1st Security Bank Home Lending Names David Pearson Manager

SEATTLE - March 11, 2014 - PRLog -- (MountlakeTerrace WA) -- 1st Security Bank has hired David Pearson as a Loan Officer and Factory Built Home Lending Manager, as announced by Donn Costa, Sr. Vice President, Home Lending.

Pearson, who has over 25 years of experience in the industry, will lead the team specializing in the financing of new and used manufactured and modular homes. Loan programs include homes located in rental or land-lease communities, as well as stage-funded land/home packages.

“I am happy to join 1st Security Bank and the home lending team,” Pearson said. “I’m reuniting with several people I worked with in the past and we have every expectation of providing the best service in the business and becoming the number one factory built home lender in the Northwest.”

A graduate of Western Washington University, Pearson served as Vice President of Factory Built Lending with Golf Savings Bank and later on, after it was purchased by Sterling Bank, with Sterling’s Everett mortgage lending office. He is a board member of the Northwest Housing Association.

“Factory built housing in the Northwest has developed into a truly high quality product in the past ten years,” Costa remarked. “We expect to see a growing trend of increased sales as people discover the advantages of homes built inside the factory with the features they select. The high quality product and reasonable prices have created an increasing demand.”

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1st Security Bank of Washington, Member FDIC and Equal Housing Lender, provides loan and deposit services to customers at its seven bank branches and four home lending offices in the greater Puget Sound area. FS Bancorp, Inc., a Washington corporation, is the holding company for the bank.