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First Northern Community Bancorp (NASDAQ: FNRN), the parent company of First Northern Bank, is a full-service community bank with a rich history dating back to its establishment in 1910. Headquartered in California, the bank has maintained its commitment to personalized banking services and reinvestment in the communities it serves. Operating in Solano, Yolo, Sacramento, Placer, and Contra Costa counties, First Northern Bank has positioned itself as a trusted financial partner for individuals, businesses, and professionals in these regions.
Core Banking Services
First Northern Bank offers a comprehensive suite of traditional banking services tailored to meet the diverse needs of its customers. These include a wide range of deposit products, such as checking and savings accounts, as well as specialized lending solutions. The bank provides commercial, SBA, real estate, agribusiness, and consumer loans, catering to both personal and business financial requirements. Its dedication to superior customer service ensures that clients receive personalized attention and customized financial solutions.
Specialized Financial Services
In addition to its core banking operations, First Northern Bank offers a variety of specialized financial services. These include mortgage lending through its dedicated office in Davis and asset management and trust services based in Sacramento. The bank also provides investment and brokerage services through its offices in Davis and Auburn, offering a full array of non-FDIC-insured products. This diversification enables First Northern Bank to address the complex financial needs of its clients while maintaining its role as a community-focused institution.
Commitment to Community
First Northern Bank's longstanding commitment to community reinvestment is a cornerstone of its business model. By supporting local economic development and fostering relationships with businesses, professionals, and residents, the bank reinforces its role as a vital part of the communities it serves. Its regional focus allows it to understand and address the unique financial challenges and opportunities within its service areas.
Market Position and Differentiation
Operating in a competitive financial landscape, First Northern Bank differentiates itself through its personalized approach, deep community ties, and diverse service offerings. While larger banks and fintech companies may offer similar products, First Northern's emphasis on superior customer service and local expertise sets it apart. By combining traditional banking values with modern financial solutions, the bank continues to meet the evolving needs of its customers while staying true to its mission.
Strategic Infrastructure
First Northern Bank's infrastructure supports its ability to deliver high-quality financial services. Its mortgage loan office, asset management and trust department, and investment and brokerage services are strategically located to maximize accessibility and convenience for its clients. This physical presence, combined with its commitment to technological advancements, ensures that the bank remains a reliable and forward-thinking financial institution.
First Northern Bank exemplifies the enduring value of community banking, balancing tradition with innovation to serve its customers effectively. Its diverse range of services, strong regional presence, and unwavering commitment to personalized service make it a significant player in its market segment.
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
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