Northrim BanCorp to buy PBCO Financial in $167.3 million all-stock deal

Reuters2026/07/22 23:50

By:Reuters

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Northrim BanCorp to acquire PBCO Financial in an all-stock deal valued at about $167.3 million, expanding into Southern Oregon and the Willamette Valley.
PBCO holders to receive 1.16 Northrim shares per PBCO share; implied value $32.36 per share based on Northrim’s $27.9 close on July 21.
PBCO shareholders expected to own about 21.1% of the combined company; one PBCO director to join Northrim’s board.
Combined company projected at about $4.2 billion assets, $3 billion loans, $3.5 billion deposits based on June 30 figures.
Closing targeted for Q4 2026 or early Q1 2027; system conversion expected in Q4 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Northrim BanCorp Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607221950PRIMZONEFULLFEED9766745) on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Northrim BanCorp to buy PBCO Financial in $167.3 million all-stock deal

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