Tranche Update on Northrim BanCorp, Inc.'s Equity Buyback Plan announced on September 11, 2002.
February 01, 2021 at 04:22 pm EST
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From October 1, 2020 to December 31, 2020, the company has repurchased 45,549 shares, representing 0.73% for $1.3 million. With this, the company has completed the repurchase of 1,436,927 shares, representing 21.43% for $38.85 million under the buyback announced on September 11, 2002.
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. 
