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DIXON, Calif. - First Northern Community Bancorp (OTCQX:FNRN), a $163.65 million market cap community bank currently trading near its 52-week high of $10.50, announced that Richard A. Bedoya has joined its Board of Directors effective July 17, 2025, according to a company press release.
Bedoya, who will serve on the Bank’s Audit, Asset/Liability, and Directors Loan Committees, succeeds Foy McNaughton, who retired on July 20 after 25 years of service upon reaching the bank’s mandatory retirement age for directors.
With over 30 years of experience in the automotive and agricultural industries, Bedoya currently serves as Owner and Partner at DuPratt Ford Auburn. He also owns Dixon Bee Company and Bedoya Orchards.
"Richard’s extensive business acumen and deep roots in our communities make him an exceptional addition to our Board," said Jeremiah Smith, President and Chief Executive Officer of First Northern Community Bancorp and First Northern Bank.
Bedoya has been involved in community service for more than two decades, including roles with the Dixon Lions Club, Davis Little League, and Dixon Dolphins Swim. He also serves on the advisory board for automotive technology at Cosumnes River College.
First Northern Bank, headquartered in Solano County since 1910, operates 14 branches across Northern California counties including Solano, Yolo, Sacramento, Placer, Colusa, and Glenn, as well as the west slope of El Dorado County. The bank maintains strong financial health with an "GREAT" overall score according to InvestingPro analysis, generating $70.01 million in revenue over the last twelve months with a modest P/E ratio of 8.09. For detailed insights and additional metrics, investors can access more than 10 exclusive ProTips and comprehensive financial analysis through InvestingPro.
The bank’s board now consists of ten members, including Chairman Sean P. Quinn, Vice Chairman Richard M. Martinez, and seven other directors from various communities served by the institution. With the bank’s upcoming earnings report scheduled for July 30, 2025, InvestingPro subscribers can access detailed financial metrics and expert analysis to make informed investment decisions.
In other recent news, First Northern Community Bancorp announced a change in its auditing firm following a merger involving its current auditor. On June 3, 2025, the company was informed that Moss Adams LLP, its independent registered public accounting firm, merged with Baker Tilly US, LLP. As a result, Moss Adams resigned as the company’s auditor, and audit practices are now being conducted under Baker Tilly US, LLP. The Audit Committee of First Northern Community Bancorp’s Board of Directors approved the appointment of Baker Tilly as the new independent registered public accounting firm. It’s noteworthy that the audit reports from Moss Adams for the years ending December 31, 2024, and 2023, were not modified or qualified, indicating no adverse opinions or disclaimers. These developments are part of the recent changes within the company.
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