1st Security Bank - M&A Summary and Business Overview

Financial ServicesCompany

1st Security Bank M&A Summary

1st Security Bank has acquired 2 companies, including 1 in the last 5 years.

1st Security Bank’s largest acquisition to date was in 2018, when it acquired Anchor Bancorp. for $31M. 1st Security Bank has acquired in 2 different US states. The Company’s most targeted sectors include financial services (100%).

1st Security Bank Business Overview

Where is 1st Security Bank headquartered?

1st Security Bank is headquartered in Mountlake Terrace, Washington.

What is 1st Security Bank’s revenue?

1st Security Bank disclosed revenue of 120M USD for 2022 and 121M USD for 2021.

How many employees does 1st Security Bank have?

1st Security Bank has 405 employees.

What sector is 1st Security Bank in?

1st Security Bank is a financial services company.

When was 1st Security Bank founded?

1st Security Bank was founded in 1936.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 2

1st Security Bank

FS Bancorp, Inc. (1st Security Bank Of Washington)

6920 220th Street SW,
Mountlake Terrace, Washington 98043
United States,
(425) 771-5299
www.fsbwa.com

1st Security Bank is the holding company for 1st Security Bank, which provides loan and deposit services primarily to small and middle-market businesses and individuals in Western Washington through its 21 bank branches and eight loan production offices in various suburban communities in Western Washington, and one loan production office in the market area of the Tri-Cities, Washington. 1st Security services home mortgage customers throughout Washington State with an emphasis in Western Washington and Tri-Cities home lending markets. 1st Security Bank was incorporated in 1936 and is based in Mountlake Terrace, Washington.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 1 - - 1 - - 2
vol $31M $31M
Sell (0.0/yr) # - - - - - - 0
  2

Most Recent M&A

Company Date Value Type
Columbia Banking System - Seven Branches in Washington and Oregon 2022-11-07 - Divestiture
Newport, Oregon
Anchor Bancorp. 2018-11-16 31M USD Divestiture
Lacey, Washington · www.anchornetbank.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 2 (100%) 31M (100%) - -
Total 2 $31M - -

By Geo

State/Country Buy Value Sell Value
United States 2 31M - -
  Washington 1 31M - -
  Oregon 1 - - -
Total 2 $31M - -

Top M&A Advisors

Financial Deals
Raymond James - Investment Banking
 1
Legal Deals
Keller Rohrback
 1

Deal Values

buy # Total
< $100M 1 $31M
TOTAL $31M
Largest Anchor Bancorp.
$31M (2018-11-16)

M&A Connections

Deals
Acquired from
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Financial Services

Revenue

120   1% 2022
121   5% 2021
127   42% 2020
90   31% 2019
69   12% 2018
62   13% 2017
55   2016
(millions of USD) Show More Show Less

Employees

405

Established

1936

Public

NASDAQ: FSBW

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Related Lists for 1st Security Bank

Washington Companies , Financial Services Companies , United States Companies , Washington Financial Services Companies , Washington Financial Services with Acquisitions , Washington Financial Services with Divestitures

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