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 February 12, 2010 to shareholders of record
at the close of business on February 4, 2010.
"We are very pleased with our financial results from 2009 and are
happy to continue our track record of paying dividends to our
shareholders for 19 straight quarters," said Russell Colombo, President
and Chief Executive Officer. "The Bank's continued success is due to our
focus on the fundamentals of prudent, conservative banking and we're
proud to deliver on the promises we make to our shareholders, our
customers and the communities we serve."
About Bank of Marin Bancorp
Bank of Marin Bancorp's assets currently exceed $1 billion. Bank of
Marin, as the sole subsidiary of Bancorp, is the number one community
bank in Marin County with thirteen branch offices in the Bay Area 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 Greenbrae, Novato and Petaluma,
California. Bank of Marin is included in the Russell 2000 Small-Cap
Index, is recognized as one of thirty top performing small-cap banks by
Sandler O'Neill + Partners, 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: Peppercom
Sandy Pfaff, 415-633-3224
spfaff@peppercom.com