Northrim Bank - M&A Summary and Business Overview

Financial ServicesCompany

Northrim Bank M&A Summary

Northrim Bank has acquired 2 companies. It has also divested 1 asset.

Northrim Bank’s largest acquisition to date was in 2014, when it acquired Residential Mortgage for $30M. Northrim Bank has acquired in 1 US state. 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 129M USD for 2022 and 133M USD for 2021.

How many employees does Northrim Bank have?

Northrim Bank has 469 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 Activity3
    • M&A Buy Activity2
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 1

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 through locations in Anchorage, Eagle River, Wasilla, and Fairbanks, Alaska, and an asset based lending division in Washington. 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 (0.0/yr) # 2 - - - - - 2
vol $36M $36M
Sell (0.0/yr) # 1 - - - - - 1
  3

Most Recent M&A

Company Date Value Type
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 2 (100%) 36M (100%) - -
Insurance - - 1 (100%) -
Total 2 $36M 1 -

By Geo

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

Top M&A Advisors

Legal Deals
Davis Wright Tremaine LLP
 2

Deal Values

buy # Total
< $100M 2 $36M
TOTAL $36M
Largest Residential Mortgage LLC
$30M (2014-12-02)

M&A Connections

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

Company Summary

SECTOR

Financial Services

Revenue

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

469

Established

1990

Public

NASDAQ: NRIM

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Alaska Companies , Financial Services Companies , United States Companies

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