FMSB First Mutual Bancshares (MM)

First Mutual Bancshares, Inc. (Nasdaq:FMSB) announced today that John Valaas, President and CEO, and Roger Mandery, EVP and CFO, will be presenting at the D.A. Davidson Eighth Annual Financial Services Conference next week. The holding company for First Mutual Bank is scheduled to present on Wednesday, May 10, 2006, at 9:30 am PDT. The live and archived presentation can be viewed at www.firstmutual.com. The two-day conference will be held at the Bell Harbor Conference Center in Seattle. Last month, First Mutual reported its 54th consecutive quarter of year-over-year earnings growth, with first quarter diluted earnings per share rising 6% from the same period in 2005. First Mutual's consistent performance has garnered attention from a number of sources. Keefe, Bruyette & Woods named First Mutual to its Honor Roll in 2005 and 2004 for the company's 10-year earnings per share growth rate. In August 2005, U.S. Banker magazine ranked First Mutual #34 in the Top 100 Publicly Traded Mid-Tier Banks, which includes those with less than $10 billion in assets, based on its three-year return on equity. First Mutual Bancshares, Inc. is the parent company of First Mutual Bank, an independent, community-based bank that operates 12 full-service banking centers in the Puget Sound area and a sales finance office in Jacksonville, Florida.