Item 8.01 Other Events

On November 5, 2008, First Financial Northwest, Inc. ("Company") announced that its Board of Directors had authorized the repurchase of up to 2,285,280 shares, or approximately 10%, of the Company's outstanding publicly held shares of common stock and that the Company had elected not to participate in the Treasury Department's TARP Capital Purchase Program. A copy of the press release announcing the stock repurchase program and decision with respect to the TARP Capital Purchase Program is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1 Press release of First Financial Northwest, Inc. dated November 5, 2008

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