Northrim BanCorp COO Chris Knudson Resigns Due to Disability

Northrim BanCorp, Inc.

announced Wednesday that Christopher J. Knudson has resigned his position as Executive Vice President and Chief Operating Officer (COO) of the Company and of Northrim Bank (the "Bank") due to disabling health issues, effective August 16, 2013. "Chris has been a vital part of our management team since Northrim was founded, and we are deeply grateful for his service to our company and our community," said Marc Langland, Northrim's Chairman, President and Chief Executive Officer. "For over 22 years, Chris has brought to us a profound understanding of banking along with his quick intelligence and deep compassion." Joe Schierhorn, the Executive Vice President and Chief Financial Officer for the Company and the Bank will assume the COO role and continue his responsibilities as Chief Financial Officer for the Company and the Bank, effective immediately. "Mr. Schierhorn has assembled a very capable team to help him oversee the operations of the Bank, and we have great confidence in his leadership capabilities," said Joe Beedle, President and Chief Executive Officer of the Bank. To assist Mr. Schierhorn in his expanded responsibilities, the following three managers are being promoted to Administrative