ANCHORAGE, Alaska, Oct. 9, 2007 (PRIME NEWSWIRE) -- Northrim BanCorp, Inc. (Nasdaq:NRIM) today announced its Board of Directors approved a quarterly cash dividend of $0.15 per share. The dividend will be distributed on November 2, 2007, to shareholders of record as of the close of business on October 19, 2007.
"We view regular cash dividends as an excellent means of building shareholder value and rewarding our loyal shareholders," said Marc Langland, President and CEO.
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; Residential Mortgage, LLC; Northrim Benefits Group, LLC; and Pacific Wealth Advisors, LLC. www.northrim.com
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