Northrim BanCorp Acquisition | Financial Services Deal in AK

Northrim BanCorp acquisition: Northrim BanCorp, Inc. has completed the acquisition of Northrim BanCorp, a banking business in Alaska, for $60,000,000. Northrim BanCorp operates as a financial services provider focused on retail and commercial banking activities in Anchorage, Alaska. The banking acquisition supports financial services M&A strategy by expanding AK acquisitions footprint and strengthening local customer relationships. Classified as other acquisition, the deal is sized in the $50M–$100M range and is expected to close after the effective date of the SEC S-4/A registration statement.