FS Bancorp, Inc. announced the CEO succession plan with Matthew D. Mullet taking over as President and CEO of 1st Security Bank.
Joseph C. Adams, the current CEO, will be retiring from his position effective September 1, 2025.
Matt Mullet will continue to serve as President of 1st Security Bank and of FS Bancorp, Inc.
Leadership Succession
Joseph C. Adams will retire as CEO of the Bank on September 1, 2025, and continue as CEO of FS Bancorp, Inc.
Appointment of Matt Mullet
Matthew D. Mullet appointed as President and CEO of 1st Security Bank, effective September 1, 2025.
Board's Appreciation
Board of Directors expresses deep appreciation to Joe Adams for his leadership over the past 22 years.
- The succession plan ensures a smooth transition of leadership within FS Bancorp, Inc.
- Matt Mullet's appointment demonstrates confidence in his leadership abilities and knowledge of the bank's operations.
The announcement of the CEO succession plan reflects careful planning by the board and signals continuity in leadership for FS Bancorp, Inc.