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

 Subscribe to unlock this and 208,055
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 201K M&A Transactions
  • 203K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

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

Related Lists for Alaska Companies

Largest Alaska Companies , Acquisitive Alaska Companies , Recently Acquired Alaska Companies , Recently Sold Alaska Companies , Private Alaska Companies , Public Alaska Companies , Acquired Alaska Companies , PE Backed Alaska Companies

Related Lists for Financial Services Companies

Largest Financial Services Companies , Acquisitive Financial Services Companies , Recently Acquired Financial Services Companies , Recently Sold Financial Services Companies , Private Financial Services Companies , Public Financial Services Companies , Acquired Financial Services Companies , PE Backed Financial Services Companies

Related Lists for United States Companies

Largest United States Companies , Acquisitive United States Companies , Recently Acquired United States Companies , Recently Sold United States Companies , Private United States Companies , Public United States Companies , Acquired United States Companies , PE Backed United States Companies
Mergr

Product

Company

Legal