First Northwest Bancorp
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Financials : Banks | Small Cap Blend
Company profile

First Northwest Bancorp is the bank holding company for First Federal Savings and Loan Association of Port Angeles (the Bank). The Bank is a community-oriented financial institution primarily serving the North Olympic Peninsula region of Washington. The Bank offers a range of products and services focused on the lending and depository needs of the communities it serves. The Bank provides commercial and consumer banking services to individuals and businesses located primarily on the Olympic Peninsula in the State of Washington. These services include deposit and lending transactions that are supplemented with borrowing and investing activities. The Bank's principal lending activities are focused on first lien one- to four-family mortgage loans, and commercial and multi-family real estate loans. The Bank also makes construction and land loans (including lot loans), commercial business loans and consumer loans.

Closing Price
$16.36
Day's Change
-0.69 (-4.05%)
Bid
--
Ask
--
B/A Size
--
Day's High
16.84
Day's Low
16.20
Volume
(Heavy Day)
Volume:
34,337

10-day average volume:
25,846
34,337

California Pizza Kitchen files for bankruptcy, plans exit in less than 3 months

9:18 am ET July 30, 2020 (MarketWatch)
Print

California Pizza Kitchen said Thursday that it has filed for bankruptcy, as the restaurant chain looks to close unprofitable locations and reduce its long-term debt load, and emerge from bankruptcy in under three months. The company said it has entered into a restructuring support agreement with lenders to equitize the vast majority of its long-term debt. The agreement includes contemplating $46.8 million in debtor-in-possession financing, which will allow the company's restaurants to continue operating, and for the continued payments to vendors and employees. "The unprecedented impact of COVID-19 on our operations certainly created additional challenges, but this agreement from our lenders demonstrates their commitment to CPK's viability as an ongoing business," said Chief Executive Jim Hyatt. The company joins a list of companies that have gone bankrupt amid the pandemic, including Denbury Resources Inc. (DNR), J.C. Penney Co. Inc. (JCPNQ), Brooks Brothers, Ann Taylor and Loft parent Ascena Retail Group Inc. (ASNA) and Hertz Global Holdings Inc. (HTZ).

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 30, 2020 09:18 ET (13:18 GMT)

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