1st Security Bank CEO Joins SF Fed Seattle Branch Board of Directors
1st Security Bank CEO Matthew Mullet was appointed to the Federal Reserve Bank of San Francisco’s Seattle Branch Board of Directors on February 12, 2026. The SF Fed’s Seattle Branch serves community banks across the nine western states and its inclusion may enhance FS Bancorp’s regulatory influence.
1. Appointment Announcement
On February 12, 2026, FS Bancorp, Inc. announced that Matthew Mullet, its CEO and President, was appointed to the Federal Reserve Bank of San Francisco’s Seattle Branch Board of Directors. This board oversees monetary and financial policies affecting community banks across the Twelfth District’s nine western states and territories.
2. Role and Scope of SF Fed Seattle Branch
The Seattle Branch plays a key role in district governance by advising on regional economic conditions and payment systems. Its territory spans Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington, influencing policy decisions impacting banks within this area.
3. CEO Background and Career
Matthew Mullet joined 1st Security Bank in 2011 as Chief Financial Officer and was promoted to CEO in 2025. Prior to joining the bank, he served as CFO at Golf Savings Bank and began his career as a financial examiner with the Washington State Department of Financial Institutions.