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.
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