The Online Investor
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.

Open the NRIM Page at The Online Investor »

Company Name: 
Northrim BanCorp Inc
Stock buyback: 
NRIM buyback
Website: 
www.northrim.com
Sector: 
Banking & Savings
Number of ETFs Holding NRIM: 
17
Total Market Value Held by ETFs: 
$18.97M
Total Market Capitalization: 
$272.00M
% of Market Cap. Held by ETFs: 
6.97%
 

Open the NRIM Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Email EnvelopeFree NRIM Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Hold (2.00 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)

Analysts' Target Price:
NRIM Stock Forecast

Based on Zacks ABR data;
powered by Xignite

Financial M&A - Slide 47 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.