First Northwest Bancorp Partners with Splash Financial for Consumer Lending

On January 12, 2022, First Northwest Bancorp announced a strategic fintech partnership with Splash Financial, a digital lending platform. Through its subsidiary First Fed Bank, FNWB will collaborate with Splash Financial to develop and deploy consumer loan products and solutions throughout the United States. Splash Financial operates an automated underwriting platform that brings credit unions and banks of all sizes into one shopping experience, helping borrowers save thousands of dollars in interest payments.

CEO Matt Deines described the collaboration as bringing together 'the best of fintech and community banking' to meet customer needs nationwide. The partnership allows borrowers to easily shop and compare financial products from a network of lenders through Splash's platform. This deal reflects a broader industry trend of community and regional banks partnering with fintechs to improve efficiency, streamline processes, and access innovative customer-facing applications.