First Northern Bank, a subsidiary of First Northern Community Bancorp, finalized its acquisition of Beacon Wealth Strategies on February 17, 2026. The independent advisory firm, owned by Tom Cicchini, will be integrated into First Northern Advisors while its clients continue to be served through Raymond James.
The deal expands First Northern Bank’s wealth‑management platform by adding Beacon’s client base and assets under management. Beacon’s advisory team will join First Northern Advisors, and Tom Cicchini will remain with the firm until his planned retirement on June 30, 2026, to ensure a smooth transition for clients.
Strategically, the acquisition deepens First Northern Bank’s relationship‑banking model and broadens its product offerings. By adding Beacon’s high‑net‑worth clientele, the bank aims to enhance fee income and cross‑sell lending and deposit products to a more affluent customer segment. First Northern Bank operates 14 branches across Northern California, and the acquisition strengthens its presence in the Sacramento Valley’s high‑net‑worth market.
Financially, First Northern Community Bancorp reported net income of $6.0 million for the quarter ended December 31, 2025, and $21.1 million for the twelve months ended December 31, 2025. While the deal value was not disclosed, the acquisition is expected to contribute to the bank’s growth trajectory and fee‑income expansion.
Jeremiah Smith, President and CEO of First Northern Bank, said, "Beacon Wealth Strategies has built a reputation for providing thoughtful, personalized guidance to its clients. We are excited to welcome their clients to First Northern Advisors and look forward to continuing this legacy of trust and exceptional service."
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