David Wight Joins Northrim BanCorp, Inc. Board of Directors.ANCHORAGE, Alaska -- Effective September 7, 2006, David Wight will join Northrim BanCorp, Inc.'s (Nasdaq: NRIM NRIM National Research Institute for Metals (Japan) NRIM Narrow Resonance Infinite Mass NRIM Negative Refractive Index Material NRIM Network Resources Information Model ) Board of Directors. Wight recently retired as the President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Alyeska Pipeline Service Company The Alyeska consortium refers to the major oil companies that own and operate the Trans-Alaska Pipeline System (TAPS) through the Alyeska Pipeline Service Company. , a position he held since 2000. He had a 40-year career in the oil industry with the Amoco Corporation, which became a part of BP in 1998. Wight serves on numerous community organization boards in Alaska, including the University of Alaska Board of Advisors, Commonwealth North, Nature Conservancy of Alaska, the CIRI CIRI Canadian Investor Relations Institute CIRI Cook Inlet Region, Incorporated Foundation, and the Anchorage Parks Foundation. Wight was the Treasurer of the Alaska Oil & Gas Association, and served on the board of the American Petroleum Institute The American Petroleum Institute, commonly referred to as API, is the main U.S. trade association for the oil and natural gas industry, representing about 400 corporations involved in production, refinement, distribution, and many other aspects of the industry. . He was recently appointed to the board of Storm Cat Energy, a Denver-based Company. "We're pleased that David has agreed to serve on Northrim's Board of Directors," said Marc Langland, Chairman, President and CEO. "As Alaska's economy expands with development of our vast petroleum resources, his industry experience will be of great value to the Board of Directors and the Company." Northrim BanCorp, Inc. is the parent company of Northrim Bank, a full-service commercial bank that provides a full range of personal and business banking services through locations in Anchorage, Eagle River, Wasilla, and Fairbanks, Alaska, and an accounts receivable financing Accounts Receivable Financing A type of asset-financing arrangement in which a company uses its receivables - which is money owed by customers - as collateral in a financing agreement. The company receives an amount that is equal to a reduced value of the receivables pledged. division in Washington. The bank differentiates itself with a "Customer First Service" philosophy. Affiliated companies include Elliott Cove Capital Management, LLC; Residential Mortgage; Northrim Benefits Group, LLC; and Pacific Wealth Advisors, LLC. www.northrim.com |
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