---
schema_version: "secwatch.filing_event.v1"
accession: "0001163370-26-000034"
form_type: "8-K"
ticker: "NRIM"
cik: "0001163370"
company_name: "NORTHRIM BANCORP INC"
filed_at: "2026-10-22T19:25:42+00:00"
generated_at: "2026-10-22T19:27:03.915713+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Northrim and PBCO shareholders approve merger; deal expected to close on or about Jan 1, 2027

## Summary
- Northrim share issuance for PBCO holders approved: 15,748,028 for, 213,530 against, 42,746 abstained; 16,004,304 votes cast, 72% of 22,244,766 shares outstanding.
- PBCO shareholders separately approved the merger agreement at their own special meeting held October 20, 2026.
- Merger dated July 22, 2026: PBCO (People's Bank of Commerce, Medford, Oregon) merges into Northrim sub Whitewater Sub, Inc., then into Northrim.
- Closing targeted on or about January 1, 2027, still subject to receipt of regulatory approvals and remaining customary closing conditions.
- CEOs Michael Huston (Northrim) and Julia Beattie (People's Bank) cited community banking ties and a broader combined product offering.

## SEC filing metadata
- accession: 0001163370-26-000034
- form_type: 8-K
- ticker: NRIM
- cik: 0001163370
- company_name: NORTHRIM BANCORP INC
- filed_at: 2026-10-22T19:25:42+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163370/000116337026000034/0001163370-26-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163370/000116337026000034/nrim-20261020.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001163370-26-000034
- JSON: https://secwatch.observer/filing/0001163370-26-000034.json
- Plain text: https://secwatch.observer/filing/0001163370-26-000034.txt

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