Wired News – Jed Ballard Joins Northrim BanCorp as CFO After Latosha Frye’s Transition to Corporate Accounting Manager

Stock Monitor: Community West
Bancshares Post Earnings Reporting

LONDON, UK / ACCESSWIRE / November 27, 2017 / Active-Investors issued a free report on Northrim
BanCorp, Inc. (NASDAQ: NRIM ),
which is readily accessible upon registration at www.active-investors.com/registration-sg/?symbol=NRIM as the Company’s latest news hit the wire. On November
22, 2017, the Company announced that it hired Jed Ballard for the position of
Chief Financial Officer (CFO). Ballard’s appointment follows the voluntary
transition of the current CFO, Latosha Frye, to the position of Senior Vice
President, Corporate Accounting Manager. Sign
up now for our free research reports at: www.active-investors.com/registration-sg.

Active-Investors.com is currently working on the research
report for Community West Bancshares (NASDAQ: CWBC), which also belongs to the Financial
sector as the Company Northrim BanCorp. Do not miss out and become a member
today for free to access this upcoming report at: www.active-investors.com/registration-sg/?symbol=CWBC.

Active-Investors.com is focused on
giving you timely information and the inside line on companies that matter to
you. This morning, Northrim BanCorp most recent news
is on our radar and we have decided to include it on our blog post. Today’s
free coverage is available at: www.active-investors.com/registration-sg/?symbol=NRIM.

Comments from Northrim BanCorp’s CEO

Joe
Schierhorn, President and Chief Executive Officer (CEO) at Northrim BanCorp,
acknowledged the contribution of Latosha Frye to the Company since 2006. Frye, who
had been serving as CFO for Northrim BanCorp since 2014, voluntarily transitioned
from the position due to personal circumstances, and would continue to be a
part of the accounting management team.

Schierhorn
also welcomed Jed Ballard to the new position. He stated that Ballard brings
with him over sixteen years of accounting experience. Being a native Alaskan,
his understanding of customers and the business community would provide an
additional advantage to Northrim BanCorp. His appointment as CFO would be
effective from January 01, 2018, when Frye moves to her new role.

Ballard’s Educational Background

Ballard
is a Certified Public Accountant. He is a graduate from the University of
Alaska Fairbanks, with a degree in Business Administration and a major in
Accounting. Besides, he is also active in the community serving on the Native
Advisory Committee for the Anchorage School District Title VII Indian
Education. Moreover, he was a two-time mentor for the UAA Leadership Fellows
program and a long-standing member of the Alaska Native Professional
Association.

Ballard’s Career Graph

Ballard
has more than sixteen years of experience in KPMG Alaska and Slovakia. At
present, he is serving as the Senior Manager in KPMG’s Anchorage office. He has
expertise in financial reporting in a wide range of industries, mainly those
that constitute the backbone of Alaska’s economy, such as real estate,
petroleum and natural resource contractors, construction, mining, fisheries, industrial
manufacturing, hospitality, and tourism. Other than that, he has also been on
the accounting team for multiple acquisitions for managing the due diligence
process, application of accounting standards, as well as business valuations.

Northrim BanCorp Declared Regular
Quarterly Cash Dividend

On
November 17, 2017, the Board of Directors of Northrim BanCorp declared its
regular quarterly cash dividend of $0.22 per share. The dividend will be
payable on December 15, 2017, to shareholders of record at the close of
business on December 07, 2017.

About Northrim BanCorp Inc.

Northrim
BanCorp is the parent Company of Northrim Bank, which is an Alaska-based
community bank with 14 branches in Anchorage, the Matanuska Valley, Juneau,
Fairbanks, Ketchikan, and Sitka; has an asset-based lending division in
Washington; has a wholly-owned mortgage brokerage Company, Residential Mortgage
Holding Company, LLC; and has a minority ownership interest in Pacific Wealth
Advisors, LLC. The Bank serves over 90% of Alaska’s total population and
differentiates itself with its comprehensive knowledge of Alaska’s economy and
its Customer First Service philosophy.

Stock Performance Snapshot

November
24, 2017 – At Friday’s closing bell, Northrim BanCorp’s stock dropped
1.58%, ending the trading session at $34.20.

Volume traded for the
day: 4.38 thousand shares.

Stock performance in the
last three-month – up 21.93%; previous six-month period – up 11.58%; past twelve-month
period – up 20.00%; and year-to-date – up 8.23%

After last Friday’s
close, Northrim BanCorp’s market cap was at $238.03 million.

Price to Earnings (P/E)
ratio was at 14.45.

The stock has a dividend
yield of 2.57%.

The stock is part of the Financial
sector, categorized under the Regional – Pacific Banks industry. This sector
was up 0.1% at the end of the session.

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