Northrim BanCorp, Inc. announces an Equity Buyback for 110,000 shares, representing 2% of its issued share capital.
January 26, 2024 at 09:15 pm
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Northrim BanCorp, Inc. (NasdaqGS:NRIM) announces a share repurchase program. Under the program, the company will repurchase up to 110,000 shares, representing 2% of its issued share capital. As of January 26, 2024, the company has 5,500,000 shares issued and outstanding.
Northrim BanCorp, Inc. is a bank holding company. The Company is primarily engaged in the delivery of business and personal banking services through its wholly owned banking subsidiary, Northrim Bank (the Bank). It operates through two segments: Community Banking and Home Mortgage Lending. The Community Banking segment's principal business focus is the offering of loan and deposit products to business and consumer customers in its primary market areas. The Home Mortgage Lending segment's principal business focus is the origination and sale of mortgage loans for one-to-four family residential properties. The Bank also engages in retail mortgage origination services through its wholly owned subsidiary, Residential Mortgage Holding Company, LLC. Additionally, the Bank, through its wholly owned subsidiary, Northrim Funding Services (NFS), operates a factoring division in Bellevue, Washington. The Bank has about 19 branches in Anchorage, the Matanuska Valley, Soldotna, Juneau, and others.
NORTHRIM BANCORP, INC. 
