secwatch.observer — SEC 8-K summary
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Issuer:     NORTHRIM BANCORP INC (NRIM)
CIK:        0001163370
Form:       8-K
Filed at:   2026-10-22T19:25:42+00:00
Accession:  0001163370-26-000034
Event type: m_and_a
Sentiment:  positive
Materiality: 0.55
Item codes: 5.07, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163370/000116337026000034/0001163370-26-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163370/000116337026000034/nrim-20261020.htm
  HTML page:      https://secwatch.observer/filing/0001163370-26-000034

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