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    September 6 & 7 while we integrate Alaska Pacific Bank systems.

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NORTHRIM NEWS

Northrim Bancorp to Acquire Residential Mortgage, LLC for $29.8 Million

ANCHORAGE, AK—August 7, 2014,—Northrim BanCorp, Inc. (“Northrim”) (NASDAQ: NRIM) and Residential Mortgage Holding Company, LLC, (“RML”) today jointly announced the signing of a definitive purchase agreement (the “Purchase Agreement”) for a wholly-owned subsidiary of Northrim Bank, Northrim Capital Investment Company (“NCIC”), to acquire 76.5% of the membership interests in RML, the parent company of Residential Mortgage, LLC (“Residential Mortgage”) in a cash transaction currently valued at $29.8 million.

 

 

Investment and insurance products are:
Not insured by the FDIC or any other federal government agency.
Not a deposit of or guaranteed by Northrim Bank.
May lose value.


Deposit and loan products offered by Northrim Bank, Member FDIC.

Member FDIC Equal Housing Lender

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