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Financial M&A image Financial M&A » By The Online Investor Staff, updated Mon., Dec. 6, 1:11 PM Recent mergers and acquisitions in the Financial M&A category.

Slide #47. Northrim BanCorp Alaska Pacific Bancshares, Inc.

Acquirer: Northrim BanCorp (NASDAQ:NRIM)
Acquiree: Alaska Pacific Bancshares, Inc.
Details: "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. Also, Co. originates one-to-four family residential mortgages throughout Alaska which it sells to the secondary market.

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Company Name: 
Northrim BanCorp Inc
Stock buyback: 
NRIM buyback
Banking & Savings
Number of ETFs Holding NRIM: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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