Northrim BanCorp Expands Pacific Northwest Footprint with Acquisition of People’s Bank of Commerce
ANCHORAGE, AK – In a move that signals a significant shift in the competitive landscape of West Coast community banking, Northrim BanCorp, Inc. (NASDAQ: NRIM), the parent company of Northrim Bank, has announced a definitive agreement to acquire People’s Bank of Commerce (OTC: PBCO), headquartered in Medford, Oregon. The strategic merger, valued at approximately $32.36…
