Matthew Mullet CEO of 1st Security Bank of Washington, has been appointed to the Seattle branch board of directors for the Federal Reserve Bank of San Francisco (SF Fed).
The SF Fed is one of 12 Reserve Banks in the Federal Reserve System that work to advance the nation’s monetary, financial and payment systems to build a stronger economy for all Americans. As part of the U.S. central bank, the SF Fed serves the Twelfth Federal Reserve District, which covers the nine western states, two territories and a commonwealth.
“It’s a great honor to be chosen to sit on a board which has such an impact on the monetary policy for our community banks and their customers in our federal reserve district,” Mullet said. “I hope to provide guidance and lend my expertise to future decisions the board makes which affect our local banking community.”
Mullet joined 1st Security Bank in 2011 from Golf Savings Bank, where he was the bank’s chief financial officer. Before being promoted to his current role of CEO in 2025, he held the title of chief financial officer of the bank. He started his banking career in 2000 as a financial examiner with the Washington State Department of Financial Institutions.
