Northrim BanCorp, Inc. Increases Cash Dividend By 20 Percent.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 announced a 20 percent increase in its quarterly cash dividend to $0.15 per share. This dividend, Northrim's 49th consecutive quarterly distribution, will be paid on April 27, 2007 to shareholders of record as of the close of business on April 13, 2007. "We are pleased to provide a greater return to our shareholders with this significant increase in our cash divided," said Marc Langland, Northrim 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. . 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 asset-based lending Asset-Based Lending A business loan secured by collateral (assets). The loan, or line of credit, is secured by inventory, accounts receivable and/or other balance-sheet assets. Also known as "commercial finance" or "asset-based financing". 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; and Northrim Benefits Group, LLC. www.northrim.com |
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