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. 

There was a great need in the community and the ability to work hard and meet the needs of customers and the community is part of Northrim’s core values. The growth seen at Northrim during the PPP process was due to the skill and experience of its management team and dedication and hard work of all its employees. “At Northrim, we are proud to be Alaskan and support our state, whether that be through employing hundreds of Alaskans, delivering customized solutions to grow small businesses that power our great state or sharing information to help inform decisions throughout Alaska,” said Joe Schierhorn, Chairman, President & CEO. “I am proud of the work being done by the employees at Northrim. As a community bank, we continue to be there for our neighbors during a time of great need and to provide a significant positive impact for so many people.”

Northrim remains invested in the community and is working to ensure businesses have to move beyond the challenges of the past year.