Follows Strong Q4 and Record Annual Earnings
NOVATO, Calif.--(BUSINESS WIRE)--
Bank of Marin Bancorp (“the Bank”)(NASDAQ:BMRC) has announced that its
Board of Directors has declared a quarterly cash dividend of $0.16 per
share. The cash dividend is payable to shareholders of record at the
close of business on February 3, 2011 and will be payable on February
11, 2011. The Bank has paid a dividend for the past 23 quarters.
"As a result of our strong financial performance, Bank of Marin will pay
a dividend to our shareholders again this quarter,” said Russell
Colombo, President and Chief Executive Officer. “Our disciplined and
personalized approach to working with our customers and the community is
what drives the Bank’s continued success.”
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 sixteen offices in Marin, San
Francisco and Sonoma counties. 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 21st anniversary in 2011, 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
Sandy Pfaff, 415-459-8800
sandy@pfaffpr.com