|This Slide: #47 of 100|
Slide #47. Northrim BanCorp — Alaska Pacific Bancshares, Inc.
Northrim BanCorp (NASDAQ:NRIM)
Alaska Pacific Bancshares, Inc.
"On the first day of this month, we completed the acquisition of Alaska Pacific Bancshares, Inc. ("Alaska Pacific") in a stock and cash transaction valued at $14.61 million, expanding our franchise into Juneau, Ketchikan and Sitka and bringing a strong contingent of Alaskan bankers to our team," said Marc Langland, Chairman, President and CEO of Northrim Bancorp. We now have 15 branch locations that serve 75% of Alaska's population. We are delighted to welcome the customers and employees of Alaska Pacific to Northrim and look forward to a long and prosperous relationship."
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. Co. also originates one-to-four family residential mortgages throughout Alaska which it sells to the secondary market.
NRIM SEC Filing Email Alerts Service
Open the NRIM Page at The Online Investor »
Hold (2.00 out of 4)