Renton, Wash.-based FirstFinancial Northwest Inc. plans to buy back up to $40.0 million in aggregatevalue of its common stock through a modified Dutch auction.
The company plans to repurchase the shares for a price between$13 and $14 per share.
The offer, which represents approximately 23.1% of First Financial'soutstanding common stock as of June 30, is set to expire Aug. 9.
Keefe Bruyette & Woods Inc. is the dealer manager and informationagent for the offer, while Breyer & Associates PC is the company's legal counseland Computershare Trust Company NA will serve as the depositary.