Northrim BanCorp, Inc. Declares 5% Stock Dividend.ANCHORAGE, Alaska -- 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 approved a 5% stock dividend to be distributed on September 1, 2006, to shareholders of record as of the close of business on August 18, 2006. Shareholders will receive five additional shares of common stock for every 100 shares currently owned. A cash payment will be made in lieu of fractional shares. Northrim Bank currently has 5,811,379 shares outstanding, and will have approximately 6,101,948 shares outstanding after payment of the stock dividend. 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 Fairbanks (IPA: /ˈfɛərbæŋks/) is a Home Rule City in Fairbanks North Star Borough, Alaska, United States. , 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 Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. include Elliott Cove Capital Management, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Residential Mortgage, Northrim Benefits Group, LLC, and Pacific Wealth Advisors, LLC. |
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