Mergers & Acquisitions ·
Northrim shareholders approve proposed acquisition of PBCO Financial Corporation
NRIMNorthrim Bancorp Inc
Northrim BanCorp, Inc. received shareholder approval for its proposed merger with PBCO Financial Corporation at a special meeting held on October 20, 2026. The proposal to issue Northrim common stock as merger consideration passed with 15,748,028 votes in favor against 213,530, representing 72% of outstanding shares present or by proxy. PBCO shareholders also approved the transaction on the same date. Completion remains subject to regulatory approvals and customary closing conditions, with parties anticipating a close around January 1, 2027. Northrim BanCorp is the holding company for Northrim Bank, an Alaska-based community bank.