Financial M&A » By The Online Investor Staff, updated Thu., May. 9, 7:53 AM
Recent mergers and acquisitions in the Financial M&A category.
Slide #47. Northrim BanCorp — Alaska Pacific Bancshares, Inc.
Acquirer: |
Northrim BanCorp (NASDAQ:NRIM) |
Acquiree: |
Alaska Pacific Bancshares, Inc. |
Details: |
"On the first day of this month, we completed the acquisition of Alaska Pacific Bancshares, Inc. ("Alaska Pacific") in a stock and cash transaction valued at $14.61 million, expanding our franchise into Juneau, Ketchikan and Sitka and bringing a strong contingent of Alaskan bankers to our team," said Marc Langland, Chairman, President and CEO of Northrim Bancorp. We now have 15 branch locations that serve 75% of Alaska's population. We are delighted to welcome the customers and employees of Alaska Pacific to Northrim and look forward to a long and prosperous relationship." |
Northrim BanCorp is a bank holding company. Co.'s direct wholly-owned subsidiaries include: Northrim Bank, which operates a factoring business through its subsidiary, Northrim Funding Services, and also provides various commercial and consumer loan and deposit products, investment products, and electronic banking services over the Internet; Northrim Investment Services Company, which owns Pacific Wealth Advisors, LLC, an investment advisory, trust, and wealth management business; and Northrim Statutory Trust 2, which facilitates a trust preferred securities offering by Co. Also, Co. originates one-to-four family residential mortgages throughout Alaska which it sells to the secondary market.
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Company Name: |
Northrim BanCorp Inc |
Stock buyback: |
NRIM buyback |
Website: |
www.northrim.com |
Sector: |
Banking & Savings |
Number of ETFs Holding NRIM: |
19 |
Total Market Value Held by ETFs: |
$26.09M |
Total Market Capitalization: |
$277.00M |
% of Market Cap. Held by ETFs: |
9.42% |
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May 9, 2024 7:53 AM Eastern
Strong Buy (4.00 out of 4)
84th percentile
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