Northrim BanCorp, Inc. Buyback
OLI recorded this information on 2/1/2021
Northrim BanCorp, Inc.
Share Amount Authorized:
Northrim BanCorp, Inc. (NASDAQ: NRIM) today announced that its Board of Directors has authorized for repurchase up to an additional 313,000 shares of its common stock, or approximately 5% of the currently issued and outstanding shares. Prior to the increase, no shares remained available for repurchase under Northrim's stock repurchase program.
Northrim BanCorp is a bank holding company. Co.'s direct wholly-owned subsidiaries include: Northrim Bank, which operates a factoring business through its subsidiary, Northrim Funding Services, and also provides various commercial and consumer loan and deposit products, investment products, and electronic banking services over the Internet; Northrim Investment Services Company, which owns Pacific Wealth Advisors, LLC, an investment advisory, trust, and wealth management business; and Northrim Statutory Trust 2, which facilitates a trust preferred securities offering by Co. Also, Co. originates one-to-four family residential mortgages throughout Alaska which it sells to the secondary market.
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Hold (2.00 out of 4)