Northrim Benefits Group on Aug. 14 sold substantially all its assets to Acrisure, a national insurance brokerage offering insurance and risk management services.
Anchorage, Alaska-based Northrim BanCorp Inc. sold its 50.1% interest in Northrim Benefits for $4.6 million. That stake had generated $3.8 million in revenues in 2016. The sale is projected to bring Northrim BanCorp a third-quarter net profit, after tax, of $2.7 million, or 39 cents per share.
Northrim Benefits is retaining its management and staff.