M&A Deal Summary

Northrim Bank Acquires Alaska First Bank & Trust NA

On June 27, 2007, Northrim Bank acquired financial services company Alaska First Bank & Trust NA for 6M USD

Acquisition Highlights
  • This is Northrim Bank’s 1st transaction in the Financial Services sector.
  • This is Northrim Bank’s 3rd largest (disclosed) transaction.
  • This is Northrim Bank’s 1st transaction in the United States.
  • This is Northrim Bank’s 1st transaction in Alaska.

M&A Deal Summary
Date 2007-06-27
Target Alaska First Bank & Trust NA
Sector Financial Services
Buyer(s) Northrim Bank
Deal Type Add-on Acquisition
Deal Value 6M USD
Advisor(s) McAdams Wright Ragen, Inc. (Financial)
Graham & Dunn PC (Legal)

Target

Alaska First Bank & Trust NA

Anchorage, Alaska, United States
Alaska First Bank & Trust NA is a provider of financial services.

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Buyer(S) 1

Buyer

Northrim Bank

Anchorage, Alaska, United States
Category Company
Founded 1990
Sector Financial Services
Employees472
Revenue 130M USD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 3
Sector (Financial Services) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Alaska) 1 of 2
Country (United States) 1 of 3
Year (2007) 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-02 Residential Mortgage

Anchorage,, Alaska, United States

Residential Mortgage, LLC is an Alaskan-owned mortgage company, currently has nine offices statewide. In 2013, Residential Mortgage, LLC originated approximately $792 million in mortgage loans, giving it 19.7% of the Alaska mortgage origination market in that year.

Buy $30M
Mergr

Product

Company

Legal