FMSB First Mutual Bancshares (MM)

First Mutual Bancshares, Inc. (NASDAQ:FMSB) announced today its Board of Directors has declared a quarterly cash dividend of $0.09 per share. The dividend is payable on April 6, 2007, to shareholders of record March 23, 2007. Last month, First Mutual reported record profits for 2006, with diluted earnings per share of $1.60, up 7% from $1.49 in the previous year. 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 sales finance offices in Orange Park, Florida and Mt. Clemens, Michigan. www.firstmutual.com