UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report November 16, 2011
(Date of Earliest event reported)

FIRST NORTHERN COMMUNITY BANCORP
(Exact name of registrant as specified in its charter)

California
68-0450397
(State of Incorporation)
(IRS Employer ID Number)


000-30707
(Commission File No.)


First Northern Community Bancorp
 
195 North First Street, P.O. Box 547, Dixon, California
95620
(Address of principal executive offices)
(Zip Code)


 (707) 678-3041
(Registrant’s telephone number, including area code)

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 


ITEM 8.01  OTHER EVENTS

On November 16, 2011, First Northern Community Bancorp (the “Company”) repurchased from United States Department of the Treasury (‘Treasury”) a warrant to purchase 352,977 shares of the Company’s common stock at an exercise price of $7.39 per share (the “Warrant”), issued to Treasury on March 13, 2009, in connection with the Company’s participation in the TARP Capital Purchase Program.  The Company paid an aggregate purchase price of $375,000 for the repurchase of the Warrant, which has been canceled.  The repurchase price was based on the fair market value of the Warrant as agreed upon by the Company and Treasury.  With the repurchase of the Warrant, the Company concluded its participation in the TARP Capital Purchase Program.




SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:  November 18, 2011
First Northern Community Bancorp
(Registrant)
   
   
 
/s/ Jeremiah Z. Smith
 
By: Jeremiah Z. Smith
 
Executive Vice President/Chief Financial Officer