Dixon, California July 25, 2003At the recent Organization Meeting of the Board of Directors of First Northern Community Bancorp and First Northern Bank (the single bank subsidiary of First Northern Community Bancorp), Frank J. Andrews, Jr. was elected to the position of Chairman and Greg DuPratt was elected Vice Chairman.
They bring to their new positions 17 years of combined directorship experience with First Northern. Andrews has served on the Board since April 1993, and DuPratt since July 1996. Andrews was Vice Chairman of the Board in 2002 and currently serves on the Directors’ Loan Committee and Management Committee. DuPratt currently serves on the Directors’ Loan, Marketing, Audit and Compensation Committees, as well as the Bank’s Information Services Steering Committee.
Andrews is a veteran of the land development community, with a career spanning over 36 years. Currently, he is the founder and Managing Partner of ASB Properties, a company he created in 1999 to manage large-scale land development projects. Past and current projects include both Bridgeway Island and Bridgeway Lakes in West Sacramento, California.
Since 1991, he has also been the managing partner of Andrews, Lando and Associates a development company involved in real estate investments and agricultural ventures. Through Andrews, Lando and Associates, Mr. Andrews has managed the first three phases of Gold Ridge, a 1,300-unit project in Fairfield, California and is in the process of completing the fourth phase. Other projects include the River View Point, a 290-unit residential development in Rio Vista, California as well as the Blue Ridge Oaks residential subdivision located in Fairfield and two major quarries, one in Napa and the other in Suisun City. In addition, he has also been involved in land development projects in the Phoenix, Arizona area.
Prior to forming Andrews, Lando and Associates and ASB Properties, Mr. Andrews began his career working for Amos and Andrews, Inc., a course that lasted 25 years. During that time he worked his way up to the position of Vice President and Superintendent of Underground Construction as well as managed his family’s extensive real estate holdings. In this capacity, Mr. Andrews acted as Lead Project Director for the Rancho Solano Development, an upscale 1,200-unit planned community in Fairfield. He was also the founder and President of the land development company, Andrews Management Services Company, Inc.
Mr. Andrews is a former President of the Solano Economic Development Corporation and past President of the Solano County Farmlands and Open Space Foundation.
DuPratt, who has a bachelor’s degree in Agriculture Economics and Business Management from UC Davis and a Master of Business Administration from University of Southern California, is Vice President/General Manger of Ron DuPratt Ford, a family auto business located in Dixon, California. DuPratt joined his father in business in 1979 and has worked in all phases of the company including parts, service, body shop and sales. Mr. DuPratt became Sales Manager in 1985 and moved to the position of General Manager in 1994.
The Ron DuPratt Ford dealership has been awarded the Ford President’s Award for Quality eight times in the seventeen years it has been awarded. The award is Ford’s highest honor and is given to the top one percent of Ford dealers. The DuPratt auto business has tripled in the last seven years, necessitating physical property expansion at the dealership four times during that period.
Mr. 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 Silveyville Cemetery District and past board member of the Dixon Chamber of Commerce.
The Bank’s other directors, and their respective year of directorship are: Lori J. Aldrete – 1995, John M. Carbahal – 1996, John F. Hamel – 1975, Diane P. Hamlyn – 1985, Foy S. McNaughton – 2000, Owen “John” Onsum – 1996, and David W. Schulze – 1978.
First Northern Bank, an independent community bank headquartered in Solano County since 1910, serves Solano, Yolo and parts of Sacramento, Placer and El Dorado Counties. First Northern currently has 10 branches located in Dixon, Davis, West Sacramento, Fairfield, Vacaville, Winters, Woodland, Suisun City and Downtown Sacramento. First Northern Bank has Real Estate Loan Offices in Davis, Vacaville, Roseville and El Dorado Hills, and an SBA Loan Department and Trust Department in Sacramento. In mid-August 2003, the Bank will open a full service real estate loan office in Woodland. First Northern offers a wide range of SBA, real estate, commercial, agricultural and consumer loans, as well as a full array of non-FDIC insured investment and brokerage products and services. The Bank can be found on the Web at www.thatsmybank.com. The Company’s ticker symbol is FNRN.
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.
Contact: Kimberly A. DeBra
Vice President/Corporate Communications & Marketing
FIRST NORTHERN COMMUNITY BANCORP
FIRST NORTHERN BANK
P.O. Box 547
Dixon, California
(707) 678-3041