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FS Bancorp, Inc. Announces the Appointment of Matthew D. Mullet as a Director of FS Bancorp, Inc.

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FS Bancorp, Inc. Announces the Appointment of Matthew D. Mullet as a Director of FS Bancorp, Inc.

FS Bancorp, Inc. (NASDAQ: FSBW) (the “Company”), the holding company for 1st Security Bank of Washington (the “Bank”), today announced that Matthew D. Mullet had been appointed to serve on the Boards of Directors of both the Company and the Bank.

The Company’s Governance Nominating and Culture Committee proposed Mr. Mullet’s appointment to the Company’s Board and the Board of Directors ratified and approved the appointment. His appointment to the Board of Directors was effective October 22, 2026.

“We are pleased to welcome Matt to our Board of Directors,” said Ted A. Leech, Chairman of the Board. His extensive leadership experience across all areas of banking along with his deep understanding of financial services, loan and deposit strategies, regulatory expertise, operations, governance and risk management, will be invaluable as the Company continues to expand and strengthen the value we deliver to our shareholders, customers, employees and communities.”

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Mr. Mullet has been the President of the Company and Bank since July 2024 and was appointed Chief Executive Officer of the Bank in September 2025 and of the Company in June 2026. He joined the Company and Bank in July 2011 and was appointed Chief Financial Officer in September 2011. Mr. Mullet began his banking career in June 2000 as a financial examiner with the Washington State Department of Financial Institutions, Division of Banks. He also serves as a Board member of the Washington Bankers Association (“WBA”), the Seattle Branch of the Federal Reserve Bank of San Francisco and is also on the Government Relations Committee with the WBA.


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