Northrim BanCorp said Tuesday that the president of Northrim Bank has also become chief executive of the Anchorage, Alaska bank.
Joe Beedle also became a director at the bank, raising the size of the board to 12 members. He succeeded Marc Langland, who remains chairman, president and CEO of the $1 billion-asset holding company and chairman of the bank.
Before he joined Northrim, Beedle was the chief financial officer for the University of Alaska.
The Cleveland company's merger-and-acquisition pipeline is bursting with deals, said CEO Chris Gorman, but geopolitical concerns are causing some clients to "slow-play" their transactions.
Community Bankshares in Lagrange ran afoul of regulators after announcing a major expansion of its government-guaranteed lending operation in 2025.
The Federal Savings Bank in Chicago got hit with a federal consent order after the Office of the Comptroller of the Currency found that the bank blasted veterans with millions of deceptive ads.
While last year was the best for origination income since 2022, annual net servicing revenue for mortgage bankers was approximately 70% below 2024's level.
The stablecoin provider recently applied for a national trust bank charter from the OCC after acquiring a New York trust charter last year.
The credit card lender, which is scheduled to report first-quarter earnings April 23, followed its release of an agentic commerce kit by agreeing to acquire Hypercard, a Sam Altman-backed company that uses AI to support expense management.
