Powering the Businesses that Power Alaska
Since 1990, Northrim Bank has been deeply rooted in Alaska, supporting key industries including oil and gas, construction, transportation, healthcare, Alaska Native regional and village corporations, government, fishing, tourism and education, while reinvesting billions into Alaska’s economy.
We take pride in helping to improve economic vitality and quality of life in Alaska by:
- employing more than 500 team members dedicated to Northrim’s mission;
- growing to serve communities in expansive geographic areas;
- supporting Alaska’s future leaders with our internship and trainee programs, and by funding scholarships for University of Alaska system students;
- logging more than 4,100 employee volunteer hours, and contributing more than $1.7 million statewide in 2025; and
- providing critical funding for affordable housing and community development across the state. During the first quarter of 2026, through the Federal Home Loan Bank of Des Moines (FHLB) Member Impact Grant Program, Northrim awarded funding to 31 Alaska nonprofit organizations. FHLB Des Moines matched $2.50 for every $1.00 contributed by Northrim, up to the program maximum of $200,000, which Northrim reached.
Northrim serves the unique needs of Alaskans and businesses of all sizes, and it is rewarding to see our impact across the state as we work to drive our state forward.
Contact Information
Alaska business leaders choose Northrim for our team of experts, innovative banking products and services and signature Superior Customer First Service. Contact us today to speak with a banking expert ready to help your business achieve more.
About Us
As Alaska’s Community Bank, we differentiate ourselves through our detailed knowledge of Alaska’s economy and our Superior Customer First Service philosophy. We believe the right people in the right roles create strong business relationships and drive long-term success. Our industry experts share a commitment to collaboration, creativity and customer-focused results.
Northrim understands the challenges of starting and running a business in Alaska and goes the extra mile to meet you where you are — whether it is across the street or on a fishing boat in the Gulf of Alaska — to provide you with unique, customized solutions for your business.
The resources we dedicate to understanding the economy, and our commitment to sharing data through our sponsorship of statewide economic research and forecast reports and presentations at events, including our annual Community Summits, help Alaska businesses with strategic planning and decision-making.
Our commitment to supporting Alaska communities is just as important. Since 1990, we have made strategic investments and meaningful contributions to local economies, dedicating our time, talent and dollars to improving economic vitality and quality of life in Alaska.
We have a sincere appreciation for our customers. We look for growth opportunities for our customers and work to build lasting customer relationships through professional, prompt and caring service, something we call Superior Customer First Service. We have 21 branches in Alaska – Anchorage (8), Eagle River, Fairbanks (2), Homer, Juneau (2), Ketchikan, Kodiak, Nome, Palmer, Sitka, Soldotna and Wasilla – and serve approximately 90 percent of Alaska’s population.
Our subsidiary, Residential Mortgage, is a leader in the mortgage loan industry, assisting borrowers purchasing or refinancing homes throughout Alaska and in more than 20 states in the lower 48.
Northrim Funding Services, our asset-based lending division in Bellevue, Washington, serves businesses in Alaska and the greater Pacific Northwest.
In 2025, Northrim guaranteed 52 SSBCI loans, totaling over $57 million.
We have invested in best-in-class automation tools to help businesses maximize cash flow and liquidity, improve efficiency and mitigate financial risks.
Enhanced, customizable products offered by our Treasury Management team, include:
- Commercial Purchase Card
- Integrated Payables
- Insured Sweep Accounts
- Payment Processing
Our family of companies has strengthened our ability to provide enhanced financial services. In addition to Residential Mortgage and Northrim Funding Services offerings, Northrim Investment Services offers products through Elliott Cove Capital Management.
Northrim has long been committed to expanding housing opportunities across Alaska, working closely with nonprofit organizations, developers and community partners to support affordable, low-income and workforce housing initiatives. As the largest servicer of Alaska Housing Finance Corporation (AHFC) loans in the state, we are proud to support AHFC’s mission of providing Alaskans with access to safe, quality housing.
Over the past decade, we have financed more than 600 housing units for families and seniors and invested more than $30 million as a tax credit equity partner. In total, Northrim has committed approximately $135 million to housing projects throughout Alaska, representing a significant investment in communities across the state.
In 2024, we launched a housing task force that brings together employees from across the Bank to better understand the challenges faced by developers, consumers and housing organizations. The group evaluates existing financing programs, explores innovative solutions, advocates for policy changes and works to secure additional state and federal funding to support workforce housing development.
One outcome of this effort is the introduction of our Workforce Housing Construction Loan program, which streamlines construction-to-permanent financing and helps experienced developers deliver high-quality multifamily housing of five or more units for Alaska’s workforce earning up to 120% of Area Median Income.
Housing availability remains one of Alaska’s most significant economic challenges. Northrim is committed to working alongside our partners to expand housing opportunities and help build stronger communities across the state.
Customer Testimonial
Rogan Parker,
Pathfinder Aviation CEO
“The Bank worked diligently with the SSBCI program to develop a creative financing package under unique circumstances,” said Parker. “Their dedication to local companies has truly helped position Pathfinder Aviation as a strong employer across the state of Alaska and around the globe.”
Call (907) 562-0062 today to speak with a banking expert ready to help your business achieve more.
