Experienced business executive and active board member replaces
Dr. Joel Sklar
NOVATO, Calif.--(BUSINESS WIRE)--
The Board of Directors of Bank of Marin Bancorp (NASDAQ: BMRC), parent
company of Bank of Marin (collectively, the “Bank”), has appointed
Stuart Lum to become Chairman of its two Boards of Directors
(collectively, the “Board”), effective January 1, 2014. Lum has served
as a Director for 14 years and is currently a member of the Executive
Committee, the Assets and Liabilities Committee, and he chairs the Audit
Committee. Lum replaces Dr. Joel Sklar, who is a founding Bank Board
member and has been the Chairman since 2007. Dr. Sklar will remain as a
Director.
Lum brings nearly 30 years of business and management experience to the
Bank Board, which now has 12 active members. Currently President of
EdgewoodCare, Inc., a 108-bed assisted living facility in Roseville, CA,
Lum is also the owner and founder of Edgewood Pacific, an equity
investment company with holdings in Hawaii and California. In addition
to his role with Bank of Marin, Lum serves on the compensation committee
for Marin Academy, where he was formerly a trustee. He also served as a
trustee for the San Domenico School from 1998 to 2004, and as a trustee
of the Stanford Club of Marin from 2008 to 2012, the last year as its
Chairman.
Lum has received three degrees from Stanford University, including an
MBA from the Graduate School of Business, a Master of Science in health
services administration from the School of Medicine and an undergraduate
Bachelor of Arts with a major in economics. A longtime resident of
Marin, Lum and his family reside in San Rafael.
Sklar steps down after nearly seven years in the role of Chairman.
During his tenure, the Bank more than doubled in size, reaching in
excess of $1.7 billion in assets with 21 offices in five Bay Area
counties. Sklar worked with President and CEO Russell A. Colombo to
expand the Bank’s footprint into new markets, including Napa and the
East Bay, with the acquisition of Charter Oak Bank in Napa and NorCal
Community Bancorp, parent company of Bank of Alameda. The Bank also
opened offices in Santa Rosa, Greenbrae, Sonoma and San Francisco while
Sklar served as Chairman.
“It has been an honor and a privilege to have served as Chairman of an
exceptional Board of Directors,” said Dr. Sklar. “I have great
confidence in Stuart’s abilities to help lead the Board as the Bank
enters into the next phase of growth and success.”
Sklar is currently the Chief Medical Officer at Marin General Hospital
and the Board Chair of Marin Medical Practice Concepts, in addition to
being a cardiologist with Cardiovascular Associates of Marin and San
Francisco.
“We are fortunate to have such a strong Board of Directors with many
talented leaders like Joel and Stuart who have significant business
management and Board experience. They both understand and value our
unique community bank culture and the importance of relationships in how
we do business,” said Russell A. Colombo, President and Chief Executive
Officer. “Stuart has been very engaged in all significant areas of the
Board, and brings a keen eye for details as well as a strategic mindset
which will serve the Bank and our shareholders well as we move forward.”
About Bank of Marin
Bank of Marin, as the sole subsidiary of Bank of Marin Bancorp (NASDAQ:
BMRC), is the premier community and business bank in Marin County now
with 21 offices in Marin, San Francisco, Napa, Sonoma and Alameda
counties. Bank of Marin offers business and personal banking, private
banking and wealth management services, with a strong focus on
supporting local businesses in the community. Incorporated in 1989, Bank
of Marin has received the highest five star rating from Bauer Financial
for more than fourteen years (www.bauerfinancial.com)
and has been recognized for several years as one of the "Best Places to
Work in the North Bay" by the North Bay Business Journal and one of the
“Top Corporate Philanthropists” by the San Francisco Business Times.
With assets in excess of $1.7 billion, Bank of Marin Bancorp is included
in the Russell 2000 Small-Cap Index and has been recognized as a Top 200
Community Bank for the past five years by US Banker Magazine. For more
information, go to www.bankofmarin.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20131217006608/en/
Pfaff PR for Bank of Marin
Sandy Pfaff, 415-819-7447
sandy@pfaffpr.com
Source: Bank of Marin