NOVATO, Calif.--(BUSINESS WIRE)--
Bank of Marin Bancorp (NASDAQ: BMRC) announced today that its Board of
Directors declared a quarterly cash dividend of $0.15 per share. The
cash dividend is payable on August 13, 2010 to shareholders of record at
the close of business on August 2, 2010.
"We are very pleased with our strong second quarter numbers contributing
to our positive long-term performance, allowing us to pay dividends to
our shareholders for the 21st consecutive quarter,” said Russell
Colombo, President and Chief Executive Officer.
About Bank of Marin Bancorp
Bank of Marin Bancorp's assets currently exceed $1 billion. Bank of
Marin, as the sole subsidiary of Bank of Marin Bancorp, is the largest
community bank in Marin County with thirteen branch offices in Marin and
Sonoma counties and a commercial loan office in San Francisco. The
Bank's Administrative offices are located in Novato, California. Bank of
Marin offers business and personal banking, private banking, and wealth
management services, with a strong focus on supporting the local
community.
Bank of Marin Bancorp is included in the Russell 2000 Small-Cap Index,
is recognized as a Top 200 Community Bank, ranked number 42 in the U.S.
by US Banker Magazine, and has received the highest five star rating
from Bauer Financial for more than ten years (www.bauerfinancial.com).
Celebrating its 20th anniversary in 2010, 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.
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:
For Bank of Marin Bancorp
Sahana Jayaraman, 415-633-3216
sjayaraman@peppercom.com