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3111 C Street
Anchorage, AK 99503

May 3, 2010

**** IMPORTANT ****

Dear Northrim Shareholder:

     We are sending you this letter as additional proxy materials relating to our Annual Shareholders’ Meeting which will be held at the Hilton Anchorage Hotel – 500 West Third Avenue in Anchorage, Alaska on Thursday, May 20, 2010 at 9:00 A.M.

     Because of a change in New York Stock Exchange rules, we note that, unlike at our previous annual meetings, your broker will not be able to vote your shares with respect to the election of directors if you have not provided instructions to your broker. We strongly encourage you to submit your proxy card and exercise your right to vote.

     Our Board of Directors recommends that you vote in favor of the election of each director, the ratification of our auditors and the approval of our 2010 Stock Incentive Plan.

     Because we have not heard from you, we are sending you this reminder notice, and we urge you to vote your proxy immediately. As a shareholder, you have the ability to vote over the internet, by telephone or by submitting your proxy card, and we are asking you to do so now to save the Company further expense. Instructions on how to vote over the phone or internet are enclosed with this letter.

     Your shares cannot be represented at the Annual Meeting on the election of directors or the approval of our 2010 Stock Incentive Plan, unless you either sign and return the enclosed voting form or vote by telephone or over the internet.

     If you sign and return the enclosed proxy card without indicating a choice of “for,” “against” or “abstain” your shares will be voted as recommended by our Board of Directors.

Please Vote Today

     If you have questions or need help voting your shares, please call our proxy solicitation firm, Morrow & Co., LLC, at 800.607.0088.

Sincerely,

Mary A. Finkle
Corporate Secretary