Website: N/A
Stock Symbol: NASDAQ: BMRC
Market Value: N/A (in millions)
On July 1, 2007 (the “Effective Date”), a bank holding company reorganization
was completed whereby Bank of Marin Bancorp became the parent holding company
for Bank of Marin (the “Bank”), its sole subsidiary. Upon formation of the
holding company, Bancorp became subject to regulation under the Bank Holding
Company Act of 1956, as amended, which subjects Bancorp to Federal Reserve Board
reporting and examination requirements. Bank of Marin was incorporated in August
1989, received its charter from the California Superintendent of Banks (now the
California Department of Financial Institutions) and commenced operations in
January 1990. The Bank is an insured bank under the Federal Deposit Insurance
Act.
Virtually all of Bancorp’s business is conducted through its sole subsidiary,
the Bank of Marin. The Bank operates through eleven branch offices in Marin and
southern Sonoma counties, north of San Francisco, California.