Northrim BanCorp Inc

It was the early 1980s, and Alaska was thriving. Oil flowed freely through the Trans-Alaska Pipeline. Businesses were booming. Houses were popping up everywhere. Then, in 1987, the stock market crashed and oil prices plummeted to single digits per barrel – devastating the Alaska economy. During this time, 13 financial institutions failed across Alaska, displacing many customers – and opening the door for Northrim.Northrim’s founders knew that Alaska needed a different type of bank – a strong, independent, local bank with community and customer service at its heart. Through pure dedication to purpose they worked to raise the $8 million in capital needed for the start-up, and Northrim Bank opened on December 4, 1990 – born out of the ashes of recession.

 

Bank Name Northrim BanCorp Inc
Stock Exchange NASDAQ
Symbol NRIM
Sector Financial Services
Industry Savings Institutions
Country United States
World Region Amarica
Chairman Mr. Joseph M. Schierhorn
CEO Mr. Joseph M. Schierhorn
Employees 429
Website www.northrim.com
Registered Year 1990

 

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