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Stock impact report

First Northern Community Bancorp Announces Stock Repurchase Program

FIRST NTHN COMMUNTY BNCRP (FNRN) 
NASDAQ:AMEX Investor Relations: thatsmybank.com
Company Research Source: Business Wire
DIXON, Calif.--(BUSINESS WIRE)--The Board of Directors of First Northern Community Bancorp (FNRN), holding company of First Northern Bank, has announced a stock repurchase program for the Company’s outstanding common stock. Based on market conditions, share repurchases may be made from time to time in the open market or in privately negotiated transactions. The repurchase program will begin May 1, 2024, and will remain in effect until April 30, 2026, unless terminated sooner. The program allows repurchases in an aggregate amount of no more than 6% of First Northern Community Bancorp’s 15,550,731 outstanding shares of common stock as of March 21, 2024 (which includes the stock dividend that was paid on March 25, 2024). This represents total shares of 933,043 eligible for repurchase which, at the closing price of $9.00 on March 21, 2024, would equate to total consideration of approximately $8.4M if all eligible shares were repurchased. The Board of Directors has determined that the Show less Read more
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