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Ticker:FMSB
Company Name: First Mutual Bancshares, Inc.

Business Overview from 10-K filing for First Mutual Bancshares, Inc.:

First Mutual Bancshares, Inc. (the "Company") is a Washington corporation, which was formed for the purpose of becoming the bank holding company for First Mutual Bank (the "Bank"). The Bank's reorganization was completed on October 26, 1999, on which date the Bank became the wholly-owned banking subsidiary of the Company, and the stockholders of the Bank became stockholders of the Company. The Company's only significant activity is holding the stock of the Bank and engaging in certain passive investment activities. This discussion refers to the consolidated statements of the Company and the Bank, and therefore the references to "Bank" in this discussion refer to both entities. First Mutual Bank was incorporated as a Washington state-chartered mutual savings bank in 1968 known as First Mutual Savings Bank and was the successor to Eastside Savings and Loan Association, which was organized in 1952 and commenced operations in 1953.     

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