FS Bancorp is beginning a search for a new chief financial officer as Phillip D. Whittington prepares to move into a role focused on accounting and external financial reporting. The change affects both the company and its banking subsidiary, 1st Security Bank of Washington.
- Whittington, who currently serves as CFO of both FS Bancorp and the bank, will become director of accounting operations and external reporting.
- He will remain CFO until a successor is identified. The company expects that transition to take place by March 31, 2027.
- FS Bancorp has started an internal and external search for the CFO position.
- The company said the change did not result from a disagreement with Whittington or the bank.
The transition separates the CFO role from Whittington’s future accounting and reporting responsibilities, while keeping him in place during the search for a successor.