Affiliation with Northrim Bank
ICL Financial Services was the founding agency with over 35 years of local presence and experience. As ICL grew, it developed two main focuses - one on financial planning and investing, the other on employee benefits and health insurance. The employee benefits arm of the company developed a unique relationship with Northrim Bank and effective April 2005, Northrim Benefits Group, LLC was formed as an affiliate company to Northrim Bank to better serve their customers, as well as provide the financial vehicles necessary for various benefit plans under an integrated and seamless approach to the customer.
Northrim Bancorp holds a 50.1% ownership interest in Northrim Benefits Group, LLC. Bruce Moore, President of Northrim Benefits Group, LLC, maintains a 49.9% ownership interest. Products offered by Northrim Benefits Group are: NOT FDIC INSURED, NOT A DEPOSIT OF OR GUARANTEED BY NORTHRIM BANK, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY, MAY LOSE VALUE.
