Dixon, California, August 24, 2021.– (BusinessWes) – First North Bank (OTCBFNRN) is proud to announce that the Great Sacramento Economic Council has appointed Jeremiah Smith, Chairman of the newly formed Community Reconciliation Coalition, as its Vice President and Chief Executive Officer. It re-invests in low- and middle-income communities. CRC’s initial initiative to address the housing crisis in Greater Sacramento will be funded by $ 100 million.
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Jeremiah Smith, SEVP / CEO (Photo – Business Wire)
The regional community bank executives who will join Jeremiah on the RRC are James Beckwit, a five-star bank, Stephen Fleming of River City Bank, Sian Macmulalan of Suncrest Bank, and Michael Olag Bank of Sierra Leone. In the future, more banks will be able to join the committee.
“We look forward to building this partnership to focus on the need for more affordable housing options for our banks,” said Jeremiah. Housing information shows how important and important this initiative is in the Sacramento region. With the cooperation of local community leaders and our $ 100 million housing subsidy, we believe we can find a meaningful way to address this. An important issue throughout our region.
“First North Bank has always played an important role in ensuring that the communities we serve are highly respected and active. The CCC mission is a natural fit for the bank, and I am honored to be a part of this. Critical Coalition focused on finding solutions that would have a positive and lasting impact on our region.
About the First North Bank
First North Bank is an independent community bank engaged in communications banking. Headquartered in Solano County since 1910, Bank Solano, Yolo, Sacramento, Plaster and Konta Costa Districts, as well as the western slopes of El Doradon County. Experts specialize in small business, commercial, real estate and agricultural loans, as well as mortgages. The bank is SBA’s preferred lender. Investment and brokerage services for FDS Insurance, including Ddison, Davis, West Sacramento, Fairfield, Vacaville, Winter, Woodland, Sacramento, Rosville, Auburn and Ranco Cordova, are available at all branches. The bank has a commercial lender’s office in Walnut Creek. Real estate mortgage and microfinance executives are available for appointment at any of the Bank’s 11 branches. First, March 31, 2021 (www.veribanc.com) and (www.bauerfinancial.com), Vernis Financial Bank “Blue Ribbon” Bank and “Five-Star Superior” Bank were rated Bauer Finance. The bank can be found on thatsmybank.com, Facebook and LinkedIn.
About the Great Sacramento Economic Council
The Great Sacramento Economic Council is an indicator of innovative growth strategies in the California capital. The organization leads a community-led direction to maintain, attract, grow and develop tradable sectors, develop advanced industries and create jobs and investment in six counties. Great Sacramento represents cooperation between local and regional governments, market leaders, influencers and stakeholders, and its sole mission is to drive inclusive economic growth. Greater Sacramento is a land of discovery, leadership, and creativity.
This press release may include some “forward-looking statements” about the First Northern Community Bankcope and its affiliates (“Company”). These forward-looking statements are based on the administration’s current promises, including statements on market conditions and strategic focus and competitive advantages, and are subject to certain risks, assumptions and changes in circumstances. As a result of global political, economic, trade, competition, market, and regulatory changes, tangible results may differ materially from expectations. More detailed information on the causes of these hazards in the Company’s latest reports on Forms 10-K and 10-Q, each of which may be modified from time to time, may cause significant hazards and may differ materially from future results. The financial information contained in this release must be accompanied by consolidated financial statements and notes along with the latest reports on Company Form 10-K and Form 10-Q and any reports on Form 8-K. The Company is not obligated to update any future statements to reflect events or circumstances that occur after the date of the event. For more information about the company, please read the company’s reports to the SEC at www.sec.gov.
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Kimberly A. Debra
EVP / Chief Communications Officer
First North Bank
PO Box 547