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First Financial Northwest adopts new share repurchase plan

Renton, Wash.-based First Financial Northwest Inc.'s board authorized the repurchase of up to 5.0% of the company's outstanding common stock, or about 513,000 shares.

The company intends to commence repurchases starting no earlier than Jan. 27 and ending no later than July 27. Shares may be repurchased on the open market or in privately negotiated transactions.

The company repurchased 132,952 common shares at an average price of $14.21 per share under its previous buyback program, which was in effect from July 30, 2019, through Dec. 17, 2019.