David Karp and Krystal Nelson Elected to Northrim Bancorp Board of Directors Following Retirement of Irene Sparks Rowan and Ron Davis

ANCHORAGE, Alaska, May 29, 2015 (GLOBE NEWSWIRE) -- Northrim BanCorp, Inc. (Nasdaq:NRIM) announced shareholders elected David Karp and Krystal Nelson to the Board of Directors at its annual meeting on May 28, 2015, following the retirement of long-time directors Irene Sparks Rowan and Ron Davis.

"We welcome our new directors with enthusiasm while bidding farewell to our departing colleagues and friends with gratitude for their many years of service," said Marc Langland, Northrim BanCorp Chairman. "We are truly fortunate to be able to attract this caliber of business leadership to our board of directors, and we greatly benefit from the breadth of experience and talent our directors bring to our team."

David Karp has extensive knowledge of the aviation, tourism and transportation industries in Alaska. He is currently the President and CEO of Northern Aviation Services, and previously was the President and CEO for Northern Air Cargo, following officer level positions with various tourism companies. David also serves on the Alaska Communications Systems Group Inc. board (ALSK), is Chairman of the National Air Carriers Association and is a member of the National Association of Corporate Directors.

Krystal Nelson brings Alaska Native Corporation experience, as well as government services and finance knowledge. She is currently the Chief Operating Officer for Bering Straits Native Corporation, and previously worked as the Vice President, Chief Operating Officer for Ahtna Engineering Services. Krystal has been heavily involved in local rotary, is a trustee for Pacific Northern Academy, and is a recipient of the Alaska Top 40 Under 40 award.

Irene Sparks Rowan has served as a Director since 1991.She brought a broad range of expertise to Northrim, particularly in developing relationships among Alaska Native corporations. She was named to the Alaska Women's Hall of Fame in 2012 for her national role in the enactment of the Alaska Native Claims Settlement Act and her leadership role as President of Klukwan, Inc., an Alaskan Native Village Corporation.

Ron Davis has served as a Director since 1997 and was the Chairman of the Compensation Committee for the Bank and the Company. He is a prominent Alaska business and civic leader within the Fairbanks community and has served in leadership roles for a number of State and local organizations including United Way, Chamber of Commerce, and Arts Alaska. Northrim has benefited greatly from his financial and business knowledge, specifically with his expertise in insurance and health administration.

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. The Bank differentiates itself with its detailed knowledge of Alaska's economy and its "Customer First Service" philosophy. Affiliated companies include Residential Mortgage, LLC; Northrim Benefits Group, LLC; and Pacific Wealth Advisors, LLC.


CONTACT: Joe Schierhorn, Chief Operating Officer and President of Northrim Bank (907) 261-3308 Latosha Frye, Chief Financial Officer (907) 261-8763

Source:Northrim BanCorp, Inc.