FS Bancorp, Inc. announced the appointment of Matthew D. Mullet as the President and CEO of 1st Security Bank.
Current CEO Joe Adams will be retiring from his position on September 1, 2025, with Matt Mullet taking over.
Joe Adams will continue to serve as CEO of FS Bancorp, Inc.
The succession plan was carefully planned by the Board of Directors with confidence in Matt Mullet's leadership abilities.
CEO Succession Plan
Matthew D. Mullet appointed as President and CEO of 1st Security Bank, replacing Joe Adams.
Retirement
Current CEO Joe Adams will retire from 1st Security Bank on September 1, 2025.
Continuity
Joe Adams will remain as CEO of FS Bancorp, Inc. after his retirement from 1st Security Bank.
Board Confidence
The Board of Directors expresses confidence in Matt Mullet's leadership abilities and knowledge of the bank.
- The announcement of the CEO succession plan indicates a smooth transition in leadership at FS Bancorp, Inc.
- Matt Mullet's appointment highlights the company's commitment to sustainable growth and continuity.
- Joe Adams' tenure as CEO has been instrumental in driving growth and building shareholder value over the past 22 years.
The succession plan at FS Bancorp, Inc. signifies a strategic move in leadership aimed at continued growth and stability. The Board's confidence in Matt Mullet reflects a positive outlook for the company's future.