NOVATO, Calif.--(BUSINESS WIRE)--
Bank of Marin Bancorp (NASDQ:BMRC) announced earlier today that on
Friday, July 17, 2009, its Board of Directors declared a cash dividend
of $0.14 per share. The cash dividend is payable on August 14, 2009 to
shareholders of record at the close of business on August 3, 2009.
"We are pleased to continue our cash dividend for the seventeenth
consecutive quarter, providing a consistent return on investment to our
shareholders," said Russell Colombo, President and Chief Executive
Officer. "Our continued healthy results are a tribute to our focus on
conservative underwriting and the strong relationships we have built
with our customers and the communities we serve."
Bank of Marin Bancorp's assets currently exceed $1 billion. Bank of
Marin, as the sole subsidiary of Bancorp, operates twelve branch offices
in California and a commercial loan production office in San Francisco.
The Bank's Administrative offices are located in Novato, California and
its Wealth Management Services are located in Corte Madera, Novato and
Petaluma, California. Bank of Marin is included in the Russell 2000
Small-Cap Index and has received a superior five-star rating from Bauer
Financial for 40 consecutive quarters, including being named to the
Bauer Financial recommended list for 69 quarters (www.bauerfinancial.com).
Bank of Marin has been recognized as one of the "Best Places to Work in
the Bay Area" and one of the "Top Corporate Philanthropists" by the San
Francisco Business Times. For more information, visit Bank of Marin at www.bankofmarin.com.
This release may contain certain forward-looking statements that are
based on management's current expectations regarding economic,
legislative, and regulatory issues that may impact Bancorp's earnings in
future periods. Forward-looking statements can be identified by the fact
that they do not relate strictly to historical or current facts. They
often include the words "believe," "expect," "intend," "estimate" or
words of similar meaning, or future or conditional verbs such as "will,"
"would," "should," "could" or "may." Factors that could cause future
results to vary materially from current management expectations include,
but are not limited to, general economic conditions, the current
financial turmoil in the United States and abroad, changes in interest
rates, deposit flows, real estate values, and competition; changes in
accounting principles, policies or guidelines; changes in legislation or
regulation; and other economic, competitive, governmental, regulatory
and technological factors affecting Bancorp's operations, pricing,
products and services. These and other important factors are detailed in
various securities law filings made periodically by Bancorp or the Bank,
copies of which are available from Bancorp without charge. Bancorp
undertakes no obligation to release publicly the result of any revisions
to these forward-looking statements that may be made to reflect events
or circumstances after the date of this press release or to reflect the
occurrence of unanticipated events.
Source: Bank of Marin Bancorp
Contact: for Bank of Marin Bancorp
Sandy Pfaff, 415-633-3224
spfaff@peppercom.com