Reported Earlier, Northrim BanCorp Agrees To Buy PBCO Financial For $167.3M In First Out-Of-State Branch Expansion
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Why It Matters
Northrim BanCorp is buying another bank called PBCO Financial for $167.3 million, which is its first time expanding to a different state. When companies buy other companies, it usually means they want to grow bigger and serve more customers in new places.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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