Northrim BanCorp, Inc. and Northrim Bank Appoints Joseph Marushack to the Board of Directors
February 02, 2021 at 04:20 pm EST
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On January 28, 2021, the Board of Directors of Northrim BanCorp, Inc. (the “Company”) and its wholly owned subsidiary, Northrim Bank (the “Bank”), increased the number of directors of the Company and the Bank from eleven to twelve. At the same meetings, the Board of Directors of the Company and the Bank appointed Joseph (Joe) Marushack to serve on their respective boards, until the 2021 Annual Shareholders’ Meeting or until a successor has been elected and qualified. Marushack recently retired from his position as President of ConocoPhillips, Alaska. He has held numerous oil and gas operating and commercial leadership roles in upstream, refining, treasury and planning groups.
Northrim BanCorp, Inc. is a bank holding company. The Company is primarily engaged in the delivery of business and personal banking services through its wholly owned banking subsidiary, Northrim Bank (the Bank). It operates through two segments: Community Banking and Home Mortgage Lending. The Community Banking segment's principal business focus is the offering of loan and deposit products to business and consumer customers in its primary market areas. The Home Mortgage Lending segment's principal business focus is the origination and sale of mortgage loans for one-to-four family residential properties. The Bank also engages in retail mortgage origination services through its wholly owned subsidiary, Residential Mortgage Holding Company, LLC. Additionally, the Bank, through its wholly owned subsidiary, Northrim Funding Services (NFS), operates a factoring division in Bellevue, Washington. The Bank has about 19 branches in Anchorage, the Matanuska Valley, Soldotna, Juneau, and others.
NORTHRIM BANCORP, INC. 
