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From new hires and promotions, to new products and upcoming events, here’s the latest news from Northrim.
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Northrim Bank Announces New Hires
January 26, 2018
Northrim Bank President and CEO Joe Schierhorn is proud to announce the hiring of Cindy El-Khoury, VP, Loan Documentation Manager; Cindy Fields, VP, Internal Audit Manager; Aili Peyton-Jalbert, AVP, Commercial Cash Management Officer; and Phil Reid, VP, Commercial Loan Officer.
El-Khoury joins Northrim Bank with 17 years of experience with loan documentation. Originally from Washington State, she has been in Alaska for over 17 years. El-Khoury studied at Washington State University.
Fields comes to Northrim Bank with 14 years of experience in audit and regulatory compliance and 10 years of accounting experience. A lifelong Alaskan, she holds a Bachelor’s degree from UAA and is a Certified Public Accountant (CPA) and Certified Internal Auditor (CIA). Fields currently serves as the Vice President of the Institute of Internal Auditors Alaska Chapter.
Peyton-Jalbert joins Northrim Bank with 8 years of banking experience. She holds a Master of Arts in Communication from the University of Hawaii. Peyton-Jalbert is the President-Elect of Anchorage Gateway Rotary, a volunteer at Muldoon Elementary School, and a committee member of the Associated General Contractor’s Construction Leadership Council.
Reid comes to Northrim Bank with nearly 24 years of experience in banking. A life-long Alaskan, he has worked at various financial institutions throughout the state. Reid has a Bachelor’s Degree from Virginia Tech. He is currently a Commander in the Navy Reserve. Reid is the incoming Board President of the Anchorage Community YMCA and serves on the Board of the Community Pregnancy Center in Anchorage.
NORTHRIM BANK AND ITS EMPLOYEES DONATE NEARLY $750,000 DURING 2017
December 29, 2017
As we look forward to 2018, the 425 employees at Northrim Bank and its wholly-owned subsidiary, Residential Mortgage, look back on the contributions made during the past year. As a local, community bank and mortgage company, Northrim and Residential take their commitments to Alaska very seriously. Employees are proud to be Alaskan and show their pride by supporting local organizations throughout the year with financial support as well as donating their time and expertise.
In October, employees participated the annual United Way Campaign and raised nearly $125,000 to support local communities throughout Alaska and in Washington State. This total includes direct donations from employees and Northrim’s 50 percent match for employee gifts to United Way. Employees also contributed through the annual White Elephant Auction. This total was over $7,700 in 2017.
Bank employees also volunteer in their local communities. Employees give generously of their time to support organizations that help strengthen the community and make Alaska a better place to live, work and play. “Our employees demonstrated their generosity and team-work with their support of many organizations throughout the year,” noted Joe Schierhorn, President and CEO. During 2017, Northrim employees volunteered over 1,600 hours in their local communities.
In addition to the generosity of employees, Northrim Bank also gives a large amount to support Alaska organizations. Each year, Northrim Bank focuses its corporate giving on organizations that help in community and economic development, programs to strengthen low income families, and higher education through the State of Alaska’s Education Tax Credit Program. During 2017, Northrim Bank contributed just over $623,000 to organizations throughout Alaska.
In 2018, bank employees, the Board of Directors, and executive leadership are proud to share with the communities throughout Alaska. The bank will also continue to encourage its employees to be involved in the community and share their expertise and passion. For more information about Northrim’s community engagement and corporate giving, please visit https://northrim.com/about-northrim/about-us/community.
NORTHRIM BANK WELCOMES NEW SMALL BUSINESS LENDER AND PROMOTES NEW COMPLIANCE MANAGER
November 29, 2017
Northrim Bank President and CEO Joe Schierhorn is proud to announce the hiring of Ervin Hetemi, Small Business Lender and the Promotion of Micah Scott, AVP, BSA & Deposit Compliance Manager.
Hetemi joins Northrim Bank with nearly 10 years of experience in banking. He has worked for various financial institutions in Alaska, including positions in the branch and business development. Hetemi is currently working on his Bachelor’s Degree in Economics from the University of Alaska Anchorage. He has been a member of the Anchorage Chamber of Commerce and the Institute Real Estate Management. He also volunteers at Bean’s Café for the Children’s Lunchbox.
Scott has been with Northrim Bank since 2006, where she has worked in Retail Banking in operations and sales and joined the Compliance department in 2013. A longtime Alaskan, she has studied at the University of Alaska Anchorage. Scott volunteers for the Teach Children to Save program at Northrim’s School Business Partnership School, Fairview Elementary, and teaches financial literacy at McKinnell House and Covenant House.
JED BALLARD JOINS NORTHRIM BANCORP AS CHIEF FINANCIAL OFFICER FOLLOWING FRYE’S TRANSITION TO CORPORATE ACCOUNTING MANAGER
November 22, 2017
Northrim BanCorp, Inc. (NASDAQ: NRIM) (“Northrim” or the
"Company") today announced it is hiring Jed Ballard to be Chief Financial Officer following the voluntary transition
of Latosha Frye to Senior Vice President, Corporate Accounting Manager.
“Jed Ballard brings more than sixteen years of accounting experience to our executive management team, and as a
native Alaskan, his understanding of our customers and our business community is an additional advantage,” said Joe
Schierhorn, President and CEO. “Latosha Frye has served as our CFO since 2014, and we are pleased that she will
continue to serve on the accounting management team. We understand her personal circumstances are driving this
change and recognize her strong contribution to the Company since 2006.”
Ballard is a Certified Public Accountant and has worked for KPMG for sixteen years in Alaska and Slovakia. He is
currently a Senior Manager in KPMG’s Anchorage office. Ballard has extensive experience in financial reporting in
a wide range of industries, particularly those that make up the backbone of the Alaska economy including real estate,
petroleum and natural resource contractors, construction, mining, fisheries, industrial manufacturing, hospitality and
tourism. Ballard also has been on the accounting team for multiple acquisitions; including the due diligence process,
application of accounting standards, and business valuations.
A graduate of the University of Alaska Fairbanks with a degree in Business Administration and a major in Accounting,
Ballard resides in Anchorage with his family. He is also active in the community serving on the Native Advisory
Committee for the Anchorage School District Title VII Indian Education. He was a two-time mentor for the UAA
Leadership Fellows program and a long-standing member of the Alaska Native Professional Association.
Ballard will become CFO effective January 1, 2018, when Frye will move to SVP Corporate Accounting Manager.
NORTHRIM BANK WELCOMES NEW COMMERCIAL LOAN UNIT MANAGER AND PROMOTES NEW BRANCH MANAGER
November 2, 2017
Northrim Bank President and CEO Joe Schierhorn is proud to announce the hiring of Joe Gelione, VP, Commercial Loan Unit Manager and the Promotion of Annie Her, AVP, Branch Manager.
Gelione joins Northrim Bank with 30 years of experience in the financial sector and has worked in banking in Alaska for over 25 years. He holds a Bachelor’s Degree in Business Administration: Finance from Stockton University. Gelione has been on the board of directors for Beans Café and Alaska Junior Theater. He has also been a member of the Alliance, Petroleum Club, and Rotary.
Her has been with Northrim Bank with over 4 years and has 11 years of experience in the financial industry. She holds a Bachelor’s Degree in Business Administration: Human Resource Management from Portland State University and is an active volunteer with Northrim’s School Business Partnership at Fairview Elementary School.
NORTHRIM BANCORP, INC. ANNOUNCES BOARD CHAIR CHANGE; SCHIERHORN TO SUCCEED BEEDLE AS CHAIRMAN OF THE BOARD
October 27, 2017
Northrim BanCorp, Inc. (Nasdaq:NRIM) today announced that its Board of Directors continues to implement its leadership succession plan. Joe Beedle is retiring from his position as Chairman of the Board of Northrim Bank (“Bank”) and Northrim BanCorp, Inc. (“Company”) effective January 2, 2018, and will be succeeded by Joe Schierhorn as Chairman of the Board of the Bank and the Company.
"We have built a team of experienced professionals over the years and continue to invest in our people to ensure the long-term success of our business," said Beedle. “It has been a privilege to serve with the engaged and loyal people on the entire Northrim team. I am retiring with the confidence that Northrim will continue to be a vibrant and growing part of our community.
Schierhorn is a charter employee of the Bank and started his Northrim career as Vice President, Commercial Loan Officer and Regulatory Compliance Manager in 1990. He was promoted first to Senior Vice President then elevated to Executive Vice President and Chief Financial Officer, Chief Operating Officer and finally President and Chief Executive Officer of the Bank.
A life-long Alaskan, Joe grew up in Fairbanks and graduated from Lathrop High School. He is a CPA and has a Juris Doctorate/Master of Management degree from Willamette University School of Law and Atkinson Graduate School of Management, having received his bachelor’s degree from Stanford University. Joe is a graduate of the Pacific Coast Banking School. He has been involved with many organizations including the Anchorage Chamber of Commerce, Anchorage Rotary Club, United Way of Anchorage, Alaska Bankers Association, and the Resource Development Council of Alaska.
“Alaska is a stronger state because of Joe Beedle’s involvement in the private sector. He advocates for businesses throughout Alaska and has built connections through his long career from Fairbanks to Ketchikan,” notes Northrim Bank President & CEO Joe Schierhorn. “We will miss Joe at the bank, but know that he will continue to be an advocate for all Alaska, and we are proud to have worked with him at Northrim.”
NORTHRIM BANK OFFICER GRADUATES FROM PACIFIC COAST BANKING SCHOOL
September 8, 2017
Northrim Bank President and CEO Joe Schierhorn is proud to announce that Jim Culley, VP Commercial Loan Unit Manager, has recently graduated from the Pacific Coast Banking School (PCBS). Jim has been with Northrim Bank in Fairbanks for five years, and has over 21 years of banking experience throughout Alaska.
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 school is in its 79th year, boasts over 11,000 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.
Northrim has two additional officers currently enrolled in the three-year program at PCBS, Jason Criqui, Vice President, Commercial Loan Unit Manager, (in his 1st year) and Kelly McCormack, Vice President, Commercial Loans, (in his 2nd year). Northrim has long supported the learning opportunities provided through PCBS. In Northrim’s 27 year history, more than a dozen employees have graduated from PCBS. Michael Martin, Chief Operating Officer and General Counsel for Northrim is a long time professor at PCBS.
“We are proud to have such a strong group of employees who are graduates of PCBS and believe that the additional training helps our customers and the community here in Alaska,” notes Joe Schierhorn, President and CEO of Northrim. Mr. Schierhorn is on the board of directors at the school.
NORTHRIM BANK WELCOMES NEW CARD SERVICES MANAGER
August 3, 2017
Northrim Bank President and CEO Joe Schierhorn is proud to announce the hiring of Kathleen Stilwell, AVP - Card Services Manager.
Stilwell joins Northrim Bank with over 30 years of experience in banking. She comes to Northrim after working in the Card Lending Department at First National Bank Alaska, where she was the Assistant Card Lending Manager for the 25 years. Stilwell supports the Relay for Life, Diabetes Association, Beans Cafe and United Way. She also volunteers for the Empty Bowl Project and is a member of the Alaska Association for Family and Community Education.
NORTHRIM BANCORP, INC. PROMOTES SCHIERHORN TO PRESIDENT AND CEO; BEEDLE REMAINS CHAIRMAN
June 26, 2017
The Board of Directors of Northrim BanCorp Inc., the parent company of Northrim Bank (NASDAQ: NRIM), named Joe Schierhorn as President and CEO of Northrim BanCorp, effective June 26, 2017. Schierhorn will also continue to serve as Northrim BanCorp’s Chief Operating Officer and Northrim Bank’s President and CEO, while Joe Beedle will continue to serve as Chairman of the Board of Directors of Northrim BanCorp and Northrim Bank.
“We continue to implement our strategic plan for executive leadership succession and Mr. Schierhorn has long been a part of that plan,” said Beedle. “Joe Schierhorn is a charter member of our management team and has been a driving force behind our growth and success since inception of the bank. His commitment to our customers, employees and the community are aligned with our mission to be Alaska’s most trusted financial institution.”
Schierhorn’s entire professional career has been in Alaska. He started working for Marc Langland at Alaska Pacific Trust during college breaks. After graduation, Joe’s professional experience included working at Peat Marwick Mitchell & Co. (now KPMG) where he was a tax accountant and later as a loan officer at Key Bank.
RAIN OR SHINE, NORTHRIM BANK HOSTS ITS ANNUAL CUSTOMER APPRECIATION BARBEQUE
June 15, 2017
Northrim Bank will host its 25th Annual Customer Appreciation BBQ on June 15. Customers will have the chance to enjoy lunch at the bank and listen to music from local artist, Will Johnson.
Each year, Northrim hosts customer appreciation events around the state and this year will be no exception. The events are the Bank’s way to thank customers, and show support for the community. This year, Northrim Bank will present $30,000 to the Anchorage School District and the Lions Club for Lions Quest, an SEL curriculum.
Northrim Bank President and CEO Joe Schierhorn invites all Northrim customers and their families to attend. “It’s a great way for us to say thank you to our customers and share our partnership with the Anchorage School District and the Lions Club.” The event will be hosted at the Bank’s Northrim Building located at 3111 C Street in Anchorage today.
NORTHRIM BANK ANNOUNCES PROMOTIONS AND NEW HIRES
June 7, 2017
Northrim Bank President and CEO Joe Schierhorn is proud to announce promotions throughout the bank as well new hires. Promotions include:
New hires include:
Fountain joined Northrim in 2006 and has over 18 years of experience in the banking experience. She has held various positions at Northrim and has been with the Call Center since October 2016. Fountain was awarded the Customer First Service Award in 2016. She volunteers with Junior Achievement of Alaska and Northrim’s Teach Children to Save Day.
Gaines has been with Northrim since 2002, where she started working at the Huffman Branch. She has been with the HR department since 2007. Gaines holds a BA with an HR emphasis from the University of Alaska Southeast.
Gitomer has been with Northrim since last August. She has worked for 7-Eleven for the past 18 years in a variety of positions. Gitomer has her MBA from Texas A&M University, Commerce. She has volunteered for Habitat for Humanity, Operation Kindness, and Girl Scouts in Texas.
Shary has been with Northrim Bank since 2009, when he was hired as a teller at the West Anchorage Branch. He moved to the Marketing Department in 2011, where he has since held a variety of marketing roles. He holds a BBA in Marketing and Finance as well as an MBA in Leadership from the University of Alaska Anchorage, where he served as both a protégé and mentor of the school’s Leadership Fellows program. Shary is a regular volunteer for many bank events, serves as Vice President of his local homeowners association, and is a member of the American Marketing Association.
Allen joins Northrim with 15 years of experience in financial services, banking and mortgage. She was born and raised in Anchorage and has returned after 21 years of living in the lower 48 states. Allen spent the last seven years with Bank of America where she held various positions, and is currently pursuing her degree in Business Administration with an emphasis on Finance.
Brigden comes to Northrim with five years of marketing and social media experience and having worked as a universal banker at a bank in Washington. She holds a Bachelor of Fine Arts and is pursuing her MBA from Wright State University. Brigden has volunteered with Habitat for Humanity in Nevada and Washington and also participates in various community events.
Lovvorn joins Northrim Bank with 19 years of experience in IT, including applications development and support. He spent 12 of those years in the oil industry and the other 7 in the financial services industry. Lovvorn holds a Bachelor’s degree in Management Information Systems (MIS) from the University of Alaska Anchorage and holds multiple IT certifications and a Project Management Professional (PMP) certification. He is a lifelong Alaskan.
Young comes to Northrim Bank with 27 years in financial services and banking. He has worked in banks throughout Alaska including Juneau, Dillingham and Fairbanks. Young holds a BA in Economics from Pacific Lutheran University. He is the former Chair and Board Member the American Red Cross of Alaska as well as with the Juneau Economic Development Council.
MICHAEL HUSTON NAMED CHIEF LENDING OFFICER OF NORTHRIM BANK
May 25, 2017
Northrim BanCorp, Inc. (Nasdaq: NRIM) announced the hiring of Michael Huston to serve as Executive Vice President and Chief Lending Officer of Northrim Bank, effective immediately.
In his role as Executive Vice President, Chief Lending Officer, Mr. Huston will manage all loan production including commercial lending, commercial real estate and residential construction lending for the bank as well as Northrim Funding Services.
Huston was formerly with First Interstate BancSystem, Inc. headquartered in Billings, Montana, rising to the level of Executive Vice President and Chief Banking Officer after serving as regional president in Wyoming overseeing the Casper, Jackson, Riverton, Cheyenne, and Laramie markets, as well as serving as a commercial loan manager earlier in his career.
“Mike brings a wealth of experience in banking to Northrim and has strong management and leadership skills,” said Joe Schierhorn, President and CEO of Northrim Bank. “We continue to attract new talented bankers to our team as we grow our Alaska franchise.”
Mr. Huston earned a Bachelor of Science degree in Finance, graduating Magna Cum Laude, with a President’s Scholarship from Arizona State University. He is also a graduate of the Pacific Coast Banking School. Huston is very active in his community, having served as president or as a board member for the Montana Bankers Association, the United Way of Natrona County, the Casper Public Utilities Advisory Board, the Amoco Reuse Agreement Joint Powers Board, the Boys and Girls Clubs of Central Wyoming and its Endowment Foundation, Casper Area Economic Development Association, the Casper College Foundation, and the Wyoming Building Corporation.
NORTHRIM BANK ANNOUNCES PROMOTIONS & NEW VICE PRESIDENTS
March 6, 2017
Northrim Bank President and CEO Joe Schierhorn is proud to announce the promotion of four employees from Electronic Banking and Information Technology. The Bank has also hired a new VP, Marketing and Communications Director, Kari Skinner and VP, Commercial Real Estate Loan Officer, John Damjanovich.
The promotions include:
Beasley has been with Northrim for almost one year and brings nearly 11 years of electronic banking experience. He holds a Bachelor’s Degree from Texas Christian University and an MBA from Texas A&M University- Commerce. Beasley mentors two young men in Texas and works with international outreach groups that focus on feeding and raising children as well as providing disaster relief domestically and aboard.
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