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FIRST NORTHERN COMMUNITY BANCORP

(FNRN)
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First Northern Community Bancorp : Matthew Peyret Promoted to Senior Vice President/Agribusiness Commercial Loan Team Manager

04/16/2021 | 03:37pm EDT

PRESS RELEASE

FOR IMMEDIATE RELEASE

Contact: Kimberly A. DeBra

April 16, 2021

EVP/Chief Communications Officer

FIRST NORTHERN BANK

P.O. Box 547

Dixon, California

(707) 678-3041

Matthew Peyret Promoted to Senior Vice President/

Agribusiness Commercial Loan Team Manager

Matthew Peyret

Senior Vice President,

Agribusiness Commercial

Loan Team Manager

Dixon, CA- Jeff Adamski, Executive Vice President/Senior Loan Officer of First Northern Bank, is pleased to announce that Matthew (Matt) Peyret has been promoted to Senior Vice President/Agribusiness Commercial Loan Team Manager. Matt replaces Peter Faye, who retired on March 31, 2021, after 12 years with the Bank.

Matt joined First Northern Bank's Agribusiness Loan Team in 2014 and in those seven years, he has been successful in growing the Bank's Agribusiness relationships. In his new position, he will be responsible for managing the Bank's Agribusiness Commercial Loan Team, deepening current client relationships, and continued expansion of the Agribusiness loan portfolio.

Matt has more than 16 years' experience in banking and portfolio management, business development, underwriting, and risk analysis in the areas of commercial real estate, agricultural, and commercial lending.

Matt is a native Californian who grew up in Yuba City and continues to live there with his wife and two children, He is very active in the community, serving as a Marysville Rotarian since 2007, a Board Member for The Center for Land Based Learning, a Class 50 Fellow at the California Agricultural Leadership Foundation, a site council member for Tierra Buena Elementary School and as a soccer and basketball coach. Matt is also a 2018 graduate of Leadership Sacramento-a program designed by the Sacramento Metro Chamber Foundation for civic leaders.

- more -

First Northern Community Bancorp & First Northern Bank

April 16, 2021

Matt holds a Bachelor of Science in Business Administration, with an emphasis in Financial Services, from California State University, Chico and is a graduate of Pacific Coast Banking School at the University of Washington in Seattle. While an undergraduate, Matt was a Golden Key National Society member and a member of Beta Gamma Sigma Honor Society.

Matt's offices are located at 195 N. First Street, Dixon, CA 95620, and 11 W. Court St., Suite A, Woodland, CA 95695. He can be reached at (530) 406-2053, or mpeyret@thatsmybank.com.

About First Northern Bank

As the Sacramento Region's local leader in small-business lending and customer satisfaction, First Northern Bank specializes in relationship banking. 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, through First Northern Advisors, including: Auburn, Davis, Dixon, Fairfield, Rancho Cordova, Roseville, Sacramento, Vacaville, West Sacramento, Winters, and Woodland. The Bank 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 branches. First Northern is rated as a Veribanc "Blue Ribbon" Bank and a "5-Star Superior" Bank by Bauer Financial, for the earnings period of December 31, 2020 (www.veribanc.comand www.bauerfinancial.com). The Bank can be found on the Web at www.thatsmybank.com, on Facebookand on LinkedIn.

Forward-Looking Statements

This press release may include certain "forward-looking statements" about First Northern Community Bancorp and its subsidiaries (the "Company"). These forward-looking statements are based on management's current expectations, including but not limited to statements about market conditions and current expectations about strategic focus and competitive advantages, and are subject to certain risks, uncertainties and changes in circumstances. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors. More detailed information about these risk factors is contained in the Company's most recent reports filed with the Securities and Exchange Commission on Forms 10-K and 10-Q, each as it may be amended from time to time, which identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements. The financial information contained in this release should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's most recent reports on Form 10-K and Form 10-Q, and any reports on Form 8-K. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances arising after the date on which they are made. For further information regarding the Company, please read the Company's reports filed with the SEC and available at www.sec.gov.

###

Disclaimer

First Northern Community Bancorp published this content on 16 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 April 2021 19:36:06 UTC.


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Financials (USD)
Sales 2020 52,1 M - -
Net income 2020 12,2 M - -
Net cash 2020 273 M - -
P/E ratio 2020 10,7x
Yield 2020 -
Capitalization 156 M 156 M -
EV / Sales 2019 0,42x
EV / Sales 2020 -2,71x
Nbr of Employees 214
Free-Float 91,8%
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Managers and Directors
NameTitle
Louise A. Walker President, Chief Executive Officer & Director
Kevin M. Spink Chief Financial Officer & Executive Vice President
Richard M. Martinez Chairman
Jeremiah Z. Smith Chief Operating Officer & Senior Executive VP
John M. Carbahal Independent Director