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18
Oct

Northrim Receives Affordable Housing, SBA Honors

Northrim Receives Affordable Housing, SBA Honors

Northrim Bank is proud to announce two recent recognitions. Northrim Bank was presented with the Charles L. Edson Tax Credit Excellence Award by the Affordable Housing Tax Credit Coalition. This annual award recognize outstanding affordable housing developments and organizations that have demonstrated especially impactful use of the Low-Income Housing Tax Credit and was given to the organizations for their involvement in the Coronado Park II/Qintali View project. Participants included Cook Inlet Housing Authority, R4 Capital, Northrim Bank, The Rasmuson Foundation, and the Federal Home Loan Bank of Des Moines. Award recipients were recognized at an awards ceremony in Washington, DC, with members of Congress representing winning properties invited to present the awards.

18
May

Northrim Bank is Alaska's leading PPP lender

Northrim Bank is Alaska's leading PPP lender

Northrim Bank’s participation in the Paycheck Protection Program (PPP) assisted customers and the community during a very challenging time. The Bank was one of the first financial institutions in Alaska to offer PPP loans to non-customers as well as existing customers. Employees throughout the bank worked to create streamlined processes that leveraged existing technology and allowed the process to be handled in-house, by Northrim employees. More than two-thirds of the Bank’s employees worked on some aspect of the project. Over the past year, Northrim has produced 5,000 PPP loans, totaling $580 million, which accounts for approximately 30% of all PPP loans made in Alaska.