Northrim BanCorp enters new employment agreements with five executives effective Jan 1, 2022

NORTHRIM BANCORP INC

CEO Schierhorn base salary increased to $465,255; CFO Ballard to $294,074; Huston to $295,230; Craig to $249,317.
Steve Aldrich, President/CEO of Residential Mortgage, named executive officer; base salary $252,384 plus $50,000 annual deferred comp contribution.
Aldrich eligible for monthly bonus equal to 5% of RMHC cumulative pre-tax net earnings minus prior bonuses.
All agreements include change-in-control protections, severance terms, and non-compete/non-solicitation clauses.

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