October 22, 2013
To Our Valued Customers:
As you may have already heard, the board of directors from Alaska Pacific Bank and Northrim Bank agreed to a merger that will be effective in the first quarter of 2014.
Since 1935, Alaska Pacific Bank has been "Your Neighbors…Your Bank," serving the people and communities of Southeast Alaska with an understanding of the region's unique lifestyles. Since then, the bank has maintained a commitment to be the most responsive community bank in the region and to having the best employees and services possible. The goal of this merger is to create a stronger community bank, providing added convenience and enhanced products and services.
This is an excellent opportunity to combine two well-respected Alaska community banks that share a deep commitment to our customers and local communities. We both maintain similar core values of integrity, relationship banking, local knowledge and added-value service. This merger will allow us to serve you with more resources including more diversified financial products and services, while preserving the spirit of community banking in Southeast Alaska.
Northrim Bank is an Alaska-based community bank with ten branch locations in Anchorage, Eagle River, Wasilla, and Fairbanks. Northrim is Alaska grown with a community-focused philosophy and commitment to providing a high level of personal service. Joining the Southeast communities of Juneau, Sitka, and Ketchikan will create a statewide presence and provide services throughout Alaska.
Northrim has $1.2 billion in assets, and that financial strength will ensure your deposits are secure while giving you access to higher lending limits for loans. Additionally, Northrim has affiliate companies that provide added value services in residential mortgage, investments, and healthcare benefits.
For the next several months we will be working together to make the transition go as smoothly as possible for you. During that time, your banking experience with Alaska Pacific Bank will be "business as usual," with the staff and service you have come to expect. We will provide you with more specific information about your accounts after the close of the merger transaction. Until then, you can look for updates from us directly, or on our websites, www.alaskapacificbank.comand www.northrim.com.

If you have any questions, please feel free to contact us at your local branch or by telephone. You are a valued customer and we look forward to serving you for many years to come.
Craig E. Dahl President & CEO Alaska Pacific Bank
907-790-5101
Joe Beedle President & CEO Northrim Bank
907-261-3338

Alaska Pacific Bank Northrim Bank

2094 Jordan Avenue