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Announced

Completed

First Northern Community Bancorp completed the acquisition of three branches in Northern California from Columbia Banking System.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Acquisition

banking services

Banks

Single Bidder

Majority

Private

Friendly

United States

Completed

Synopsis

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First Northern Community Bancorp, a bank holding company for a community bank, completed the acquisition of three branches in Northern California from Columbia Banking System, a commercial banking institution. Financial terms were not disclosed. "We are excited about the expansion of our franchise through the proposed acquisition of these branches. These markets are a natural fit for First Northern and allow us to extend our footprint north along the I-5 corridor. We are committed to serving the communities of Colusa, Orland and Willows and look forward to welcoming the Columbia branch employees with open arms and providing our new customers and communities with First Northern Bank's exceptional brand of personalized service," Louise A. Walker, First Northern President and CEO.

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