Northrim BanCorp and PBCO Financial Corporation Announce Shareholder Approvals for Proposed Acquisition

Northrim BanCorp, Inc. has received all necessary shareholder approvals for its acquisition of PBCO Financial Corporation, with PBCO shareholders approving the merger on October 20, 2026. The transaction is expected to close around January 1, 2027, pending customary closing conditions. Both companies view the merger as a strategic move to enhance their community-focused banking operations.