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Auburn Sentinel

American Banker Ranks First Northern Bank in Top 200 List

Aug 06, 2020 12:00AM ● By By Rashelle Snead, First Northern Bank

DIXON, CA (MPG) - First Northern Community Bancorp (the “Company”, OTCQB: FNRN), holding company for First Northern Bank (“FNB” or the “Bank”), announced that First Northern Bank earned a place among the top 200 publicly traded community banks in the United States as determined by American Banker magazine. The annual ranking is for community banks with less than $2 billion in assets and was released with the magazine’s May 2020 issue.

The ranking—based on a three-year average of each bank’s return on average equity (ROAE), placed FNB at #99, up from its 137th-place ranking last year. The honor recognizes the local community bank as one of just a handful of Northern California-based banks to make the grade.

Over the last three years, FNB’s ROAE averaged 10.92%, a reflection of the Bank’s financial stability and strength, but also the management team’s ability to generate income from the equity available to it. First Northern Bank recently celebrated its 110th year in business as an independent community bank that specializes in relationship banking. The Bank has consistently ranked as the #1 local small business lender in the greater Sacramento region for over a decade.

The Bank, headquartered in Solano County since 1910, serves Solano, Yolo, Sacramento, Placer, and Contra Costa Counties, as well as the west slope of El Dorado County. Experts are available in small-business, commercial, real estate and agribusiness lending, as well as mortgage loans. The Bank is an SBA Preferred Lender. Non-FDIC insured Investment and Brokerage Services are available at every branch location, including: Auburn, Davis, Dixon, Fairfield, Rancho Cordova, Roseville, Sacramento, Vacaville, West Sacramento, Winters, and Woodland. The Bank also has a commercial lending office in Walnut Creek and a mortgage loan office in Sonoma. Real estate mortgage and small-business loan officers are available by appointment in any of the Bank’s 11 branches. First Northern is rated as a Veribanc “Blue Ribbon” Bank and a “5-Star Superior” Bank by Bauer Financial for the earnings period ended March 31, 2020 (www.veribanc.com) and www.bauerfinancial.com).

The Bank can be found on the Web at thatsmybank.com, on Facebook and on LinkedIn.