Bailout Bank Bio: First Northern Community Bancorp

May 26, 2009 | 2 min read | Print Article

First Northern Community Bancorp is a bank holding company whose only subsidiary, First Northern Bank of Dixon (First Northern), a California state chartered bank, conducts general banking activities, including collecting deposits and originating loans, and serves Solano, Yolo, Sacramento, Placer and El Dorado Counties. First Northern is in the commercial banking business, which includes accepting demand, interest bearing transaction, savings, and time deposits, and making commercial, consumer, and real estate related loans. It also offers installment note collection, issues cashier’s checks, sells travelers’ checks, rents safe deposit boxes, and provides other customary banking services. First Northern also offers a range of alternative investment products and services. It offers equipment leasing and limited international banking services through third parties. The company was founded in 1910 and is headquartered in Dixon, California.

In January the company announced that it was participating in the Treasury Department’s Capital Purchase Program. Under the program the company received $17.5 million in exchange for preferred stock.

Resources

Bank Bio Chart | Financial Documents | Federal contracts

Lobbying reports | Political Contributions | Related Articles

Bailout Bank Bio: First Northern Community Bancorp (First Northern Bank)


Federal Equity Investment	$17.5 million
Total Revenue	$46.7 million (2008) $55.8 million (2007)
Net Income	-$1.4 million (2008) $7.3 million (2007)
Number of Employees	243
Corporate Headquarters	Dixon, California
Business Sector	Bank
Officers and Directors	Onsum, Owen, President, Chief Executive Officer, Director Andrews, Frank, Chairman of the Board Other Officers and Directors
Corporate Website	https://www.thatsmybank.com
Executive Compensation	First Northern Community Bancorp