On December 18, 2014, Northrim BanCorp Inc. announced that Mr. Marc Langland intends to resign from his position as president and chief executive officer of the company effective January 1, 2015. Mr. Langland will retain his position as chairman of the board of the company and chairman of the board of Northrim Bank . In connection with Mr. Langland's resignation, Joseph M. Beedle was appointed to the position of president and chief executive officer of the company, effective January 1, 2015.

Mr. Beedle will also continue to serve as president and chief executive officer of the bank.