---
schema_version: "secwatch.filing_event.v1"
accession: "0001163370-24-000040"
form_type: "8-K"
ticker: "NRIM"
cik: "0001163370"
company_name: "NORTHRIM BANCORP INC"
filed_at: "2024-11-01T23:59:59+00:00"
generated_at: "2026-05-30T06:49:39.885517+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Northrim BanCorp acquires Sallyport Commercial Finance for ~$53.9M; expects 15% EPS accretion in 2025

## Summary
- All-cash acquisition of factoring and ABL provider closed Oct 31, 2024; total consideration ~$53.9M.
- SCF surpassed $5B in debts factored in 2023; serves small/medium enterprises in U.S. and Canada.
- Deal expected to add ~15% to Northrim’s 2025 diluted earnings per share.
- SCF co-founder Nick Hart and existing management team will remain in place.
- Northrim funded through cash on hand; had prior lending relationship with Sallyport.

## SEC filing metadata
- accession: 0001163370-24-000040
- form_type: 8-K
- ticker: NRIM
- cik: 0001163370
- company_name: NORTHRIM BANCORP INC
- filed_at: 2024-11-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163370/000116337024000040/0001163370-24-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163370/000116337024000040/nrim-20241031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001163370-24-000040
- JSON: https://secwatch.observer/filing/0001163370-24-000040.json
- Plain text: https://secwatch.observer/filing/0001163370-24-000040.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.