DIXON, Calif.--(BUSINESS WIRE)--
Louise Walker, Senior Executive Vice President of First Northern
Community Bancorp and First Northern Bank (OTCBB:FNRN), is pleased to
announce her successor effective at year end when she assumes her new
role as President and Chief Executive Officer of the holding company and
Bank. Jeremiah Z. Smith, currently the Company’s Senior Vice
President/Corporate Controller will move into his new role as Executive
Vice President/Chief Financial Officer. Both Walker and Smith’s
promotions were set in motion by the recent retirement announcement of
President and CEO, Owen “John” Onsum, a 39-year veteran of First
Northern Bank. Onsum will remain a member of the Company’s Board of
Directors.
Smith joined the Company in 2003 and has been working closely with Onsum
and Walker for the better part of the past seven years. Smith has a B.S.
in Business Administration with a concentration in Finance, and he is a
Certified Public Accountant, licensed in the state of California. In
2008, Smith graduated from the Pacific Coast Banking School at the
University of Washington in Seattle. He is a member of the American
Institute of Certified Public Accountants.
In his new position, Smith will manage the Company’s finance department;
he will also be a member of the Bank’s Senior Management team and will
participate in overall strategic planning as well as shareholders
relations.
Smith grew up in Dixon, and currently lives in West Sacramento with his
wife, Lisa, and their three young children. Ms. Walker stated that
Jeremiah is an exceptionally talented banker with an incredible aptitude
for banking and finance. “We are very fortunate to have someone of
Jeremiah’s caliber at First Northern. I have the utmost respect for
Jeremiah and his capabilities; he will be able to seamlessly take on his
new responsibilities as Chief Financial Officer.”
“I am very excited and honored to be working for a company that
understands the importance of vision and values,” Smith said. “The
dedication I see from employees on a daily basis to make a difference in
our customers’ lives and to give back to our communities is nothing less
than amazing. We operate in an intensely competitive business
environment, with expanding regulatory mandates, yet I believe that it
will be financial institutions like First Northern that will continue to
thrive due to the passion and ability of its employees. I look forward
to my expanded responsibilities as Chief Financial Officer; the bar has
been set high by Louise Walker, but I am up for the challenge. I look
forward to making future contributions to the Company as it enters its
second century of successful community banking.”
About First Northern Bank
First Northern Bank, an independent community bank headquartered in
Solano County since 1910, serves Solano, Yolo, Sacramento, Placer and
the west slope of El Dorado County. The Bank marked its 100th
year in business on February 1 and has made a point of celebrating its
history throughout 2010 as one of the Sacramento region’s oldest, and
most trusted community banks. First Northern has 11 branches located in
Dixon, Davis, West Sacramento, Fairfield, Vacaville (2), Winters,
Woodland, Downtown Sacramento, Roseville, and Auburn, a Small Business
Loan Office in Roseville and a full-service Trust Department in
Sacramento. First Northern Bank also offers 24/7 real estate mortgage
loans and non-FDIC insured Investment and Brokerage Services at each
branch location. Real Estate Loan offices are located in Davis,
Roseville and Folsom and real estate loan representatives are available
to meet customers at any of the Bank’s branches by appointment. The Bank
can be found on the Web at www.thatsmybank.com.
Forward-Looking Statements
This press release may include certain "forward-looking statements"
about First Northern Community Bancorp (the "Company"). These
forward-looking statements are based on management's current
expectations and are subject to certain risks, uncertainties and changes
in circumstances. Actual results may differ materially from these
expectations due to changes in global political, economic, business,
competitive, market and regulatory factors. More detailed information
about these risk factors is contained in the Company's most recent
reports filed with the Securities and Exchange Commission on Forms 10-K,
10-Q and 8-K, each as it may be amended from time to time, which
identify important risk factors that could cause actual results to
differ materially from those contained in the forward-looking
statements. The financial information contained in this release should
be read in conjunction with the consolidated financial statements and
notes thereto included in the Company's most recent reports on Form 10-K
and Form 10-Q. The Company undertakes no obligation to update these
forward-looking statements to reflect events or circumstances arising
after the date on which they are made. For further information regarding
the Company, please read the Company's reports filed with the SEC and
available at www.sec.gov.
Source: First Northern Community Bancorp
Contact:
First Northern Community Bancorp & First Northern Bank
Louise
A. Walker, 707-678-3041
SEVP/Chief Financial Officer