First Northern Bancorp names Brett Hamilton as Chief Credit Officer, replacing retired Joe Danelson

FIRST NORTHERN COMMUNITY BANCORP

Joe Danelson retired as EVP/Chief Credit Officer effective March 31, 2024; stays through April 5 for transition.
Brett Hamilton appointed EVP/Chief Credit Officer effective April 1, 2024, with 25+ years banking experience from Tri-Counties Bank and Rabobank.
Hamilton's employment agreement provides $287,000 base salary, plus eligibility for Annual Incentive Plan and $40,000 restricted stock grant.
Change-of-control severance: 200% of base salary plus average bonus if terminated within two years after change in control.
Executive Retirement/Retention Agreement vests Awards at age 58, with accelerated vesting upon termination without cause or within 24 months after change in control.

item 5.02 item 9.01

Executive movements

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Departed

Joe Danelson

Executive Vice President/Chief Credit Officer

FNRN · FIRST NORTHERN COMMUNITY BANCORP

Effective: 2024-03-31
Successor: Brett Hamilton
Filed: April 4, 2024, 7:59 PM ET

Joe Danelson, retired as Executive Vice President/Chief Credit Officer of First Northern Community Bancorp (the “Company”) and its subsidiary, First Northern Bank of Dixon (the “Bank”), effective March 31, 2024.

Appointed

Brett Hamilton

Executive Vice President/Chief Credit Officer

FNRN · FIRST NORTHERN COMMUNITY BANCORP

Effective: 2024-04-01
Filed: April 4, 2024, 7:59 PM ET

On April 3, 2024, the Company announced that Brett Hamilton has replaced Joe Danelson as Executive Vice President/Chief Credit Officer of the Company and the Bank, effective April 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Joe Danelson retired as Executive Vice President/Chief Credit Officer at FIRST NORTHERN COMMUNITY BANCORP.

Action: retired
Role: Executive Vice President/Chief Credit Officer

Exact text from the filing

Joe Danelson, retired as Executive Vice President/Chief Credit Officer of First Northern Community Bancorp (the “Company”) and its subsidiary, First Northern Bank of Dixon (the “Bank”), effective March 31, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brett Hamilton was appointed as Executive Vice President/Chief Credit Officer at FIRST NORTHERN COMMUNITY BANCORP.

Action: appointed
Role: Executive Vice President/Chief Credit Officer

Exact text from the filing

On April 3, 2024, the Company announced that Brett Hamilton has replaced Joe Danelson as Executive Vice President/Chief Credit Officer of the Company and the Bank, effective April 1, 2024.

View on SEC.gov

FIRST NORTHERN COMMUNITY BANCORP filing history →

Source: SEC EDGAR

accession 0001114927-24-000031

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