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An announcement from First Northern Community Bancorp (FNRN) is now available.
Joe Danelson has retired from his role as Executive Vice President/Chief Credit Officer at First Northern Community Bancorp and its subsidiary, with Brett Hamilton stepping in effective April 1, 2024. Hamilton’s employment agreement includes a $287,000 base salary subject to annual review, automatic renewal terms, and eligibility for the company’s Annual Incentive Plan. Additionally, he has a robust severance package related to involuntary termination or a change of control, and he will receive restricted stock and a performance-based executive retirement/retention award, which fully vests on his 58th birthday, unless terminated for cause.
For detailed information about FNRN stock, go to TipRanks’ Stock Analysis page.
