Northrim and PBCO Shareholders Approve Proposed Acquisition

Northrim BanCorp, Inc. (NRIM) and PBCO Financial Corporation announced that shareholders of both companies have approved the proposed acquisition of PBCO by Northrim. The approvals were granted at separate special shareholder meetings held on October 20, 2026, marking a significant step toward the completion of the merger agreement originally dated July 22, 2026.

Key Details

• Shareholder Vote: Northrim shareholders approved the issuance of common stock as merger consideration, with 15,748,028 votes for and 213,530 against.
• Anticipated Closing: The transaction is expected to close on or about January 1, 2027.
• Remaining Conditions: Completion of the merger remains subject to receiving necessary regulatory approvals and satisfying other customary closing conditions.