Northrim’s Schierhorn, Heading to Retirement, Passes Chairmanship to Huston
Photo Credit: Northrim Bank
Joe Schierhorn, a charter employee of Northrim Bank, is eyeing retirement by the end of the year. Schierhorn has been stepping away from leadership positions since 2022, when Mike Huston succeeded him as President. Huston was named CEO last year, and now he’s taking over for Schierhorn as Chairman of the bank’s board of directors effective January 1, 2026.
Huston joined Northrim Bank in 2017 as Executive Vice President and Chief Lending Officer of Northrim Bank. He earned a bachelor’s degree in finance from Arizona State University and is a graduate of the Pacific Coast Banking School. Before coming to Alaska, Huston was executive vice president and chief banking officer at First Interstate Bank in Billings, Montana. He has been involved in many nonprofit organizations and currently serves as vice chair of Housing Alaskans: A Public Private Partnership and is on the executive committee of the Anchorage Economic Development Corporation.
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January 2026
Schierhorn has been with Northrim since it started in 1990, first as Commercial Loan Officer and Regulatory Compliance Manager, then later as CFO, COO, and finally President and CEO. Schierhorn has chaired the board since 2018. Earlier this year, he was inducted into the Alaska Business Hall of Fame.
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We’re honored again this year to celebrate our partnership with Junior Achievement of Alaska, a nonprofit that educates local youth about enterprise, business, money, and financial literacy. In the special section, three Junior Achievement of Alaska students weigh in on their experience with the exceptional volunteers and teachers involved with the program.
And in Industry Support, we explore the range of varied services that industry in Alaska requires, from mancamps to spill response to off-grid energy solutions.
Outside the special sections, make sure to check out the 2026 Economic forecast, where Alaska leaders share their insights on what may lie ahead in the coming year. Enjoy!