DIXON, Calif.–(BUSINESS WIRE)–Louise Walker, Managing Director of First Northern Bank and First Northern Community Bancorp (OTCQB: FNRN), has officially announced her retirement, effective December 31, 2022. With the unanimous support of the Board of Directors, Ms. Walker announced today that Jeremiah Smith, currently Senior Executive Vice President and Chief Operating Officer, will be promoted to President and Chief Executive Officer of the Company and the Bank effective January 1, 2023, as her successor. Ms. Walker will remain on the Boards of the Company and the Bank; after succeeding as president and chief executive officer, Mr. Smith will join both boards as a director.
“It has been an absolute privilege and honor to serve the customers, employees and community members of First Northern Bank for over 43 years. After 12 years as CEO, going through some of the toughest times in my career, it seems about as fair as it gets to make this transition. I am proud to have had the opportunity to support First Northern Bank’s goal of building lasting relationships by meeting specific financial needs on a personalized basis, providing opportunities for our employees and being committed and passionate. to make a difference in our communities.
“After Jeremiah’s 19 years with the Bank, I am confident that he will continue to lead First Northern as a purpose-driven organization, and that the Bank will continue to adapt and grow through his leadership. solid and thoughtful. Jeremiah has demonstrated over the years that his leadership abilities in times of crisis and steady state are exceptional. Community Banking is a people business, and it cares deeply about our employees. He is an incredible community banker who is committed to our customers and understands the importance of the Bank’s role to the communities it serves.
Mr. Smith commented, “I am honored and humbled by this opportunity. Louise has done an outstanding job leading First Northern over the past 12 years. I am fortunate to have Louise as a mentor and look forward to continuing the great work she has done for our shareholders and the communities we serve.
Mr. Smith earned his Bachelor of Science in Finance from California State University, Sacramento. Mr. Smith earned a graduate certificate from the Pacific Coast Banking School at the University of Washington. Mr. Smith is currently a member of the board of directors of the Greater Sacramento Economic Council, Western Bankers, West Sacramento Chamber of Commerce and West Sacramento Rotary, and serves on various policy committees for the American Bankers Association and California Bankers. Association. He is also a senior member of the American Leadership Forum.
Chairman of the Board, Richard Martinez, added, “On behalf of the Board, we would like to thank Louise for her many contributions to the Bank and for her success. During Louise’s tenure as CEO, First Northern Bank grew in scope and strength. Louise’s passion for the Bank’s mission and her commitment to service should be celebrated. She is deeply committed to making First Northern Bank one of the leading community banks in our region. The Board also looks forward to working with a transformational and charismatic leader like Jeremiah. The Bank could not be in better hands for the next chapter.
Louise is currently Treasurer of the American Bankers Association, Past President of the California Bankers Association and Board Member of Western Bankers, Director of Pacific Coast Bankers Bank and numerous local boards including Valley Vision, Yolo Food Bank, Solano Economic Development Corporation, Lambda Alpha International of Sacramento, Rotary and Soroptimist International of Dixon.
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 Solano, Yolo, Sacramento, Placer, and Contra Costa counties, as well as the western edge of El Dorado County. Experts are available for small business, commercial, real estate and agribusiness loans, as well as mortgages. The bank is a preferred lender of the SBA. Non-FDIC insured investing 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. Home and small business loan officers are available by appointment at any of the Bank’s 11 branches. First Northern is classified as a Veribanc “Blue Ribbon” bank and a “5-Star Superior” bank by Bauer Financial for the results period ended December 31, 2021 (www.veribanc.com) and (www.bauerfinancial.com). The Bank can be found on the web at it’smabanque.comon Facebook and on LinkedIn.
This press release and other public statements may include certain “forward-looking statements” about First Northern Community Bancorp and its subsidiaries (the “Company”). These forward-looking statements are based on management’s current expectations, including, but not limited to, statements about the Company’s expectations regarding its future results, growth and positioning, and transition of senior management and the timing and expected impacts thereof, 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, business and regulatory factors. Given the many challenges and uncertainties resulting from the coronavirus pandemic, such as the extent and duration of the impact on public health, the U.S. and California economies, financial markets, and consumer and business customers and clients, including including economic activity, employment levels and market liquidity, and on our business, results of operations and financial condition, as well as the various actions taken in response to challenges and uncertainties by governments, regulators and others, our forward-looking statements are subject to the risk that conditions may differ materially from what we currently expect. 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 and 10-Q, each as may be amended from time to time. other, which identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements. The financial information in this release should be read in conjunction with the consolidated financial statements and accompanying notes included in the company’s most recent reports on Form 10-K and Form 10-Q, and any reports on Form 8-K . The Company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date on which they are made. For additional information regarding the Company, please read the Company’s reports filed with the SEC and available at www.sec.gov.