Northrim BanCorp board authorizes additional 285,000 share repurchase (~5% of outstanding)

NORTHRIM BANCORP INC

Board approved buyback of up to 285,000 shares, representing approx. 5% of issued shares.
No shares remained available under the prior repurchase authorization before this increase.
Since program inception, 2,049,927 shares have been repurchased and retired.
Company has 5.7 million shares outstanding; repurchases subject to market conditions.
CFO cites buybacks as an excellent use of capital to build long-term shareholder value.

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