04:49 PM EDT, 08/22/2025 (MT Newswires) -- Northrim BanCorp ( NRIM ) said late Friday its board has approved a 4-for-1 forward stock split of its shares to enhance its stock liquidity.

The shares to be issued in the split will be payable after market close on Sept. 22 for shareholders of record on Sept. 18, the company said, adding the shares are expected to start trading on a post-split basis Sept. 23.

The split will increase the number of shares to about 22 million from about 5.5 million, the company said.

Separately, Northrim said that Chair Joe Schierhorn has announced his retirement, effective Dec. 31, and President and Chief Executive Mike Huston will succeed Schierhorn on Jan. 1 as chair, in addition to his current roles.