First Northern Bancorp (FNRN) of Dixon, Calif., is nearly halfway out of the Treasury Department's Small Business Lending Fund.

The parent of the $831 million-asset First Northern Bank said Friday that it has redeemed $10 million of the $22.8 million in preferred stock that it issued to the Treasury as part of the SBLF. The lender joined the SBLF in September 2011.

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