienced finance executive, FS Bancorp demonstrates its commitment to financial stability and growth.
Conclusion
FS Bancorp’s decision to appoint Phillip Whittington as its new CFO is a strategic move that is expected to strengthen the financial position of the Bank and the Company. Whittington’s extensive experience and expertise will provide valuable insights and leadership. While the appointment may not have direct implications for individual customers, it could lead to improved financial products and services. On a larger scale, this change represents a positive sign for the financial sector and the economy as a whole.
- FSBW appoints Phillip Whittington as CFO
- Whittington brings 15+ years of experience to the role
- Mullet to continue as President
- Appointment expected to improve financial position and services
- No significant global consequences
