Dear Valued Customer,
In response to the news regarding the banking industry, I wanted to take a few moments to highlight Northrim’s position as a strong, independent community bank.
We have always been measured and balanced in how we approach our banking operations. Our conservative strategy includes strong liquidity and credit quality, exceeding the regulatory requirements of a well-capitalized bank, a diversified investment portfolio and the ability to borrow if needed.
We continue to monitor the environment and adjust our strategy as necessary.
As our mission states, we strive to be Alaska’s most trusted financial institution and are committed to adding value for our customers, communities and shareholders. If you have specific questions about your banking relationship with Northrim please contact us at (907) 562-0062 or (800) 478-2265 or visit northrim.com for general information.
Joe Schierhorn
Chairman and CEO
This communication may contain “forward-looking statements” as that term is defined for purposes of Section 21E of the Securities and Exchange Act. These statements are, in effect, management’s attempt to predict future events, and thus are subject to various risks and uncertainties. Readers should not place undue reliance on forward-looking statements, which reflect management’s views only as of the date hereof. All statements, other than statements of historical fact, regarding our financial position, business strategy and management’s plans and objectives for future operations are forward-looking statements. These forward-looking statements are made only as of the date of this communication, and Northrim does not undertake any obligation to release revisions to these forward-looking statements to reflect events or conditions after today’s date.