Bank of Marin Bancorp (NASDAQ:BMRC), parent company of Bank of Marin (collectively, the “Company”), will ring The NASDAQ Stock Market Closing Bell on August 1. The Company is celebrating a strong second quarter with record earnings of $5 million and has announced an increase in their dividend to $.18 per share. The Company has paid a dividend for 28 straight quarters.
“We are honored to be invited to ring the closing bell at NASDAQ,” said Russell A. Colombo, President and Chief Executive Officer at Bank of Marin. “This will be a special event for our organization. Our employees, customers and shareholders all play a big part in making us the successful community and business bank that we are today.”
Bank of Marin opened its doors in 1990 with two branch offices in Marin, and has since grown to 17 branches across Marin, San Francisco, Sonoma and Napa. The Company has been traded on the NASDAQ exchange since December 23, 1999. At that time, the Company started with 2,260,339 shares outstanding which has more than doubled to 5,336,927 at December 31, 2011. The stock price has also increased significantly from $12.56, the low in 2001 (adjusted for stock splits and dividends), to a high of $39.85 in 2011.
Bank of Marin has consistently been recognized for its strong financial performance with numerous awards, including being named again to the KBW Honor Roll. Bank of Marin is one of only 45 banking institutions to have made the 2011 list, just published in June 2012.
Bank of Marin will webcast the NASDAQ closing bell festivities in each of their branches starting at 12.45pm, and on their website at: www.bankofmarin.com under About Us/Press and News.
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 with 17 offices in Marin, San Francisco, Napa and Sonoma 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 twelve years (www.bauerfinancial.com) and has been recognized for several years 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. With assets exceeding $1.4 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, visit www.bankofmarin.com.