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Posted 20 May, 2022

FIRST NORTHERN COMMUNITY BANCORP appointed Mr. Smith as new CEO

OTC:FNRN appointed new Chief Executive Officer Mr. Smith in a 8-K filed on 20 May, 2022.


  Mr. Smith will be promoted to President and Chief Executive Officer of the Company and the Bank effective January 1, 2023.  

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Overview of FIRST NORTHERN COMMUNITY BANCORP
Financial Services • Banking
First Northern Community Bancorp is a bank holding company, which provides banking services to individual and corporate customers. It offers different loan categories such as commercial, commercial real estate, agriculture, residential mortgage, residential construction, and consumer. The company was founded in 1910 and is headquartered in Dixon, CA.
Market Cap
$159M
View Company Details
FIRST NORTHERN COMMUNITY BANCORP by TradingView
Relevant filing section
ITEM 5.02 DEPARTURE OF DIRECTOR OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.


(b) and (c) Retirement and Appointment of Principal Executive Officer


On May 20, 2022, the Company announced that Louise A. Walker will retire as the President and Chief Executive Officer of First Northern Community Bancorp (the "Company") and its subsidiary, First Northern Bank (the "Bank"), effective December 31, 2022, and that Jeremiah Z. Smith, currently the Company's Senior Executive Vice President and Chief Operating Officer, will be her successor. Mr. Smith will be promoted to President and Chief Executive Officer of the Company and the Bank effective January 1, 2023. Mr. Smith, [46], joined the Company in May 2003 as Executive Vice President and Chief Financial Officer, serving in that position until October 2014, when he became Senior Executive Vice President and Chief Operating Officer of the Company and the Bank. Mr. Smith earned his Bachelor of Science degree in Finance from California State University, Sacramento. Mr. Smith received a graduate certificate from the Pacific Coast Banking School at the University of Washington. Mr. Smith does not have any family relationships with any of the Company's other officers or directors, and Mr. Smith does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. The Company expects to enter into an amended employment agreement with Mr. Smith prior to the end of the year and will file an amendment to this Current Report on Form 8-K disclosing additional information regarding the amended terms of Mr. Smith's employment when they have been determined.


(d) Appointment of Director


The Company also announced on May 20, 2022, that, effective upon Mr. Smith's promotion to President and Chief Executive Officer, he will also be appointed to the Board of Directors of the Company and the Bank. Mr. Smith will not receive any additional compensation for his service on the Board of Directors of the Company or the Bank. Following her retirement, Ms. Walker will continue to serve as a member of the Board of Directors of the Company and the Bank and will receive standard director fees.