Recognized for Corporate Development and Finance Expertise and
Executive Leadership
NOVATO, Calif.--(BUSINESS WIRE)--
Bank of Marin Bancorp (NASDAQ:BMRC) has announced the retirement of
Stuart Lum from the Company’s Boards of Directors after 16 years of
service. Mr. Lum joined the board in 1999, and served as Chairman in
2014.
Spanning a 40-year career, Mr. Lum’s business interests have taken him
around the world. As president & CEO of investment company Edgewood
Pacific, Inc., he is engaged in mortgage lending, real estate and
business development in Hawaii and California. Prior to that he was vice
president and founder of Veracast Communications, an internet
communications company, and director of a Hong Kong-based company
involved in the financing and development of infrastructure projects in
China and southeast Asia.
Since joining the Board, Mr. Lum has been a member of the Bank’s
Asset/Liability Management Committee, serving as Chair of the Committee
from 2001 to 2005. He became a member of the Audit Committee in 2003,
holding the chairmanship from 2005 to 2014. He also served as a member
of the Executive, Nominating and Governance Committees since 2009, and
has served as Chair of the Executive Committee since 2014.
Born in Stockton, Mr. 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. He has been a resident of Marin County since 1990, serving as
a trustee of the Stanford Club of Marin, and is active in many other
community affairs.
“Stuart served the Bank of Marin with distinction, bringing his business
acumen and leadership to the organization both as a Director and
Chairman of the Board,” said Brian Sobel, Chairman of the Board. “Stuart
will be greatly missed in the boardroom as he epitomizes all that is
good in the management of a company. We wish him well and thank him for
his many contributions to the Bank.”
About Bank of Marin Bancorp
Bank of Marin is a leading business and community bank in the San
Francisco Bay Area, with assets of $2 billion. Founded in 1989 and
headquartered in Novato, Bank of Marin is the wholly-owned subsidiary of
Bank of Marin Bancorp (NASDAQ:BMRC). With 20 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 NASDAQ ABA Community Bank 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160128006571/en/
Pfaff PR for Bank of Marin
Sandy Pfaff, 415-819-7447
sandy@pfaffpr.com
Source: Bank of Marin Bancorp