Financial M&A » By The Online Investor Staff, updated Thu., Jun. 30, 4:39 PM
Recent mergers and acquisitions in the Financial M&A category.
| This Slide: #87 of 100 |
Slide #87. Northrim BanCorp — Alaska Pacific Bancshares, Inc.
Acquirer:
Northrim BanCorp (NASDAQ:NRIM)
Acquiree:
Alaska Pacific Bancshares, Inc.
Details:
Northrim BanCorp, Inc. (Nasdaq:NRIM) today announced the completion of its acquisition of Alaska Pacific Bancshares, Inc. ("Alaska Pacific") and its wholly owned subsidiary, Alaska Pacific Bank, in a stock and cash transaction.
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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Strong Buy (4.00 out of 4) 78th percentile
(ranked higher than approx. 78% of all stocks covered)
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