Northrim BanCorp in Anchorage, Alaska, has agreed to buy Residential Mortgage Holding Co.

The $1.4-billion-asset Northrim will pay $29.8 million for a 76.5% stake in Residential Mortgage Holding, the parent of Residential Mortgage LLC. The transaction is expected to close in the fourth quarter.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry