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Welcome Southeast Customers!

Conversion of your accounts will occur the weekend of September 6, 2014.

On April 1, 2014 Alaska Pacific Bank officially merged with and into Northrim Bank. Since then, we have been operating under the Alaska Pacific Bank name in Southeast Alaska while working to complete the conversion of systems and operations. This is scheduled to occur over the weekend of September 6, 2014 and all accounts will be converted by Monday, September 8, 2014.

We know you have questions, and that’s why we have assembled this online resource to help you understand how the merger impacts you. You will also receive a Welcome Guide in the mail at the end of July with information on the conversion and upcoming changes.

Please follow the links below for more information and answers to frequently asked questions. We value your business and hope that the information provided will be helpful to make this transition seamless for you, our customer. Don’t hesitate to call us or stop by your local branch if you have any questions.
 

                                     

Important Information About FDIC Insurance

Northrim Bank is an FDIC-insured institution just as Alaska Pacific Bank was an FDIC-insured institution. As a result of the merger, the deposits from Alaska Pacific Bank will be combined with the deposits of Northrim Bank. The combined balances will determine whether a depositor has exceeded the FDIC insurance limit, except that deposits at Alaska Pacific Bank prior to the merger will generally receive separate insurance coverage for six months from the date of the merger. This grace period provides an opportunity to restructure accounts, if necessary, to ensure the accounts do not exceed the insurance threshold. Certificates of Deposit or Time Deposits from Alaska Pacific Bank are generally separately insured until the earliest maturity date after the end of the six month grace period.

Member FDIC Equal Housing Lender

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