Company Profile
- Bank of Marin Bancorp (NASDAQ: BMRC) (“the company”) is a $3.7 billion-asset BHC headquartered in Novato, California. Founded in 1989, the lead operating subsidiary, Bank of Marin (“the bank”), operates 27 branch locations and 7 LPOs in the Bay Area and Sacramento region.
- The growth strategy has historically focused on opportunistic, in-footprint M&A to strengthen its Bay Area presence. However, the 2021 acquisition of American River Bank (~$900 million in assets), marked a meaningful geographic expansion into the Sacramento market. This broadened footprint provides a balance between the higher-cost Bay Area and the lower-cost, business-friendly environment of the Sacramento region, which has experienced notable population and business growth in recent years. More recently, talent additions in footprint – supported by opportunities from the regional bank failures in footprint – have enhanced BMRC’s ability to attract experienced bankers and new…