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  <TITLE> Northrim BanCorp, Inc. (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	February 2, 2006
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  	Northrim BanCorp, Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Alaska
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  	0-33501
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  	92-0175752
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	3111 C Street, Anchorage, Alaska
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  	99503
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	&nbsp;
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  	907-562-0062
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
  </P>
  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  <B>
  	Item 8.01 Other Events.
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  On February 2, 2006, Northrim BanCorp, Inc. announced by press release that it made a minority investment in Pacific Wealth Advisors, LLC, a newly formed wealth management and investment advisory services holding company.<br><br>A copy of the press release is attached hereto as Exhibit 99.1.<br><br>The information contained in Exhibit 99.1 is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liability of that Section, nor shall such information be deemed to be incorporated by reference in any registration statement or other document filed under the Securities Act of 1933 of the Exchange Act, except as otherwise stated in such filing.
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  	Item 9.01 Financial Statements and Exhibits.
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  (a)  Financial statements - not applicable.<br><br>(b)  Pro forma financial information - not applicable.<br><br>
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	Northrim BanCorp, Inc.
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  	&nbsp;&nbsp;
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  <I>
  	February 2, 2006
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  	&nbsp;
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  <I>
  	By:
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  	&nbsp;
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  <I>
  	R. Marc Langland
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  	&nbsp;
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  <I>
  	Name: R. Marc Langland
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  	&nbsp;
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  <I>
  	Title: Chairman, President, and CEO
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	&nbsp;
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  	Description
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  	99.1
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  	&nbsp;
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  Press release dated February 2, 2006
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_9972.htm", "description": "LIVE FILING", "secsgml_size_bytes": 10465}]
metadata_filer: {"company-data": {"conformed-name": "NORTHRIM BANCORP INC", "cik": "0001163370", "assigned-sic": "6035", "irs-number": "920175752", "state-of-incorporation": "AK", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-33501", "film-number": "06572852"}, "business-address": {"street1": "P O BOX 241489", "city": "ANCHORAGE", "state": "AK", "zip": "99524-1489"}}
text: Northrim BanCorp, Inc. (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  February 2, 2006
  Northrim BanCorp, Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Alaska
  0-33501
  92-0175752
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  3111 C Street, Anchorage, Alaska
  99503
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  907-562-0062
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 8.01 Other Events.
  On February 2, 2006, Northrim BanCorp, Inc. announced by press release that it made a minority investment in Pacific Wealth Advisors, LLC, a newly formed wealth management and investment advisory services holding company.
  A copy of the press release is attached hereto as Exhibit 99.1.
  The information contained in Exhibit 99.1 is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liability of that Section, nor shall such information be deemed to be incorporated by reference in any registration statement or other document filed under the Securities Act of 1933 of the Exchange Act, except as otherwise stated in such filing.
  Item 9.01 Financial Statements and Exhibits.
  (a)  Financial statements - not applicable.
  (b)  Pro forma financial information - not applicable.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  Northrim BanCorp, Inc.
  February 2, 2006
  By:
  R. Marc Langland
  Name: R. Marc Langland
  Title: Chairman, President, and CEO
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  99.1
  Press release dated February 2, 2006