Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
ANCHORAGE, Alaska, Aug. 30, 2016 -- Northrim BanCorp, Inc. (Nasdaq:NRIM) today announced its Board of Directors has promoted Michael Martin to serve as Chief Operating Officer of Northrim Bank, effective immediately.
Mike Martin assumes the role of Chief Operating Officer of Northrim Bank and remains an Executive Vice President, General Counsel and Corporate Secretary at both the corporate and bank levels. He is taking over the COO role from Joe Schierhorn, who remains the President and CEO of Northrim Bank, and Executive Vice President and Chief Operating Officer of Northrim Bancorp.
“Mike is an astute banker and a capable manager with more than 20 years of banking experience,” said Joseph Beedle, President and CEO of Northrim Bancorp. “We continue to promote team members to positions of increasing responsibility, as well as recruit talented bankers to our team, as we grow our Alaska franchise.”
Michael Martin has been with Northrim Bank since 2011, and has been in the financial industry since 1995. He worked for First National Bank Alaska before joining the Northrim team, serving as a Commercial Loan Officer, Commercial Loan Unit Manager, In-House Legal Counsel and Business and Community Development Officer, General Counsel and Corporate Secretary. He has taught many courses through Alaska Pacific University, Pacific Coast Banking School at UW, the American Institute of Banking, and is currently an Adjunct Professor at the University of Alaska Anchorage. Michael holds a Juris Doctorate from Ohio Northern University and is a graduate of the Pacific Coast Banking School. He is a current board member and past-president of Alaska Public Media as well as the Secretary/Treasurer of the Alaska Bankers Association.
About Northrim BanCorp
Northrim BanCorp, Inc. is the parent company of Northrim Bank, an Alaska-based community bank with 14 branches in Anchorage, the Matanuska Valley, Juneau, Fairbanks, Ketchikan, and Sitka serving 90% of Alaska’s population; and an asset based lending division in Washington; and a wholly-owned mortgage brokerage company, Residential Mortgage Holding Company, LLC. The Bank differentiates itself with its detailed knowledge of Alaska’s economy and its “Customer First Service” philosophy. Affiliated companies include Northrim Benefits Group, LLC; and Pacific Wealth Advisors, LLC.
Contact: Joe Beedle, President and Chief Executive Officer (907) 261-3338
