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FS Bancorp, Inc. Announces CEO Succession Plan
FS Bancorp, Inc. (FSBW) | August 15, 2025
By Ethan Davis
FS Bancorp announced CEO succession plan with Joe Adams retiring and Matt Mullet named President and CEO of 1st Security Bank and FS Bancorp.
Joe Adams to remain CEO of FS Bancorp until May 2026.
Matt Mullet appointed as President and CEO of 1st Security Bank, effective September 1, 2025.
CEO Succession Plan
Joe Adams retiring as CEO of 1st Security Bank with Matt Mullet taking over the role.
Leadership Transition
Board praises Joe Adams for his leadership and appoints Matt Mullet as the successor, highlighting his financial services experience and community banking knowledge.
Matt Mullet's Background
Matt Mullet's extensive banking career history and executive leadership roles prior to his appointment as President and CEO of 1st Security Bank.
The succession plan ensures a smooth transition in executive leadership at FS Bancorp and 1st Security Bank.
Matt Mullet's appointment reflects the company's confidence in his abilities to lead and continue the growth trajectory established under Joe Adams' leadership.
The appointment of Matt Mullet as President and CEO marks a significant milestone in FS Bancorp's leadership evolution, signaling continuity and strategic vision for the future.
