Northrim BanCorp authorizes repurchase of additional 110,000 shares (2% of outstanding)

NORTHRIM BANCORP INC

Board authorized repurchase of up to 110,000 additional shares, ~2% of outstanding.
Since 2018, company has repurchased and retired 1,511,383 shares.
Repurchases to be made in open market or privately; program may be modified or terminated anytime.
Company currently has 5.5 million shares outstanding.
CFO states program builds long-term shareholder value and is good use of capital.

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