Northrim BanCorp, Inc. Announces Board Chair Change; Huston to Succeed Schierhorn as Chairman of the Board
Northrim BanCorp (NASDAQ:NRIM) announced a significant leadership transition as Joe Schierhorn will retire as Chairman of the Board effective December 31, 2025. Mike Huston, the current President & CEO, will succeed Schierhorn as Chairman of both Northrim Bank and the Company starting January 1, 2026, while maintaining his existing responsibilities.
Schierhorn, a charter employee since 1990, has served in various key roles including CFO, COO, CEO, and Chairman since 2018. His 40-year career in Alaska included significant civic leadership, culminating in his 2025 induction into the Alaska Business Hall of Fame. The transition is part of the company's ongoing succession plan, with Huston, who joined in 2017, bringing extensive experience and a collaborative leadership style to the organization.
Northrim BanCorp (NASDAQ:NRIM) ha annunciato una rilevante transizione ai vertici: Joe Schierhorn andr脿 in pensione dalla carica di Presidente del Consiglio il 31 dicembre 2025. A partire dal 1掳 gennaio 2026, Mike Huston, attuale Presidente e CEO, assumer脿 la carica di Presidente sia della Northrim Bank sia della societ脿, continuando contestualmente a ricoprire i suoi incarichi attuali.
Schierhorn, dipendente sin dall'apertura nel 1990, ha ricoperto ruoli chiave tra cui CFO, COO, CEO e, dal 2018, Presidente. La sua carriera quarantennale in Alaska comprende anche importanti impegni civici e si 猫 conclusa con l'ingresso nella Alaska Business Hall of Fame nel 2025. La successione rientra nel piano aziendale previsto: Huston, in azienda dal 2017, porta esperienza consolidata e uno stile di leadership collaborativo.
Northrim BanCorp (NASDAQ:NRIM) anunci贸 una importante transici贸n en su direcci贸n: Joe Schierhorn se retirar谩 como presidente de la junta el 31 de diciembre de 2025. A partir del 1 de enero de 2026, Mike Huston, actual presidente y CEO, suceder谩 a Schierhorn como presidente tanto de Northrim Bank como de la compa帽铆a, manteniendo sus responsabilidades actuales.
Schierhorn, empleado desde la fundaci贸n en 1990, ha ocupado distintos puestos clave como CFO, COO, CEO y presidente desde 2018. Su carrera de 40 a帽os en Alaska incluy贸 un destacado liderazgo c铆vico y culmin贸 con su ingreso al Alaska Business Hall of Fame en 2025. La transici贸n forma parte del plan de sucesi贸n de la compa帽铆a; Huston, que se incorpor贸 en 2017, aporta amplia experiencia y un enfoque de liderazgo colaborativo.
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Northrim BanCorp (NASDAQ:NRIM) a annonc茅 un changement important 脿 la t锚te de l'entreprise : Joe Schierhorn prendra sa retraite de la pr茅sidence du conseil d'administration au 31 d茅cembre 2025. 脌 compter du 1er janvier 2026, Mike Huston, actuel pr茅sident et CEO, succ茅dera 脿 Schierhorn en tant que pr茅sident de Northrim Bank et de la soci茅t茅, tout en conservant ses responsabilit茅s actuelles.
Schierhorn, employ茅 fondateur depuis 1990, a occup茅 plusieurs postes cl茅s, dont CFO, COO, CEO et pr茅sident depuis 2018. Sa carri猫re de 40 ans en Alaska inclut un engagement civique notable et s鈥檈st conclue par son entr茅e au Alaska Business Hall of Fame en 2025. Cette transition s鈥檌nscrit dans le plan de succession de l鈥檈ntreprise ; Huston, arriv茅 en 2017, apporte une solide exp茅rience et un style de leadership collaboratif.
Northrim BanCorp (NASDAQ:NRIM) gab einen bedeutenden F眉hrungswechsel bekannt: Joe Schierhorn wird zum 31. Dezember 2025 als Vorstandsvorsitzender in den Ruhestand treten. Ab dem 1. Januar 2026 wird Mike Huston, der derzeitige Pr盲sident und CEO, Schierhorn als Vorsitzender sowohl der Northrim Bank als auch des Unternehmens nachfolgen und dabei seine bisherigen Aufgaben beibehalten.
Schierhorn, seit der Gr眉ndung 1990 im Unternehmen, hatte verschiedene Schl眉sselpositionen inne, darunter CFO, COO, CEO und seit 2018 Vorsitzender. Seine 40-j盲hrige Karriere in Alaska umfasste bedeutendes b眉rgerschaftliches Engagement und fand 2025 ihren H枚hepunkt mit der Aufnahme in die Alaska Business Hall of Fame. Der Wechsel ist Teil des geplanten Nachfolgeprozesses; Huston, seit 2017 im Haus, bringt umfassende Erfahrung und einen kooperativen F眉hrungsstil mit.
- None.
- Loss of experienced leader with over 40 years of Alaska banking expertise
- Potential transition risks as Chairman responsibilities consolidate under current CEO
ANCHORAGE, Alaska, Aug. 22, 2025 (GLOBE NEWSWIRE) -- At yesterday鈥檚 board of directors (鈥淏oard鈥�) meeting, Joe Schierhorn announced his retirement from Northrim BanCorp, Inc. (Nasdaq:NRIM) (鈥淣orthrim鈥� or the 鈥淐ompany鈥�) effective as of December 31, 2025. As part of its continuing succession plan, the Board announced that Mike Huston, current President & CEO, will succeed Mr. Schierhorn as Chairman of the Board of Northrim Bank (the 鈥淏ank鈥�) and Company on January 1, 2026, in addition to his current responsibilities. Mr. Huston has been with the Company since 2017 serving as President since 2022 and President and CEO since 2024.
"It has been an honor to be part of the Bank since its inception. We have invested in Alaska, connected with our community and created a culture of customer first service and I know the organization will continue to do so going forward," said Schierhorn. I am retiring with the confidence that Northrim will continue to be a vibrant and growing part of our community. Mike has brought a wealth of experience to the organization. His collaborative leadership style has resulted in growth and success throughout the Bank. He continuously exhibits a commitment to our customers, employees and the communities we serve.鈥�
Mr. Schierhorn鈥檚 professional career began at Alaska Pacific Trust and has spanned over 40 years within Alaska. He is a charter employee of the Bank, starting as the Bank鈥檚 Commercial Loan Officer and Regulatory Compliance Manager in 1990. He served as Chief Financial Officer, Chief Operating Officer and finally President and Chief Executive Officer of the Bank. He has served as the Chairman of the Board and Company since 2018. He also served as Lead Director, Audit Committee Chair on the board of Pacific Wealth Advisors, LLC and as Director for Pacific Portfolio Trust Co. since 2017.
鈥淭he Board recognizes that the Company and Bank have benefited from Mr. Schierhorn鈥檚 vision, financial and business knowledge and community leadership through many years of dedicated service. His hard work, integrity, and commitment have made a lasting impact, and will ensure the long-term success of our company,鈥� notes Northrim Bank President & CEO Mike Huston. 鈥淲e will miss Joe鈥檚 leadership at the Bank but know that he will continue to be an advocate for all Alaska and we are proud to have worked with him at Northrim.鈥�
Mr. Schierhorn has been a prominent Alaska business and civic leader. He was inducted into the Alaska Business Hall of Fame in 2025 and is a Diamond Donor within the Leadership Council of the United Way of Anchorage. He has held significant leadership roles and board positions for State and local organizations including the Alaska Bankers Association, Pacific Bankers Management Institute (representing the Pacific Coast Banking School), Federal Reserve Bank of San Francisco Twelfth District Community Deposit Institutions Advisory Council, Anchorage Chamber of Commerce, Anchorage Rotary Club, United Way of Anchorage, Resource Development Council of Alaska, KEEP Alaska Competitive, and Seawolf 5th Line.
About Northrim BanCorp
Northrim BanCorp, Inc. is the holding company of Northrim Bank, an Alaska-based community bank with 20 branches throughout the state and differentiates itself with its detailed knowledge of Alaska鈥檚 economy and its 鈥淪uperior Customer First Service鈥� philosophy. The bank has two wholly-owned subsidiaries, Sallyport Commercial Finance, LLC, a specialty finance company and Residential Mortgage, LLC, a regional home mortgage company. Pacific Wealth Advisors, LLC is an affiliated company.
| Contact: | Mike Huston, President, CEO, and COO |
| 听 | (907) 261-8750 |
| 听 | Jed Ballard, Chief Financial Officer |
| 听 | (907) 261-3539 |
| 听 | 听 |
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