Louise Walker, Senior Executive Vice President of First Northern Community Bancorp and First Northern Bank (OTCBB:FNRN), is pleased to announce her successor effective at year end when she assumes her new role as President and Chief Executive Officer of the holding company and Bank. Jeremiah Z. Smith, currently the Company’s Senior Vice President/Corporate Controller will move into his new role as Executive Vice President/Chief Financial Officer. Both Walker and Smith’s promotions were set in motion by the recent retirement announcement of President and CEO, Owen “John” Onsum, a 39-year veteran of First Northern Bank. Onsum will remain a member of the Company’s Board of Directors.
Smith joined the Company in 2003 and has been working closely with Onsum and Walker for the better part of the past seven years. Smith has a B.S. in Business Administration with a concentration in Finance, and he is a Certified Public Accountant, licensed in the state of California. In 2008, Smith graduated from the Pacific Coast Banking School at the University of Washington in Seattle. He is a member of the American Institute of Certified Public Accountants.
In his new position, Smith will manage the Company’s finance department; he will also be a member of the Bank’s Senior Management team and will participate in overall strategic planning as well as shareholders relations.
Smith grew up in Dixon, and currently lives in West Sacramento with his wife, Lisa, and their three young children. Ms. Walker stated that Jeremiah is an exceptionally talented banker with an incredible aptitude for banking and finance. “We are very fortunate to have someone of Jeremiah’s caliber at First Northern. I have the utmost respect for Jeremiah and his capabilities; he will be able to seamlessly take on his new responsibilities as Chief Financial Officer.”“I am very excited and honored to be working for a company that understands the importance of vision and values,” Smith said. “The dedication I see from employees on a daily basis to make a difference in our customers’ lives and to give back to our communities is nothing less than amazing. We operate in an intensely competitive business environment, with expanding regulatory mandates, yet I believe that it will be financial institutions like First Northern that will continue to thrive due to the passion and ability of its employees. I look forward to my expanded responsibilities as Chief Financial Officer; the bar has been set high by Louise Walker, but I am up for the challenge. I look forward to making future contributions to the Company as it enters its second century of successful community banking.”