M&A
confidence high
sentiment positive
materiality 0.45
First Northern completes purchase of three Columbia Bank branches in Northern CA
FIRST NORTHERN COMMUNITY BANCORP
- Acquisition of branches in Orland, Willows, and Colusa, CA closed on January 23, 2023.
- All branch employees were retained; branches remain open as First Northern Bank locations.
- Bank now operates 14 branches across 8 California counties, extending north along I-5.
- Branches divested by Columbia Bank as part of the Columbia Banking System/Umpqua merger.
- Financial terms of the branch acquisition were not disclosed.