First Savings Bank of Washington


	OPENS NEW FULL-SERVICE BRANCH IN SPOKANE, WASHINGTON



		Exterior View

Walla Walla, WA – June 9, 2000 -- First Washington Bancorp (NASDAQ: FWWB) and its wholly-owned subsidiary, First Savings Bank of Washington, today announced the June 15^th opening of a new commercial banking branch in Spokane, WA. This full service branch will offer a complete array of business services under the management of Bob Olson and Pat Tebo. Both Olson and Tebo have actively served the banking needs of the Spokane business community for many years.




		Interior View




		Jennifer handles new accounts.


	First Savings Bank has operated a residential real estate office in Spokane since 1990. This operation will continue at the new location, 12209 E. Mission Street, under the guidance of Darrel Monasmith. With this latest addition to First Savings Bank, FWWB’s affiliated branches will total 37, together with six lending offices and three investment centers.


	Darrel Monasmith


	“First Savings Bank has a strong history of service to individual customers and their communities and providing a wide range of deposit and lending products,” said Gary Sirmon, President and CEO of FWWB and President of First Savings Bank of Washington. “We have aggressively expanded to provide a full array of services to our business clients.”




		Kathy at the teller window




		Norma handles commercial loans

Formed in 1995, FWWB has achieved a four-year average annual growth rate of 32%, ending the first quarter on March 31, 2000 with assets totaling $1.9 billion. First Washington Bancorp is the parent of First Savings Bank and its divisions –Seaport Citizens Bank in Lewiston, ID and Whatcom State Bank in Bellingham, WA – and of Inland Empire Bank in Hermiston, OR and Towne Bank in Woodinville, WA. These community-oriented institutions operate in 18 counties within three states, Washington, Oregon and Idaho.

Through its subsidiaries, FWWB serves the Spokane and Pacific Northwest economic regions with business, commercial real estate, construction, residential and agricultural loans.

First Savings Bank of Washington
Spokane Valley Branch
12209 E. Mission Ave.
Spokane, WA 99214
(509) 228-0200 phone
(509) 228-0990 fax
Web site: http://www.fsbw.com