Northrim Bank and Its Employees Donate Over $850,000 During 2021

As another year comes to a close, we reflect on the contributions made by Northrim employees and the Bank in the past year. Everyone at Northrim takes their commitment to Alaska very seriously and is honored to be able to help our communities with contributions throughout the year. 2021 was another difficult year for many, so it was important to the Bank to continue with its tradition of giving.

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Northrim Bank Announces New Employees

Northrim Bank is proud to announce new hires throughout the Bank. Northrim Chairman, President and CEO Joe Schierhorn is pleased to welcome the following individuals:

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Northrim Bank Commits to Partnership With Army National Guard and U.S. Army

  JOINT BASE ELMENDORF-RICHARDSON, Alaska – The Army National Guard and Northrim Bank are scheduled to sign a partnership agreement as part of the U.S. Army Partnership for Youth Success program on Monday, Nov. 8 at 12 p.m. at Dena’ina Civic and Convention Center at 600 West 7th Ave. in Anchorage. The ceremony will be held during the Anchorage Chamber of Commerce Make it Monday forum. The PaYS program is a strategic partnership between the Army National Guard and a cross section of private businesses, universities, and public institutions. It provides Alaska’s newest Citizen-Soldiers the opportunity to increase their prospects for potential civilian employment while serving their country. Partner companies with PaYS guarantee Soldiers an interview which could lead to employment. Previously only offered to active duty Soldiers, this unique program is now part of the Army Guard’s effort to partner with the statewide business community and connect Alaska with its members of ...

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Northrim Bank Executive Graduates From Pacific Coast Banking School

Northrim Bank, Chairman, President and CEO Joe Schierhorn is proud to announce that Jed Ballard, EVP - Chief Financial Officer, has recently graduated from the Pacific Coast Banking School (PCBS). PCBS is a three year program that, in partnership with the Graduate School of Business at the University of Washington, offers a unique combination of world class faculty, cutting-edge curriculum, and highly qualified participants that defines it as The Premier National Graduate School of Banking. The Class of 2021 attended a two-week resident session in August 2019 and completed their final two years with virtual sessions. The school boasts over 12,000 alumni, with hundreds serving as leaders of financial institutions across the country. PCBS utilizes its vast industry resources to provide tactics and strategies to deal with today’s most pressing banking issues. Students participate in a BankSim project were students must successfully operate a hypothetical bank through different scenarios. Northrim ...

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Northrim Bank announces the passing of Chief Operating Officer, Michael Martin

It is with sadness that we share with the community the passing of Michael Martin, EVP, and Chief Operating Officer.   

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Residential Mortgage Announces New Chief Operating Officer

Residential Mortgage is proud to announce the hiring of a new Chief Operating Officer. Mike Baldwin joins Residential Mortgage with 35 years of experience in the mortgage industry, 32 years as an Executive in management.

Baldwin comes to Residential Mortgage from the Pacific Northwest where he led four successful mortgage companies from startup. He holds a Bachelor of Science degree in Business Administration from University of the Pacific in Stockton, California. Baldwin was recognized as one of the “40 Under 40” young business leaders by the Portland Business Journal.

“We are excited to welcome Mike to Residential Mortgage and look forward to his leadership and expertise in the mortgage lending arena,” noted Steve Aldrich, Residential Mortgage CEO. “Residential Mortgage has continued to grow in the past few years and Mike’s presence on the leadership team will bring a new perspective to our business throughout the state.”

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 recognizes 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.


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Northrim Bank announces new employees and promotions

Northrim Bank is proud to announce new hires and promotion of officers throughout the Bank. Northrim Chairman, President and CEO Joe Schierhorn is pleased to announce new hires and promotions of the following individuals:

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American Families Plan IRS Reporting Proposal

As part of the American Families Plan, Congress is considering requiring financial institutions to report detailed information on certain customer accounts to the IRS. At this time, this is just a proposal that has not yet been fully defined and is not included in current legislation. Local financial institutions are monitoring the proposal.

Mobile Banking App gets upgrade

Northrim’s Mobile Banking App will get a refreshed look in September. The appearance is slightly different, but functions remain the same. You can continue to enjoy all of the app's convenient features including:

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