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Northrim BanCorp, Inc. Announces Board Chair Change; Schierhorn to Succeed Beedle as Chairman of the Board


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Courtesy photo

Joe Schierhorn.

ANCHORAGE, Alaska, October 27, 2017,-- Northrim BanCorp, Inc. (Nasdaq:NRIM) today announced that its Board of Directors continues to implement its leadership succession plan. Joe Beedle is retiring from his position as Chairman of the Board of Northrim Bank (“Bank”) and Northrim BanCorp, Inc. (“Company”) effective January 2, 2018, and will be succeeded by Joe Schierhorn as Chairman of the Board of the Bank and the Company.

"We have built a team of experienced professionals over the years and continue to invest in our people to ensure the long-term success of our business," said Beedle. “It has been a privilege to serve with the engaged and loyal people on the entire Northrim team. I am retiring with the confidence that Northrim will continue to be a vibrant and growing part of our community.

Schierhorn is a charter employee of the Bank and started his Northrim career as Vice President, Commercial Loan Officer and Regulatory Compliance Manager in 1990. He was promoted first to Senior Vice President then elevated to Executive Vice President and Chief Financial Officer, Chief Operating Officer and finally President and Chief Executive Officer of the Bank.

Courtesy photo

Joe Beedle.

A life-long Alaskan, Joe grew up in Fairbanks and graduated from Lathrop High School. He is a CPA and has a Juris Doctorate/Master of Management degree from Willamette University School of Law and Atkinson Graduate School of Management, having received his bachelor’s degree from Stanford University. Joe is a graduate of the Pacific Coast Banking School. He has been involved with many organizations including the Anchorage Chamber of Commerce, Anchorage Rotary Club, United Way of Anchorage, Alaska Bankers Association, and the Resource Development Council of Alaska.

“Alaska is a stronger state because of Joe Beedle’s involvement in the private sector. He advocates for businesses throughout Alaska and has built connections through his long career from Fairbanks to Ketchikan,” notes Northrim Bank President & CEO Joe Schierhorn. “We will miss Joe at the bank, but

know that he will continue to be an advocate for all Alaska, and we are proud to have worked with him at Northrim.”


About Northrim BanCorp

Northrim BanCorp, Inc. is the parent company of Northrim Bank, an Alaska-based community bank with 14 branches in Anchorage, the Matanuska Valley, Juneau, Fairbanks, Ketchikan, and Sitka serving 90% of Alaska’s population; and an asset based lending division in Washington; and a wholly-owned mortgage brokerage company, Residential Mortgage Holding Company, LLC. The Bank differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. Pacific Wealth Advisors, LLC is an affiliated company.

www.northrim.com

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