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FS Bancorp Inc (FSBW.OQ)

FSBW.OQ on NASDAQ Stock Exchange Capital Market

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13 Dec 2017
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Summary

Name Age Since Current Position

Ted Leech

67 Independent Chairman of the Board

Joseph Adams

55 Chief Executive Officer, Director

Matthew Mullet

36 Chief Financial Officer, Treasurer, Secretary and Chief Financial Officer of the bank

Robert Fuller

55 2013 Chief Credit Officer

Drew Ness

50 2008 Chief Operating Officer

Dennis OLeary

47 2012 Chief Lending Officer of the Bank

Judith Cochrane

68 Independent Director

Marina Cofer-Wildsmith

47 Independent Director

Michael Mansfield

58 2008 Independent Director

Margaret Piesik

64 2006 Independent Director

Joseph Zavalgia

66 Independent Director

Biographies

Name Description

Ted Leech

Mr. Ted A. Leech is an Independent Chairman of the Board of FS Bancorp, Inc. He was retired from Univar Corporation. From January 2003 to February 2005, Mr. Leech was Vice President of Business Development where he conducted feasibility studies and investigated potential investments in China, Hong Kong, Singapore, Australia, Malaysia, Indonesia and Brazil. Prior to that, Mr. Leech was Senior Vice President of Administration for Univar USA where he was responsible for accounting, payables/receivables, information systems, treasury, legal, human resources and internal audit. As a result of his professional experiences, Mr. Leech brings strong leadership, management, finance, accounting and human resource skills to our board. Mr. Leech’s expertise also qualifies him as a financial expert, which was the basis of his selection as Chairman of the Audit Committee.

Joseph Adams

Mr. Joseph C. Adams is Chief Executive Officer, Director of FS Bancorp, Inc. He has also served in those capacities for FS Bancorp since its formation in September 2011. He joined 1st Security Bank of Washington in April 2003 as its Chief Financial Officer. Mr. Adams served as Supervisory Committee Chairperson from 1993 to 1999 when the bank was Washington’s Credit Union. Mr. Adams is a lawyer having worked for Deloitte as a tax consultant, K&L Gates as a lawyer and then at Univar USA as a lawyer and Director, Regulatory Affairs. Mr. Adams received a Masters Degree equivalent from the Pacific Coast Banking School in 2007.

Matthew Mullet

Mr. Matthew D. Mullet is Chief Financial Officer, Treasurer, Secretary and Chief Financial Officer of the bank of FS Bancorp, Inc. Mr. Mullet started his banking career in June 2000 as a financial examiner with the Washington State Department of Financial Institutions, Division of Banks, where he worked until October 2004. From October 2004 until August 2010, Mr. Mullet was employed at Golf Savings Bank, Mountlake Terrace, WA, where he served in several financial capacities, including as Chief Financial Officer from May 2007 until August 2010. In August 2010, Golf Savings Bank was merged with Sterling Savings Bank, where Mr. Mullet held the position as Senior Vice President of the Home Loan Division until resigning and commencing work at 1st Security Bank of Washington.

Robert Fuller

Mr. Robert B. Fuller is a Chief Credit Officer of 1st Security Bank of Washington,, Prior to his employment with the Bank, Mr. Fuller served as Chief Credit Officer of several local community banks and as Chief Financial Officer/Chief Credit Officer for a private residential lending fund. Mr. Fuller also served as Executive Vice President, Chief Operating Officer, and Chief Financial Officer of Golf Savings Bank from March 2001 to September 2006 and was a member of the integration team for the Golf sale to Sterling Savings Bank. Mr. Fuller started his banking career at US Bank of Washington’s mid-market production team and has over 27 years of banking experience.

Drew Ness

Mr. Drew B. Ness, is Chief Operating Officer of 1st Security Bank of Washington in September 2008. Mr. Ness has 24 years of diverse banking experience, including retail branch sales and service, branch network management, and national customer service training experience. He served as Vice President and Manager of the Corporate Deposit Operations Department for Washington Federal, Seattle, Washington from February 2008 until August 2008, following its acquisition of First Mutual Bank. Mr. Ness served as Vice President and Administrative/Operations Manager of the Retail Banking Group at First Mutual Bank, Bellevue, Washington from June 2004 through February 2008, and in various management positions for Bank of America in Seattle, Washington and Newport Beach, California prior to that.

Dennis OLeary

Mr. Dennis V. OLeary is Chief Lending Officer of the Bank, the financial institution subsidiary of FS Bancorp, Inc., effective December 19, 2012. He has served as Senior Vice President – Consumer, Small Business and Construction Lending since he joined the Bank in August 2011. Prior to his employment with the Bank, Mr. O’Leary previously served for five years as Senior Vice President and Puget Sound Regional Director of the residential construction lending division for Sterling Savings Bank.

Judith Cochrane

Ms. Judith A. Cochrane is an Independent Director of FS Bancorp, Inc. From May 2006 until her retirement in February 2011. Prior to that, Ms. Cochrane was Vice President/Manager, Municipal Trading and Underwriting for BancAmerica Securities, LLC., where she was employed for 23 years Ms. Cochrane is an arbitrator for Financial Industry Regulatory Authority (FINRA). She also served as Managing Director for Bank of America, in charge of Northwest Capital Markets. Ms. Cochrane’s professional experience brings depth to the Board in the areas of finance and the capital markets.

Marina Cofer-Wildsmith

Ms. Marina Cofer-Wildsmith is an Independent Director of FS Bancorp, Inc. She has spent 20 years working in nonprofit management and business development. Since September 2009, Ms. Wildsmith has been working as a business growth and development consultant for health care and real estate/investment companies. As a consultant, she assists management in the development of business and marketing plans, as well as develops and implements organizational effectiveness and accountability systems. She has also been serving as a Junior Varsity and Assistant Varsity soccer coach at Bainbridge High School on Bainbridge Island, Washington since May 2008. Prior to 2008, Ms. Wildsmith served as Chief Executive Officer for the American Lung Association of the Northwest (2005-2007) and in numerous capacities with the Northwest, Washington and Eastern Missouri chapters of the American Lung Association including: Chief Executive Officer, American Lung Association of Washington (2003-2005); Communications and Marketing Director; and Program Director (1990-1993; 1995-2003). Her career achievements include developing and mobilizing the air quality forecasting model used by the media nationally, establishing the first regional office of the American Lung Association in the Pacific Northwest, and advocating for essential legislation to improve public health. Ms. Wildsmith is also very active in the community serving, and having served, on numerous advisory boards. She currently serves on the Puget Sound Clean Air Agency Board of Directors (2006- present) and on the Rotary Club of Bainbridge Island Board of Directors (2012-2015). She has her undergraduate degree in Biology and Anthropology from the College of William and Mary, Williamsburg, VA and her graduate degree in Educational Processes from Maryville University.

Michael Mansfield

Mr. Michael J. Mansfield is an Independent Director of FS Bancorp, Inc. He spent 16 years with Deloitte LLP before joining Moss Adams LLP in 1995, where he was a partner for more than 10 years. During his time with Moss Adams, Mr. Mansfield served as the lead of the Business Owner Succession Services Practice in the Seattle office and he served as a member of the firm’s Tax Committee. He provided taxation, business and financial accounting services to a variety of clients in the financial services, construction, manufacturing and distribution, and service industries. In January 2008, Mr. Mansfield left Moss Adams to start Family Fortunes, LLC., a consulting company aimed at assisting individuals and business owners develop and execute strategic plans, with the goals of enhancing value proposition and creating a legacy vision for families and business owners. In addition, Mr. Mansfield is a minority owner/part-time Chief Financial Officer for Pacific Pile & Marine, L.P., a construction company, and Columbia Pacific Finance, LLC, a financial services company. Mr. Mansfield’s 26 years of experience as a public accountant.

Margaret Piesik

Ms. Margaret R. Piesik is an Independent Director of FS Bancorp, Inc. She was a senior manager for Microsoft Corporation in its PowerPoint Presentation Division. Ms. Piesik worked at Microsoft for 11 years until retiring in 1998. She served on the board of directors of the Providence Hospital Foundation from 2001 to 2003 and since 2004 has served as the President of Swedish Medical Center Service League. She is a co-owner of White Barn Farm, a family owned organic flower and vegetable farm. She previously served on the boards of Providence Hospital Foundation and the Kirkland Performance Center. Ms. Piesik is also active in local organizations such as Swedish Hospital Service League and participates in the Grow A Row program for local food banks. Ms. Piesik’s managerial experience, together with her various board experiences and active participation in the local community, brings valuable knowledge and skills to our organization.

Joseph Zavalgia

Mr. Joseph P. Zavalgia is an Independent Director of FS Bancorp, Inc. since February 2008, which provides retail banking and small business advisory services to community banks. He also runs the Heart of Italy, an Italian cooking school. Mr. Zavaglia started his career with Rainier Bank in 1975 in branch operations and was ultimately promoted to manager, overseeing up to 13 branches. From 1987 until 2003, he served as a Senior Vice President and Regional Manager with Security Pacific Bank, which acquired Rainier Bank in 1987, and then with Bank of America, which acquired Security Pacific Bank in 1992. In February 2003, Mr. Zavaglia joined First Mutual Bank as its Executive Vice President, Retail Banking Group manager. He resigned in 2008 to begin his consulting company and cooking school. Mr. Zavaglia has formerly held Series 6, 63, and 26 securities licenses and his state insurance license for life and disabilities. He has been a member of the administrative board of Pacific Coast Banking School for the past 9 years, and is a 1986 graduate of the program. He was a member of the Pete Gross House Board for 14 years, is chair of the Italian Studies board at the University of Washington, is past State Board Chair for the March of Dimes where he served for 15 years, and is a former mentor in the Seattle University mentorship program and a former member of the Dean’s advisory board for the School of Business at Seattle University. Mr. Zavaglia is a member of the athletic Hall of Fame, a Regent, and a member of the Hall of Fame selection committee at Seattle University. Additionally, in 2012 he received a Distinguished Alumnus award from the Woodring College of Education of Western Washington University. Mr. Zavaglia’s extensive banking experience, together with his numerous board experiences, educational background and active participation in the local community, brings valuable knowledge, experience and skills to our organization.