Northrim Bank - M&A Summary and Business Overview

Financial ServicesCompany

Northrim Bank M&A Summary

Northrim Bank has acquired 3 companies, including 1 in the last 5 years. It has also divested 1 asset.

Northrim Bank’s largest acquisition to date was in 2024, when it acquired Sallyport Commercial Finance for $54M. Northrim Bank has acquired in 2 different US states. The Company’s most targeted sectors include financial services (100%).

Northrim Bank Business Overview

Where is Northrim Bank headquartered?

Northrim Bank is headquartered in Anchorage, Alaska.

What is Northrim Bank’s revenue?

Northrim Bank disclosed revenue of 130M USD for 2023 and 129M USD for 2022.

How many employees does Northrim Bank have?

Northrim Bank has 472 employees.

What sector is Northrim Bank in?

Northrim Bank is a financial services company.

When was Northrim Bank founded?

Northrim Bank was founded in 1990.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity3
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 3

Northrim Bank

Northrim Bancorp, Inc.

3111 C Street,
Anchorage, Alaska 99503
United States,
(907) 562-0062
www.northrim.com

Northrim Bank is a commercial bank that provides personal and business banking services. Northrim Bank was founded in 1990 and is based in Anchorage, Alaska.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 2 - - - - 1 3
vol $36M $54M $90M
Sell (0.0/yr) # 1 - - - - - 1
  4

Most Recent M&A

Company Date Value Type
Sallyport Commercial Finance LLC 2024-11-01 54M USD Add-on Acquisition
Sugar Land, Texas · www.sallyportcf.com
Northrim Benefits Group LLC 2017-08-14 - Divestiture
Anchorage, Arkansas · www.northrimbenefits.com
Residential Mortgage LLC 2014-12-02 30M USD Add-on Acquisition
Anchorage,, Alaska · www.residentialmtg.com
Alaska First Bank & Trust NA 2007-06-27 6M USD Add-on Acquisition
Anchorage, Alaska · www.akfirstbank.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 3 (100%) 90M (100%) - -
Insurance - - 1 (100%) -
Total 3 $90M 1 -

By Geo

State/Country Buy Value Sell Value
United States 3 90M 1 -
  Alaska 2 36M - -
  Texas 1 54M - -
  Arkansas - - 1 -
Total 3 $90M 1 -

Top M&A Advisors

Financial Deals
Accretive Partners LLC
 1
Janney Montgomery Scott LLC
 1
Legal Deals
Davis Wright Tremaine
 2

Deal Values

buy # Total
< $100M 3 $90M
TOTAL $90M
Largest Sallyport Commercial Finance LLC
$54M (2024-11-01)

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Financial Services

Revenue

130   1% 2023
129   4% 2022
133   1% 2021
134   32% 2020
102   9% 2019
94   0% 2018
94   6% 2017
100   2016
(millions of USD) Show More Show Less

Employees

472

Established

1990

Public

NASDAQ: NRIM

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Related Lists for Northrim Bank

Alaska Companies , Financial Services Companies , United States Companies , Alaska Financial Services Companies , Alaska Financial Services with Acquisitions , Alaska Financial Services with Divestitures

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