Northrim BanCorp Files 8-K with Bylaw Amendments
Ticker: NRIM · Form: 8-K · Filed: Sep 19, 2025 · CIK: 1163370
| Field | Detail |
|---|---|
| Company | Northrim Bancorp Inc (NRIM) |
| Form Type | 8-K |
| Filed Date | Sep 19, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00, $0.25 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, filing, bylaws
Related Tickers: NRIM
TL;DR
NRIM filed an 8-K for bylaw changes & exhibits, effective Sept 18.
AI Summary
Northrim BanCorp, Inc. filed an 8-K on September 19, 2025, reporting an event that occurred on September 18, 2025. The filing indicates amendments to its Articles of Incorporation or Bylaws and includes financial statements and exhibits. The company is a federally chartered savings institution based in Anchorage, Alaska.
Why It Matters
This filing signals potential changes in Northrim BanCorp's corporate governance or operational structure, which could impact its regulatory compliance and business strategy.
Risk Assessment
Risk Level: low — The filing is a routine corporate disclosure and does not appear to involve any immediate financial distress or significant negative events.
Key Players & Entities
- NORTHRIM BANCORP INC (company) — Registrant
- September 18, 2025 (date) — Date of earliest event reported
- September 19, 2025 (date) — Date of report
- Anchorage, Alaska (location) — Principal executive offices location
FAQ
What specific amendments were made to Northrim BanCorp's Articles of Incorporation or Bylaws?
The filing indicates that amendments were made, but the specific details of these amendments are not provided in the provided excerpt of the 8-K.
What is the significance of including financial statements and exhibits in this 8-K filing?
Including financial statements and exhibits suggests that the amendments or other events reported may have financial implications or require supporting documentation for regulatory purposes.
When did the reported event, triggering this 8-K filing, take place?
The earliest event reported occurred on September 18, 2025.
What is Northrim BanCorp's primary business classification?
Northrim BanCorp is classified as a SAVINGS INSTITUTION, FEDERALLY CHARTERED.
Where are Northrim BanCorp's principal executive offices located?
The principal executive offices are located at 3111 C Street, Anchorage, Alaska 99503.
Filing Stats: 609 words · 2 min read · ~2 pages · Grade level 10.2 · Accepted 2025-09-19 15:42:58
Key Financial Figures
- $1.00 — the par value of the Common Stock from $1.00 to $0.25. The Amendment, which became e
- $0.25 — value of the Common Stock from $1.00 to $0.25. The Amendment, which became effective
Filing Documents
- nrim-20250918.htm (8-K) — 34KB
- exhibit31stocksplit2503.htm (EX-3.1) — 11KB
- 0001163370-25-000039.txt ( ) — 159KB
- nrim-20250918.xsd (EX-101.SCH) — 2KB
- nrim-20250918_lab.xml (EX-101.LAB) — 22KB
- nrim-20250918_pre.xml (EX-101.PRE) — 13KB
- nrim-20250918_htm.xml (XML) — 2KB
03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On August 22, 2025, Northrim BanCorp, Inc. (the "Company") announced that its Board of Directors had approved a 4-for-1 forward split (the "Stock Split") of its outstanding shares of common stock (the "Common Stock"), to be effected through the filing of Articles of Amendment to the Company's Amended and Restated Articles of Incorporation, as amended ("the Amendment"). The Company filed the Amendment with the Alaska Division of Corporations, Business & Professional Licensing to effect the Stock Split and proportionally increase the number of authorized shares of the Company's Common Stock from 10,000,000 to 40,000,000 and proportionally decrease the par value of the Common Stock from $1.00 to $0.25. The Amendment, which became effective at 2:01 p.m. Alaska Standard Time on September 18, 2025, is filed as Exhibit 3.1 hereto. As a result of the Stock Split, each shareholder of record as of the close of trading on September 18, 2025 (the "Effective Time"), will receive, after the close of trading on September 22, 2025, three additional shares of Common Stock for every share held at the Effective Time. Trading is expected to begin on a split-adjusted basis on September 23, 2025.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (a) Financial statements – not applicable (b) Proforma financial information – not applicable (c) Shell company transactions – not applicable (d) Exhibit No. Description 3.1 Articles of Amendment of Northrim BanCorp, Inc. dated August 21, 2025
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Northrim BanCorp, Inc. September 19, 2025 By: /s/ Jed W. Ballard Name: Jed W. Ballard Title: EVP, Chief Financial Officer Exhibit Index Exhibit No. Description 3.1 Articles of Amendment of Northrim BanCorp, Inc. dated August 21, 2025