DIXON, Calif.--(BUSINESS WIRE)--
First Northern Bank today announced its plans to open a commercial loan
production office in Walnut Creek. The new loan office is expected to
open in mid-April in the Mt. Diablo Plaza. The address for the Bank’s
new loan office will be 2175 N. California Blvd, Suite 310, Walnut
Creek, California 94596.
“Expanding into Contra Costa County is a natural progression for our
bank, as it is contiguous to Solano County,” explained Louise A. Walker,
President and Chief Executive Officer. “The East Bay Area has
experienced a quicker rebound from the recession compared to the greater
Sacramento region, and we believe it is a good time to expand the Bank’s
brand and grow our footprint into Contra Costa County.”
The Walnut Creek Commercial Lending Office will be staffed by a team of
commercial lending experts from the greater East Bay area. Carlos Chavez
is Senior Vice President/East Bay Region Commercial Loan Team Manager;
Lorraine M. Sue is Vice President/Commercial Lending Officer; Margaret
Lowell is Vice President/Commercial Lending Officer; and Gloria Rocha is
Assistant Vice President/Credit Analyst. “They are a welcome addition to
the First Northern Bank family. They bring a wealth of knowledge and a
depth of experience with a combined total of over 75 years in the
banking industry. We are extremely excited to have a team of this
caliber onboard,” Walker added. The new loan office will originate,
process, underwrite and fund a full range of lines of credit, equipment
loans and leases, owner and investor commercial real estate loans,
construction loans, Commercial & Industrial loans, SBA 504 and 7A loans,
letters of credit, and business acquisition loans for small to medium
sized businesses throughout Contra Costa County.
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. First Northern has 10 branches
located in Dixon, Davis, West Sacramento, Fairfield, Vacaville, Winters,
Woodland, Downtown Sacramento, Roseville, and Auburn, and has a full
service Trust Department in Sacramento. First Northern Bank also offers
24/7 real estate mortgage loans, SBA loans, and non-FDIC insured
Investment & Brokerage Services at each branch location. Real Estate
Mortgage Loan offices are located in Davis and Roseville, and real
estate loan representatives are available to meet customers at any of
the Bank’s branches by appointment. The Bank specializes in relationship
banking and employs experts in the area of small business, commercial,
agribusiness, and real estate lending, as well as wealth management, and
is rated as a “Superior” 5-Star Bank by BauerFinancial Inc. (www.bauerfinancial.com).
First Northern Community Bancorp (ticker symbol FNRN:OTCQB), is the
single-bank holding company for First Northern Bank. 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, national and local 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 any
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 any 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.
First Northern Community Bancorp & First Northern Bank
Kimberly
A. DeBra, 707-678-3041
Executive Vice President/Corporate
Communications
Source: First Northern Community Bancorp