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FS Bancorp, Inc. Announces CEO Succession Plan
FS Bancorp, Inc. (FSBW) | August 15, 2025
By Charlie Brown
FS Bancorp, Inc. announced the CEO succession plan involving the retirement of Joe Adams and the appointment of Matthew Mullet as President and CEO of 1st Security Bank.
Joe Adams will continue as CEO of FS Bancorp, Inc. until May 2026.
The succession plan was carefully planned by the Board of Directors to ensure a smooth transition and continuation of strong leadership.
Leadership Transition
Joe Adams is retiring as CEO of 1st Security Bank, with Matthew Mullet taking over as President and CEO.
Continuity in Leadership
Joe Adams will remain as CEO of FS Bancorp, Inc., providing stability and continuity in leadership.
Board Approval
The Board of Directors endorsed the succession plan and expressed confidence in Matthew Mullet's leadership abilities.
The CEO succession plan signals a strategic shift in leadership at FS Bancorp, Inc. and 1st Security Bank.
Investors and stakeholders can expect a seamless transition with the new leadership team in place.
The announcement of the CEO succession plan reflects FS Bancorp, Inc.'s commitment to effective corporate governance and ensuring continued success in the future.
