First Northern Bank Announces Membership of Alloy Labs Alliance – Consortium of Innovative Community Banks and Launch of “CHUCKTM”, the Open Payments Network

DIXON, Calif .– (COMMERCIAL THREAD) – First Northern Bank (OTCQB: FNRN) today announced its membership in the Alloy Labs Alliance, a consortium of innovative community banks working together to drive innovation and change for community banking services. First Northern Bank is the only member bank in California.

This announcement includes the partnership that Alloy Labs Alliance has created with Payrailz to create the open payments network, CHUCKMT. The CHUCKMT The network will host several technology partners and transaction types that will allow community banks to offer more options to their customers, many of whom want to send money to people using accounts at other banks.

Alloy Labs Alliance has chosen Payrailz, a digital payment company, as a partner to launch this new payment network. MANDRELMT provides a holistic approach to delivering personalized payments to consumers and businesses in a differentiated and cost-effective way. With the introduction of CHUCKMT community banks will now have a choice when it comes to providing instant payment capacity and will no longer have to settle for more expensive, restrictive and closed networks.

Louise Walker, President and CEO of First Northern Bank, said: “Being part of the Alloy Labs Alliance has been a game changer for First Northern Bank. MANDRELMT is an innovative approach to peer-to-peer (P2P) payments and enables community banks to compete strongly in the digital payments space. This open payment network is the first of many innovative applications in the Alloy Labs Alliance roadmap that will give community banks a solid head start in the digital environment that has quickly become a preferred delivery channel for everyday financial transactions. . First Northern Bank eagerly awaits the launch of CHUCKMT in the first quarter of 2022. Alloy Labs Alliance members are committed to dispelling the myth that community banks cannot be technologically advanced.

Members of the Alloy Labs Alliance community bank:

US State Bank, Sioux Center, IA

Capital Bank, Tallahassee, Florida

Chesapeake Bank, Kilmarnock, Virginia

Citizens and Bank of the North, Wellsboro, Pennsylvania

First Financial Bank, Cincinnati, OH

First Northern Bank, Dixon, California

Mercantile Bank of Michigan, Grand Rapids, MI

Reading Co-operative Bank, Reading, MA

Savers Co-Operative Bank, Southbridge, MA

State Bank of the South, Winter Haven, Florida

About First Northern Bank

First Northern Bank is an independent community bank specializing in relationship banking. The Bank, headquartered in Solano County since 1910, serves the counties of Solano, Yolo, Sacramento, Placer and Contra Costa, as well as the western slope of El Dorado County. Experts are available in small business, commercial, real estate and agri-food lending, as well as mortgage lending. The Bank is a preferred lender of the SBA. Non-FDIC-insured investment and brokerage services are available at all branches, including Dixon, Davis, West Sacramento, Fairfield, Vacaville, Winters, Woodland, Sacramento, Roseville, Auburn, and Rancho Cordova. The bank also has a commercial loan office in Walnut Creek. Real estate mortgage and small business loan officers are available by appointment at any of the Bank’s 11 branches. First Northern is rated a Veribanc “Blue Ribbon” bank and a “5 Star Superior” bank by Bauer Financial for the earnings period ended September 30, 2021. For more information, visit

About the Alloy Labs Alliance

The Alloy Labs Alliance is a member-driven, shared innovation lab that helps banks innovate effectively and efficiently to reduce risk, reduce costs, and shorten the time between ideas and results. Alloy Labs leverages the network effects of more than 40 institutions working together to share information, develop proprietary knowledge, develop partnerships and assess return on investment. Alloy Labs also operates The Concept Lab, a reverse accelerator that helps banks build relationships with startups accepted into the program, and a strategic investment group that invests in partner startups. For more information visit

About Payrailz®

Payrailz is a digital payment company offering advanced payment capabilities and experiences including consumer and business bill payment, external and internal transfers, new account funding, P2P, B2B and B2C and other solutions. related to banks and credit unions. Payrailz creates smarter payment experiences for the financial services industry that are predictive and more engaging than currently available alternatives. Financial institutions can confidently embrace the Payrailz API-first and cloud-native technology engine to deliver unique payment solutions to their consumers and businesses. Payrailz helps financial institutions meet today’s payment expectations and the payment innovation needs of tomorrow. For more information visit

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