latest news releases from the newsroom
American Mold Guard, Inc.
American Mold Guard Hires PR Financial Marketing
SAN JUAN CAPISTRANO, Calif., Jan. 23, 2008 (PRIME NEWSWIRE) -- American Mold Guard, Inc. (Nasdaq:AMGI), a provider of structural decontamination and protective coating services, announced that it has retained PR Financial Marketing LLC, headquartered in Houston, TX, to launch a financial marketing program intended to broaden its presence within the financial community.
Northrim BanCorp, Inc.
Northrim BanCorp Assets Cross Billion Dollar Mark
ANCHORAGE, Alaska, Jan. 23, 2008 (PRIME NEWSWIRE) -- Northrim BanCorp, Inc. (Nasdaq:NRIM) today reported total assets crossed the $1 billion mark at year end 2007 following the fourth quarter completion of its acquisition of Alaska First Bank & Trust, N.A. Profits in 2007 benefited from core deposit and other operating income growth along with a strong net interest margin, which helped offset higher loan loss provisions. In 2007, net income totaled $11.7 million or $1.80 per diluted share, compared to $13.0 million, or $1.99 per diluted share, in 2006. Reflecting the addition of $3.0 million to reserves, earnings in the fourth quarter of 2007 were $2.2 million, or $0.34 per diluted share, compared to $3.7 million, or $0.56 per diluted share, in the like period a year ago. All per share results reflect the payment of a 5% stock dividend in October 2007 and the ongoing share repurchase program.