First Northern Bank Acquires Beacon Wealth Strategies

Acquisition strengthens bank's wealth management platform and ensures continuity of service for Beacon Wealth Strategies' clients.

Feb. 18, 2026 at 11:47pm

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First Northern Advisors, a division of First Northern Bank, has announced the acquisition of Beacon Wealth Strategies, an independent financial advisory firm. As part of the transition, Beacon Wealth Strategies' founder Tom Cicchini will join First Northern Advisors and work with clients ahead of his planned retirement in June 2026. The acquisition will strengthen First Northern Bank's wealth management platform through increased assets under management and ensure the continued delivery of personalized wealth management services to Beacon Wealth Strategies' clients.

Why it matters

The acquisition underscores First Northern Bank's ongoing commitment to expanding its wealth management services while maintaining the high level of personal service and long-standing client relationships that are central to its approach. It also highlights the bank's strategy to grow its assets under management through strategic acquisitions of respected independent advisory firms.

The details

As part of the acquisition, Beacon Wealth Strategies' founder Tom Cicchini will join First Northern Advisors and work closely with clients and staff ahead of his planned retirement on June 30, 2026. During this transition period, Beacon Wealth Strategies' clients will be supported by the experienced team of financial advisors at First Northern Advisors, ensuring continuity of service, trusted relationships, and personalized attention. Clients of Beacon Wealth Strategies will continue to have their accounts managed through Raymond James, ensuring stability, continuity, and access to comprehensive investment resources.

  • First Northern Advisors announced the acquisition on February 17, 2026.
  • Tom Cicchini, the founder of Beacon Wealth Strategies, plans to retire on June 30, 2026.

The players

First Northern Bank

An independent community bank that specializes in relationship banking and serves Solano, Yolo, Sacramento, Placer, Colusa, and Glenn counties, as well as the west slope of El Dorado County.

Beacon Wealth Strategies

A well-respected independent financial advisory firm owned and operated by Tom Cicchini.

Tom Cicchini

The founder of Beacon Wealth Strategies, who will join First Northern Advisors and work closely with clients and staff ahead of his planned retirement on June 30, 2026.

Jeremiah Smith

The President and CEO of First Northern Bank.

Raymond James Financial, Inc.

A leading diversified financial services company that will continue to manage the accounts of Beacon Wealth Strategies' clients after the acquisition.

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What they’re saying

“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.”

— Jeremiah Smith, President and CEO of First Northern Bank

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This acquisition highlights First Northern Bank's strategy to grow its wealth management business through selective acquisitions of respected independent advisory firms, while maintaining its focus on personalized service and long-standing client relationships.