Welcome to our dedicated page for First Northern news (Ticker: FNRN), a resource for investors and traders seeking the latest updates and insights on First Northern stock.
First Northern Community Bancorp (OTCQX: FNRN), the holding company for First Northern Bank, regularly releases detailed financial and corporate updates that are captured on this news page. As an independent community bank focused on relationship banking in Northern California, its announcements provide insight into lending activity, deposit trends, and performance metrics across its regional footprint.
Investors and observers can find earnings press releases that discuss quarterly and year-to-date net income, net interest income, net interest margin, efficiency ratio, and returns on average assets and equity. These updates also describe movements in total assets, loans, and deposits, as well as commentary on credit loss provisions or reversals and tax-related strategies that affect reported results.
Beyond earnings, First Northern Community Bancorp and First Northern Bank issue news about governance and leadership, such as board appointments and executive changes, including the hiring of key officers like the Chief Credit Officer and the retirement of long-serving executives. The bank’s communications also highlight developments in its branch network and franchise, including transactions to acquire additional branches in Northern California communities.
Because First Northern Bank emphasizes small business, commercial, real estate, and agribusiness lending, news items often reference trends in these loan categories and the bank’s role as an SBA Preferred Lender. Readers can use this page to follow how the company’s community banking model translates into financial performance and strategic actions over time. For ongoing context around FNRN, this news feed serves as a centralized view of the company’s public announcements and disclosures.
Summary not available.
Summary not available.
First Northern Community Bancorp (OTC-PINK: FNRN) reported a strong financial performance for 2022, showcasing a net income of
First Northern Community Bancorp (OTC-PINK: FNRN) has completed the acquisition of three Columbia State Bank branches located in Orland, Willows, and Colusa, California. This acquisition follows Columbia Bank's pending merger with Umpqua Holdings Corporation. All employees from the acquired branches will be retained, and the branches will continue to operate under the First Northern Bank brand. With this acquisition, First Northern Bank expands its footprint to 14 full-service branches across various counties, enhancing its community banking presence in the North Valley region.
Columbia Banking System is divesting three branches in Northern California to comply with the U.S. DOJ requirements related to its merger with Umpqua Holdings Corporation. The branches, containing approximately $128 million in deposits and $4 million in loans, will be sold to First Northern Bank. This transaction is expected to close in Q1 2023, pending regulatory approval. All employees will be retained by First Northern, and operations at these branches will continue. Columbia aims to serve the Northern California market through Umpqua Bank branches post-merger.
First Northern Community Bancorp (OTC-PINK: FNRN) reported a net income of
First Northern Community Bancorp (FNRN) reported a net income of
First Northern Community Bancorp (OTC-PINK: FNRN) announced new leadership at its 2022 Organization Meeting. Patrick R. Brady was elected Chairman for a two-year term, while John M. Carbahal was elected Vice Chairman for one year. Both leaders have extensive experience with the bank, with Brady joining its Board in 2013 and Carbahal serving since 1996. Their governance roles center around enhancing financial management and corporate governance strategies, leveraging their prior experience in healthcare and accountancy.
Louise Walker has announced her retirement as CEO of First Northern Bank effective December 31, 2022, after 12 years in the role. Jeremiah Smith, the current Senior Executive Vice President, will succeed her as President and CEO starting January 1, 2023. Walker will remain on the boards of both the Company and the Bank. Smith has 19 years of experience with the Bank and is expected to uphold its mission of community engagement and personalized service. Chairman Richard Martinez expressed gratitude for Walker's leadership and optimism for Smith’s future direction.
First Northern Community Bancorp (OTC-PINK: FNRN) reported a net income of