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From new hires and promotions, to new products and upcoming events, here’s the latest news from Northrim.
Northrim Announces New Branch Manager and Assistant Branch Managers
Sept. 16, 2020
Northrim Bank is proud to announce the promotion of Brian Leonard to Branch Manager II at the Midtown Financial Center, the move of Christina Clayton to Assistant Branch Manager at the Wasilla Financial Center, and the hiring of Johnico Bashford-Blumer as Assistant Branch Manager at the Southside Financial Center. Northrim Chairman, President and CEO Joe Schierhorn is pleased to announce the changes at three of the Bank’s financial centers.
Leonard has been with Northrim Bank since 2011, starting his banking career at the Wasilla Financial Center. He holds a State of Alaska Insurance Producer - Life License. Leonard was awarded the Northrim Bank Customer First Service Award in 2013. He is an active volunteer with the Bank’s School Business Partnership program.
Clayton has been with Northrim Bank since 2016. Before joining Northrim Bank, she had over 30 years of experience in Retail Sales Management. Clayton holds an Occupational Associates Degree in Retail Management. She volunteers with the Quilts for Valor Foundation, Junior Achievement Alaska, and United Way.
Bashford-Blumer joins Northrim with 11 years of management experience and five years in the insurance industry. He holds an MBA from Colorado Technical University. Bashford-Blumer is the Team Captain for the Bowman Elementary chapter of All Pro Dads.
Northrim Named 2019 SBA Alaska Community Lender of the Year
Sept. 8, 2020
The U.S. Small Business Administration has recognized Northrim Bank as the 2019 SBA Alaska Community Lender of the Year for its commitment to providing financial assistance to Alaska's small business owners. The announcement of this recognition from the SBA is below:
Announcement from the SBA
The SBA Alaska District Office is pleased to recognize Northrim Bank as the 2019 SBA Alaska Community Lender of the Year. This award recognizes Northrim Bank’s commitment to providing financial assistance to Alaska’s small business owners which resulted in the approval of 20 SBA loans totaling $5,865,600 during the federal fiscal year ending September 30, 2019.
Our sincere congratulations go to you and your entire staff for a job well done. As a key SBA lending partner, Northrim Bank plays a vital role providing access to capital for Alaskan entrepreneurs, which allows them to grow and create jobs.
Thank you for supporting the SBA Guarantee Loan Program and for your continuous commitment to Alaska’s small business community.
Northrim Opposes Ballot Measure 1 — A Bad Idea in Uncertain Times
Sept. 4, 2020
Cratering oil prices, global instability, lingering effects from recession and the COVID-19 pandemic have culminated in a perfect storm that has battered Alaska’s economy. A proposal on the November ballot to increase oil taxes could further endanger our state’s struggling economy.
Now is not the time for substantial oil tax changes proposed in Ballot Measure 1. Passage of the oil tax measure would heighten uncertainty at a precarious moment in our state’s history, threatening our communities and the livelihood of Alaskans. Northrim Bank stands with numerous Alaska leaders in business, labor, industry and government in opposing Ballot Measure 1.
Northrim supports a "no" vote on Ballot Measure 1 because as a community bank we have a vested interest in Alaskans and the communities we serve. Northrim has long advocated for a sustainable fiscal policy that promotes a stable economy. Alaska’s oil and gas industry is a major contributor to Alaska’s economy, creating jobs, hiring local small businesses, paying for government services and infrastructure projects, and contributing money directly to the Alaska Permanent Fund. Northrim is proud to be Alaskan and believes that passage of the oil tax measure would be detrimental to Alaska’s future. The time is now to step up and protect Alaska’s future.
See what others have to say:
It’s Time to Defend Alaska’s Future (Alaskanomics blog)
Complicated Tax Policy Shouldn’t be Decided at the Ballot Box (Anchorage Daily News opinion)
Oil Tax Change Proponents Defy Logic (Anchorage Daily News opinion)
Ballot Measure 1 Threatens the PFD, We’re Voting No (Anchorage Daily News opinion)
Is Alaska getting its “fair share” of oil revenue? Ballot Measure 1 seeks to change how oil production is taxed. (Alaska Public Media – Talk of Alaska)
Northrim-Funded Project Receives Affordable Housing Group Award
Aug. 25, 2020
An Anchorage redevelopment housing project, funded in part by Northrim, has been awarded honors from a national affordable housing group. The Ch’anikna Commons project of the Cook Inlet Housing Authority (CIHA) and the Anchorage Community Land Trust (ACLT) has been awarded a 2020 Charles L. Edson Tax Credit Excellence Award for work to renovate a blighted 1970s era condo development in Anchorage's Mountain View neighborhood. The project on the 400 block of Price Street converted a condominium complex into 21 affordable housing townhouse-style apartments including five homes set aside for homeless individuals.
Northrim has had a relationship with CIHA since 2013 to finance similar community projects and came on board to provide construction rehabilitation financing for Ch’anikna Commons in 2018.
"We've nurtured this relationship with CIHA since 2013 to finance millions and millions in community projects," said Sue Wolfe - Northrim VP, Commercial Real Estate Loan Officer. "It demonstrates our commitment as a community bank. To take a blighted property off the table and turn it into this is pretty amazing.
"Housing has always been a passion for me, and to play a part in helping create housing that's needed for these communities and revitalize these neighborhoods is a pretty awesome thing. I think the award provides the bank an opportunity to demonstrate that we are a community bank and that we take that to heart."
The Ch’anikna Commons improvements provide enhanced unit energy efficiency, safety, and aesthetic upgrades. A new solar electric system powers common areas. Formerly a site of frequent police visits, the area today is a family focused community with nearby access to public transit, a grocery store, schools and a CIHA resident engagement office. The CIHA office provides event programming and activities for Ch’anikna Commons properties to help residents with financial self-sufficiency, health and wellness, college and career exploration, community safety, and emergency preparedness.
The Edson Awards recognize outstanding affordable housing developments that have demonstrated especially impactful use of the Low-Income Housing Tax Credit. Ch’anikna Commons took honors in the Small Metropolitan Category (city population 50,000 to 300,000).
Read news releases from AHTCC:
2020 Edson Awards
Ch’anikna Commons project
Northrim Bank Announces New Positions
and Branch Promotions
July 8, 2020
Northrim Bank is proud to announce the hiring of a new Human Resources Director and Commercial Lender, as well as changes in three of its branches in Anchorage and one in Fairbanks. Northrim Chairman, President and CEO Joe Schierhorn is pleased to announce the hiring of TJ Alinen, SVP - Human Resources Director and Amanda Clayton, AVP - Commercial Loan Officer. He is also happy to announce the promotion of Maia Hernandez, AVP - Branch Manager II, Seventh Avenue Branch, Katreena Little, Branch Manager, Huffman Branch, Liza David, Assistant Branch Manager, Jewel Lake Branch, and Donna Fountain, Assistant Branch Manager, Fairbanks Financial Center.
Alinen joins Northrim Bank with 20 years of professional human resources experience in Alaska and Arizona. He was recently the Vice President of Human Resources at the Calista Corporation prior to joining Northrim. Alinen holds a BA and an MBA from Wayland Baptist University. He is certified as a Senior Professional in Human Resources (SPHR) and a Senior Certified Professional in Human Resources (SHRM-SCP). Alinen is a member of Anchorage Rotary and a former board member of the Alaska SHRM State Council.
Clayton comes to Northrim with 19 years of experience in the financial industry. She is a graduate of Pacific Coast Banking School at the University of Washington. Clayton enjoys spending time with her family in the outdoors, hiking, camping, boating, fishing and hunting.
Hernandez joined Northrim Bank in 2015 and has 13 years of experience in the industry, starting as a teller and advancing to a business banker and eventually becoming the branch manager at the Seventh Avenue Branch and Retail Banking Float Pool Manager.
Little has been with Northrim for over 10 years where she has been an Assistant Branch Manager before being promoted to Branch Manager. Before joining the financial industry, she was a Certified Medical Assistant. Little volunteers with Northrim’s School Business Partnership School, Fairview Elementary as well as Bean’s Café.
David started at Northrim in 2009 and has worked in a couple different branches in Anchorage. She studied at the University of Makati Philippines. David also volunteers with Northrim’s School Business Partnership School, Fairview Elementary.
Fountain joined Northrim in 2006 and has over 21 years of banking experience. She has held positions throughout the bank and received Northrim’s Customer First Service Award in 2016. Fountain volunteers with Junior Achievement and the American Bankers Association Teach Children to Save.
Northrim Named Best-In-State Bank by Forbes
June 25, 2020
Northrim Bank is proud to announce that it was named Best-In-State Bank by Forbes for the second year in a row. The global media company conducted its annual survey with market research firm Statista. More than 25,000 people in the US responded about their banking relationship. Consumers were asked 20 questions about their financial dealings. Banks and credit unions were rated on overall recommendations and satisfaction, as well as five sub-dimensions (trust, terms and conditions, branch services, digital services and financial advice).
While some states had up to five banks honored with the distinction of Best-In-State Bank, Northrim was the only bank in Alaska to receive the honor. 135 unique banks were recognized in 2020. There are 5,400 banks in the US that are in competition for customers and Northrim is proud to be recognized by Forbes. “At Northrim we know that there is a lot of competition for your business and we are proud to be recognized as Alaska’s Best-In-State-Bank,” said Joe Schierhorn, Northrim Bank Chairman, President and CEO. “We look forward to continuing our partnership with Alaskans by helping to grow their businesses and reach personal financial goals.”
Read more in Forbes online.
Customer Appreciation Message
Northrim's Joe Schierhorn takes a few minutes to thank our customers for supporting their community bank for 30 years. Watch his customer appreciation message to hear where we've been, where we're going and how customer appreciation events are a bit different this year.
Use Direct Deposit for Fast and Secure Payment of Alaska PFDs
Get your July 1 Alaska Permanent Fund Dividend payment faster by using secure direct deposit to your Northrim account. PFD applicants who did not previously select direct deposit to a Northrim account may make changes online by June 19. Bank account selections can also be changed. Changes not made online with paper forms must be received by June 12 to ensure changes.
Follow these directions to select or change direct deposit options for payment of an Alaska PFD:
Online applicants who did not choose the direct deposit option on their 2020 PFD application may select this option online by visiting https://my.alaska.gov/ and signing in to their my Alaska account.
Walk through these steps to make changes online:
Applicants who want to make changes using a paper form must return forms to the PFD office by June 12 to ensure changes are made. Click here to download a PFD change form.
Debit Card Payments Go Contact-Free
Northrim has introduced new technology that frees customers from having to swipe or slide debit cards into payment terminals for purchases. All new and reissued debit cards from Northrim will now feature easy-to-use contactless technology.
CONTACTLESS CARDS EXPLAINED
Unlike magnetic stripe (swipe) or EMV (dip) cards, contactless cards let customers tap or hover their card above a compatible card reader at merchants around the globe. A small Radio Frequency Identification (RFID) chip transmits payment information to the terminal directly. These transactions are typically much faster than using a chip reader, and are more convenient for smaller purchases, such as coffee or cab fare.
To use a contactless card, look for the contactless logo on the point of sale terminal and hold the card close to the contactless reader for a few seconds. If the merchant does not accept contactless payments, the customer can always dip (insert the chip) or swipe (use the magetic stripe) on their card as usual.
HOW TO USE A CONTACTLESS CARD
PINS AND SIGNATURES
The requirement to use a PIN or signature depends on the merchant. Many merchants opt to waive the signature or PIN requirement for smaller transactions, typically transactions below $50. If prompted for a signature or a PIN, customers can simply enter it and continue with the transaction.
IS CONTACTLESS OPTIONAL?
No. Moving forward, all Northrim debit cards will be issued with contactless functionality.
Card issuers take security seriously, and this concern is no different with contactless cards. There are various security measures that help prevent the unauthorized access or theft of card information. That said, no security system is bulletproof, but all cards are protected by Mastercard’s Zero Liability Protection.
Make Deposits to Multiple Accounts with Split Deposit
Northrim's new split deposit feature for Remote Deposit Capture lets you channel deposits to multiple accounts in one transaction. Deposit amounts can be split by percentage or set amounts across your accounts. See the graphic for an example. Please contact us at 907-562-0062 or 800-478-2265 for more details or questions.
Discover the Power of Purchasing Cards
Northrim is now offering purchase cards, or P-Cards, to our business customers. This product is similar to a credit card issued to a business, but purchasing cards report more purchase details and provide greater flexibility. P-Cards allow a business administrator to open and close employee cards, add cardholders, manage card limits and control purchases based on specific criteria. A great benefit of P-Cards is dynamic reporting which makes managing expenses easy for businesses — all while earning rebates based on spending. Added options include streamlined authorization schedules for expense approvals and general ledger integration.
Please contact us at 907-562-0062 or 800-478-2265 for more details or questions.
The creditor and issuer of credit cards is Card Assets, pursuant to a license from Mastercard International Incorporated. Mastercard is a registered trademark of Mastercard International Incorporated. Credit cards are subject to Card Assets’ credit approval.
Payments & Transfers Options Expand Online Banking Features
Business customers have new options to make customized payments and transfer funds to and from other financial institutions in Business Online Banking.
Northrim's customized payment option lets business customers use Online Banking to send ACH payments or direct deposits to vendors, employees and others. This feature allows a handful of electronic payments to be made at a lower recurring price point than full ACH origination options.
New Transfer options let customers conveniently move funds to and from other financial institutions. The screen shot below shows how easy it is to make an external transfer.
Call Us: 907-562-0062 or 800-478-2265
Routing Number: 125200934
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