2008-05-24 01:19:40 -
- First Northern Community Bancorp (OTCBB:FNRN), holding company for First Northern Bank, today announced that at the May 15, 2008 Organization Meeting of the Board of Directors of First Northern Community Bancorp and First Northern Bank, Gregory DuPratt was elected to a 5-year term as Chairman and John M. Carbahal was elected Vice Chairman. They bring to their new positions
24 years of combined directorship experience with First Northern.
DuPratt has served on the Board since July 1996. He was named Vice Chairman of the Board in 2003 and currently serves on the Directors' Audit, Compensation, Loan, and Profit Sharing Committees. Carbahal has also served on the Board since 1996 and currently serves as Chairman of the Bank's Audit Committee and as a member of both the Asset Management & Trust, and Management/Governance Committees.
DuPratt, who holds a B.S. in Agricultural Economics and Business Management from the University of California, Davis and an MBA from the University of Southern California, is Vice President/General Manager of Ron DuPratt Ford, a family auto business located in Dixon, Calif. DuPratt joined his father in business in 1979. He has worked in all phases of the dealership, including parts, service, body shop and sales. DuPratt became Sales Manager in 1985 and General Manager in 1994. Ron DuPratt Ford celebrated its 50th Anniversary in 2006.
DuPratt is a member of the Dixon Downtown Revitalization Committee and Dixon Downtown Business Association. He is past President and board member of the Dixon Rotary Club, past Chairman of the Board of Trustees for the Silveyville Cemetery District and past board member of the Dixon Chamber of Commerce.
Carbahal is a Certified Public Accountant and co-founder of Carbahal & Company, Inc., an Accountancy Corporation located in Davis, Calif. For the past 24 years, Carbahal & Company has been named as one of the Top 25 Accountancy Firms in the Sacramento area by the Sacramento Business Journal. Carbahal earned a B.S. in Business Administration from California State University, Chico and an MBA in Taxation from Golden Gate University in San Francisco.
Carbahal is a member of the Davis Sunrise Rotary Club, a past President of the Winters Rotary Club, and a member of the California Society of Certified Public Accountants as well as the American Institute of Certified Public Accountants. He has served as President of the Yolo County Chamber of Commerce and is a former community college accounting instructor. Carbahal's professional affiliations also include membership in Beta Alpha Psi, a national accounting fraternity, and the Yolo County Farm Bureau.
First Northern's other directors, and the year in which they joined the Board, are: Lori J. Aldrete - 1995, Frank J. Andrews Jr. - 1993, John F. Hamel - 1975, Diane P. Hamlyn - 1985, Foy S. McNaughton - 2000, Owen John Onsum - 1996, David W. Schulze - 1978, and Andrew S. Wallace - 2007.
First Northern Bank, an independent community bank headquartered in Solano County since 1910, serves Solano, Yolo, Sacramento, Placer and the west slope of El Dorado counties. First Northern currently has 11 branches located in Dixon, Davis, West Sacramento, Fairfield, Vacaville (2 Branches), Winters, Woodland, Downtown Sacramento, Roseville and Folsom. The Bank has real estate lending offices in Davis, Woodland, Roseville and Folsom, and has an SBA Loan Department and full service Trust Department in Sacramento. The Bank recently announced its intention to open a full-service financial center in the City of Auburn in mid-2008. The Bank also offers non-FDIC insured Investment and Brokerage Services through Raymond James Financial Services, Inc. at each of its branch locations. First Northern Community Bancorp's stock is listed on the OTC Bulletin Board under the ticker symbol "FNRN." The Bank can be found on the Web at www.thatsmybank.com.
Forward-Looking Statements
This press release may include certain "forward-looking statements" about First Northern Community Bancorp (the "Company"). These forward-looking statements are based on management's current expectations 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, 10-Q and 8-K, 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. The Company undertakes no obligation to update these 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.
First Northern Bank
Kimberly A. DeBra, 707-678-3041
SVP/Corporate Communications
