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First Northern Community Bancorp Completes Acquisition Of Three Columbia Bank Branches In Northern California

PRIVATEJan 23, 2023

Acquiring Company

First Northern Bank

Acquired Company

Columbia Banking Systems

DixonColumbiaFinancial ServicesFinanceLendingBanking

Description

First Northern Community Bancorp (the “Company”, OTCQB: FNRN), holding company for First Northern Bank (“First Northern” or the “Bank”), today announced that its acquisition of three Columbia State Bank (“Columbia Bank”) branches in Orland, Willows, and Colusa, California, has been successfully completed.

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Company Information

Company

First Northern Bank

Location

Dixon, California, United States

About

First Northern Bank is an independent community bank that specializes in relationship banking. The Bank, headquartered in Solano County since 1910, now serves Solano, Yolo, Sacramento, Placer, Contra Costa, Glenn, Colusa, and 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 Dixon, Davis, West Sacramento, Fairfield, Vacaville, Winters, Woodland, Sacramento, Roseville, Auburn, Rancho Cordova, Colusa, Willows and Orland. The Bank also has a commercial lending office in Walnut Creek. Real estate mortgage and small-business loan officers are available by appointment in any of the Bank’s 14 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 September 30, 2022 (veribanc.com) and (bauerfinancial.com). The Bank can be found on the Web at thatsmybank.com, on Facebook and on LinkedIn.

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Frequently asked

Who acquired Columbia Banking Systems?

Columbia Banking Systems was acquired by First Northern Bank, based in Dixon. The deal was reported on January 23, 2023. First Northern Bank is an independent community bank that specializes in relationship banking. First Northern Bank is privately held and operates in Financial Services.

When did First Northern Bank acquire Columbia Banking Systems?

First Northern Bank's acquisition of Columbia Banking Systems was reported on January 23, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Columbia Banking Systems do?

Columbia Banking Systems is a significant player in the regional banking sector. The company has a robust asset base, totaling $70 billion. It aims to enhance its market position through strategic acquisitions. It is privately held, and is based in Columbia.

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