NOVATO, Calif.--(BUSINESS WIRE)--
Bank of Marin Bancorp is proud to announce inclusion in the small-cap
Russell 2000(R) Index as of June 26 when Russell Investments
reconstituted its set of U.S. and global equity indexes. The company was
previously included in the Russell Microcap Index.
"Bank of Marin Bancorp is a healthy, growing institution, and inclusion
in the Russell 2000 Index is validation of our financial strength and
stability and our success in serving our local communities," said
Russell A. Colombo, President and Chief Executive Officer of Bank of
Marin. "This is a timely opportunity to expand our visibility to the
broader investment community, while demonstrating our continued focus on
strategic growth."
The Russell 2000 Index measures the performance of the small-cap segment
of the U.S. equity universe. Russell Indexes are widely used by
investment managers and institutional investors for index funds and as
benchmarks. Total returns data for the Russell 2000 and other Russell
Indexes is available at http://www.russell.com/Indexes/performance/default.asp.
About Bank of Marin Bancorp
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 has received a superior five-star
rating from Bauer Financial for 40 consecutive quarters, and been named
to the Bauer Financial recommended list for 69 quarters (www.bauerfinancial.com).
The Bank has also received the distinction of being rated number 19 out
of 317 California banks by The Street as of December 31, 2008, and was
awarded one of the "Best Places to Work in the Bay Area" by the San
Francisco Business Times. For more information, visit Bank of Marin at www.bankofmarin.com.
About Russell:
Russell Investments provides strategic advice, world-class
implementation, state-of-the-art performance benchmarks and a range of
institutional-quality investment products. Russell has $136 billion in
assets under management as of March 31, 2009, and serves individual,
institutional and advisor clients in more than 40 countries. Founded in
1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance
Company.
Forward Looking Statements:
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: Bank of Marin Bancorp
Fabia Butler, 415-763-4529
fabiabutler@bankofmarin.com