First Northern Bancorp Secures CFO with New Agreement

First Northern Community Bancorp (FNRN) just unveiled an announcement.

First Northern Bank and its CFO, Kevin Spink, have cemented their partnership with a freshly inked Employment Agreement promising an annual salary of $301,764, subject to performance-based reviews by the board. This deal, set for a renewable one-year term, also includes robust termination benefits, offering Spink a severance of up to 200% of his salary and average bonuses if ousted post a corporate takeover, ensuring his financial security amidst the dynamic power plays of the banking sector.

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