ITEM 7.01 REGULATION FD DISCLOSURE
On June 2, 2021, First Northern Community Bancorp issued a press release
announcing a new stock repurchase program for the Company's outstanding common
stock. This new program will begin June 15, 2021 and remain in effect until
June 14, 2023. A copy of this press release is furnished herewith as Exhibit
99.1.
ITEM 8.01 OTHER EVENTS
The Board of Directors of First Northern Community Bancorp (FNRN), holding
company of First Northern Bank, has announced a stock repurchase program for the
Company's outstanding common stock. Based on market conditions, share
repurchases may be made from time to time in the open market or in privately
negotiated transactions. The repurchase program will begin June 15, 2021 and
will remain in effect until June 14, 2023. The program allows repurchases in an
aggregate amount of no more than 4% of First Northern Community Bancorp's
13,680,085 outstanding shares of common stock as of March 31, 2021. This
represents total shares of 547,203 eligible for repurchase which, at the closing
price of $11.35 on June 2, 2021, would equate to total consideration of
approximately $6.2M if all eligible shares were repurchased. The Board of
Directors has determined that the maximum aggregate repurchases will not impair
the capital of the Corporation. Any repurchases are intended to be conducted in
accordance with the limitations, guidelines, and restrictions relative to
timing, price, manner, and volume of Rule 10b-18 promulgated by the Securities
and Exchange Commission pursuant to the Securities Exchange Act of 1934, as
amended.
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FIRST NORTHERN COMMUNITY BANCORP 
