Northrim BanCorp, Inc. Announces Board Chair Change; Huston to Succeed Schierhorn as Chairman of the Board

Company Leadership Transition - Joe Schierhorn announced his retirement from Northrim BanCorp, effective December 31, 2025, with Mike Huston set to succeed him as Chairman of the Board on January 1, 2026 [1] - Mike Huston has been with the company since 2017, serving as President since 2022 and President and CEO since 2024 [1] Contributions and Legacy - Schierhorn has over 40 years of experience in Alaska, starting as the Bank's Commercial Loan Officer in 1990 and serving in various leadership roles, including President and CEO [2][3] - His leadership has significantly impacted the company and the community, leading to growth and success at Northrim Bank [3] Company Overview - Northrim BanCorp is the holding company for Northrim Bank, which operates 20 branches in Alaska and emphasizes its knowledge of the local economy and customer service [4] - The bank has two wholly-owned subsidiaries: Sallyport Commercial Finance, LLC and Residential Mortgage, LLC, along with an affiliated company, Pacific Wealth Advisors, LLC [4]