Increase follows third quarter earnings of $4.8 Million
NOVATO, Calif.--(BUSINESS WIRE)--
Bank of Marin Bancorp, "Bancorp" (NASDAQ: BMRC), parent company of Bank
of Marin, announced that on October 16, 2015, its Board of Directors
approved a quarterly cash dividend of $0.24 per share, a $0.02 increase
from the prior quarter. The cash dividend is payable to shareholders of
record at the close of business on October 30, 2015 and will be payable
on November 6, 2015.
“The increase in our dividend this quarter reflects our continued strong
performance and our optimism for the future of the Bank,” said Russell
A. Colombo, President and Chief Executive Officer. “We are pleased to
share our success with the shareholders of Bank of Marin.”
About Bank of Marin Bancorp
Bank of Marin is a leading business and community bank in the San
Francisco Bay Area, with assets of $1.9 billion. Founded in 1989 and
headquartered in Novato, Bank of Marin is the sole subsidiary of Bank of
Marin Bancorp (NASDAQ: BMRC). With 21 offices in San Francisco, Marin,
Napa, Sonoma and Alameda counties, Bank of Marin provides business and
personal banking, commercial lending, and wealth management and trust
services. Specializing in providing legendary service to its customers
and investing in its local communities, Bank of Marin has consistently
been ranked one of the “Top Corporate Philanthropists" by the San
Francisco Business Times and one of the “Best Places to Work” by the
North Bay Business Journal. Bank of Marin Bancorp is included in the
Russell 2000 Small-Cap Index and has been recognized as a Top 200
Community Bank by US Banker Magazine for the past five years. For more
information, go to www.bankofmarin.com.
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, economic
uncertainty in the United States and abroad, changes in interest rates,
deposit flows, real estate values, costs or effects of future
acquisitions, competition, changes in accounting principles, policies or
guidelines, legislation or regulation, and other economic, competitive,
governmental, regulatory and technological factors (including external
fraud and cyber-security threats) affecting Bancorp's operations,
pricing, products and services. These and other important factors are
detailed in various securities law filings made periodically by Bancorp,
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151019005295/en/
Pfaff PR for Bank of Marin Bancorp
Sandy Pfaff, 415-819-7447
sandy@pfaffpr.com
Source: Bank of Marin Bancorp