Northrim BanCorp shareholders approve share issuance for PBCO merger
At a virtual special meeting on October 20, 2026, Northrim BanCorp shareholders approved issuing Northrim common stock as merger consideration to PBCO Financial Corporation shareholders. PBCO's shareholders also approved the merger agreement at their own meeting that day. Completion still requires regulatory approvals and other customary closing conditions, and the companies anticipate closing on or about January 1, 2027.
Key points
- Shareholder vote: 15,748,028 for, 213,530 against, 42,746 abstained, and 0 broker non-votes.
- Shares present: 16,004,304, or 72%, of the 22,244,766 shares outstanding and entitled to vote.
- PBCO shareholders approved the merger agreement at a special meeting also held on October 20, 2026.
- Companies anticipate the transaction to close on or about January 1, 2027, subject to regulatory approvals and remaining closing conditions.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 22, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.