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Northrim BanCorp Declares Quarterly Cash Dividend of $0.13 per Share


ANCHORAGE, Alaska, Nov. 18, 2011 (GLOBE NEWSWIRE) -- Northrim BanCorp,
Inc. (Nasdaq:NRIM) today announced its Board of Directors declared a
regular quarterly cash dividend of $0.13 per share on its common stock.
The dividend will be paid December 16, 2011, to shareholders of record
at the close of business December 8, 2011. Northrim has paid a regular
quarterly cash dividend since 1995, and has a current annualized
dividend yield of 2.7% at current market share prices.

"We are pleased to continue with the $0.13 per share cash dividend,
reflecting the strength of our capital and continued strength of our
earnings," said Marc Langland, Northrim's President and Chief Executive
Officer. Northrim Bancorp, recently reported profits of $8.1 million
for the nine month period ending September 30, 2011, or $1.24 per
diluted share, an increase of 13% from the like period a year ago.

About Northrim BanCorp

Northrim BanCorp, Inc. is the parent company of Northrim Bank, a
commercial bank that provides personal and business banking services
through locations in Anchorage, Eagle River, Wasilla, and Fairbanks,
Alaska, and an asset based lending division in Washington. The bank
differentiates itself with a "Customer First Service" philosophy.
Affiliated companies include Elliott Cove Capital Management, LLC;
Elliott Cove Insurance Agency, LLC; Residential Mortgage, LLC; Northrim
Benefits Group, LLC; and Pacific Wealth Advisors, LLC.
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