Curt Queyrouze has been appointed president and chief executive officer of First Fed. He takes the reins today.

He will replace interim CEO Geri Bullard, who will continue to serve as executive vice president and CEO of First Fed and its holding company, First Northwest Bancorp.

Queyrouze was appointed by the First Fed Board of Directors on Thursday, Sept. 11.

Bullard was appointed to the interim position on July 13 to replace Matt Deines, who resigned as president and CEO on July 5.

According to an SEC filing on Thursday, Queyrouze, 64, will receive a base salary of $550,000 per year, a signing bonus of $100,000 and 50,000 shares of restricted stock.

Starting in 2026, he will become eligible for short-term incentive awards with an annual target of 50 percent of his base salary, and long-term incentive awards with an annual target of 35 percent of his base salary. He will receive a car and gas allowance of $1,000 per month plus $500 per month toward life insurance during his term of employment, which runs through Dec. 31, 2028.

Deines’ base salary was $515,000 a year at the time of his departure.

Queyrouze previously served as president of Everett-based Coastal Financial Corporation. Prior to that, he was president and CEO of Utah-based TAB Bank T, from 2016 to 2022, and its chief credit officer from 2014 to 2016. From 2009 to 2012, he was senior vice president and loss mitigation manager for Hancock Whitney Bank headquartered in Gulfport, Miss.