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Bank holding company: Northrim BanCorp, Inc. (NRIM) (1990)

Northrim BanCorp, Inc. (NASDAQ:NRIM) was established in 1990 and is headquartered in Anchorage, Alaska. It has 431 full-time employees. It is the bank holding company of Northrim Bank and provides services to Alaska companies and professionals. Commercial banking products and services.

Northrim BanCorp

Northrim BanCorp, Inc. (NRIM):

It was in the early 1980s and Alaska was booming. Oil flows freely through the Trans-Alaska Pipeline, business is booming, and houses are everywhere. Then, in 1987, the stock market plummeted and the price of oil plummeted to single digits per barrel, which destroyed the Alaska economy. During this time, 13 financial institutions in Alaska closed down, transferred many customers, and opened the door for Northrim.

The founder of Northrim knew that Alaska needed another type of bank-a strong, independent local bank with community and customer service at its core. Through sheer dedication, they worked hard to raise the $8 million needed to start a business. Northrim Bank opened on December 4, 1990. This company was born out of the ashes of the recession.

Today, Northrim has grown from a small community bank with 21 employees, a branch and $8 million in assets to a branch with more than 400 employees, from Fairbanks to Southeast Alaska , A statewide residential mortgage originator with assets of more than 1.5 billion US dollars.

Northrim BanCorp, Inc. operates in two divisions, namely Community Banking and Home Mortgage Lending.

  • Northrim BanCorp, Inc. provides non-interest-bearing current deposit accounts and interest-bearing time deposits, checking and savings accounts, money market deposit accounts, certificates of deposit, and express non-cash deposits.
  • Northrim BanCorp, Inc. also provides home mortgages; commercial loans, such as secured and unsecured loans for working capital and expansion; commercial real estate loans; commercial real estate project construction loans, land development and residential subdivision construction loans; automobiles, Loans for the purchase of recreational vehicles, boats and other consumers, as well as home equity and commercial credit lines, and factoring services.
  • In addition, Northrim BanCorp, Inc. also provides other services, including consumer online banking, mobile applications and mobile deposits, mobile web and SMS banking, corporate online banking, personal finance, online documents, consumer and corporate debits Card, home equity advantage access card, telephone banking and automated teller service.
  • Furthermore, Northrim BanCorp, Inc. also provides personalized checks, overdraft protection for savings accounts, business accelerated banking services, automatic transfers and payments, personnel payment services, external and wire transfers, bill payment services, direct salary deposits, electronic taxes, Automatic clearing house receipt services, remote deposit withdrawal services, reconciliation and positive salary services, merchant and cash management plans, annuity products, and long-term investment portfolios.

As of January 27, 2020, Northrim BanCorp, Inc. is operating in Anchorage, the Matanuska Valley, Juneau, Fairbanks, Ketchikan and Sitka (Anchorage, the Matanuska Valley, Juneau). , Fairbanks, Ketchikan, and Sitka) has 16 branches.

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