Northrim BanCorp, Inc. Announces Completion of $60.0 Million Subordinated Notes Offering

ANCHORAGE, Alaska, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (NASDAQ: NRIM). (“Northrim” or the “Company”) today announced the completion of its private placement of $60.0 million in aggregate principal amount of 6.875% Fixed-to-Floating Rate Subordinated Notes due 2035 (the “Notes”) to certain qualified institutional buyers and institutional accredited investors. The Notes bear interest at a fixed annual rate of 6.875% for the first five years and will reset quarterly thereafter to the then ...