Northrim BanCorp Implements Leadership Transition for Future Growth
Northrim BanCorp's Leadership Transition
Northrim BanCorp, Inc. has recently made headlines with a major leadership change as Joe Schierhorn announces his retirement. Effective December 31, 2025, Schierhorn will step down, passing the reins of the company to Mike Huston. This decision was revealed during a Board of Directors meeting, emphasizing the organization’s commitment to a smooth succession plan.
Introducing Mike Huston as New Chairman
Mike Huston, who has been with Northrim since 2017, will succeed Schierhorn as the Chairman of the Board, continuing his role as President and CEO. His tenure as President began in 2022, advancing to the dual role of President and CEO in 2024. Huston's track record demonstrates his dedication and capability, and he is poised to drive Northrim towards greater achievements.
Reflections from Joe Schierhorn
Schierhorn's contributions to Northrim BanCorp have been profound. Expressing his pride in the bank's journey since its inception, Schierhorn noted the strong community ties and customer-first philosophy that have become hallmarks of the organization. As he transitions into retirement, his confidence in Northrim's future remains unwavering, citing Huston’s extensive experience and leadership style as key factors for the bank’s continued success.
Joe Schierhorn's Legacy
Schierhorn's legacy at Northrim spans over four decades, starting as a Commercial Loan Officer and advancing through key executive roles. He has led the company through various growth stages and has been pivotal in nurturing its core culture. His numerous contributions include serving on several boards and being inducted into the Alaska Business Hall of Fame.
Recognition and Achievements
Throughout his career, Schierhorn has achieved significant milestones, including his involvement with various community and financial institutions, showcasing his unwavering commitment to Alaska's economic landscape. His leadership has not only shaped the company but also left a lasting mark on the community.
Northrim BanCorp's Future with a New Leader
As Mike Huston prepares to take on the role of Chairman in 2026, the bank looks forward to a future characterized by innovation and growth. Huston's experience will be invaluable as Northrim continues to evolve its services and strengthen its community relationships. With a rich history and a dedicated leadership team, Northrim BanCorp is set to thrive.
Contact Information
For further inquiries, please reach out to:
Mike Huston
President, CEO, and COO
(907) 261-8750
Jed Ballard
Chief Financial Officer
(907) 261-3539
Frequently Asked Questions
What is the significance of Joe Schierhorn's retirement?
Joe Schierhorn's retirement marks the end of an era for Northrim BanCorp, as he has been instrumental in its development and leadership for over 40 years.
Who is Mike Huston?
Mike Huston is the current President and CEO of Northrim BanCorp and will become its Chairman starting January 1, 2026.
What changes can customers expect with the new leadership?
Customers can expect continued commitment to service excellence and a focus on growth and innovation under Mike Huston's leadership.
How long has Mike Huston been with Northrim BanCorp?
Mike Huston has been with Northrim since 2017, taking on increased responsibilities over the years.
What impact has Schierhorn had on the community?
Schierhorn has significantly influenced the community through various leadership roles, enhancing Northrim's reputation and commitment to local initiatives.
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