Bailout Bank Bio: Bank of Marin Bancorp

Dec 12, 2008 | 2 min read | Print Article

Update

The company recently announced that it had re-purchased its preferred stock from the Treasury Department. Bank of Marin paid $28 million to reclaim the stock. Updated 6-5-2009

Bank of Marin logo Bank of Marin Bancorp, formerly Bank of Marin, is a bank holding company. The Company’s business is conducted through its sole subsidiary, the Bank of Marin, which operates through 11 branch offices in Marin and southern Sonoma counties, north of San Francisco, California. The company is headquartered in Novato, California. As part of the Treasury Department’s Capital Purchase Program, Bank of Marin Bancorp received $28 million in exchange for senior preferred shares and warrants to purchase common stock. On March 31, 2009, the bank repurchased all of the $28 million worth of shares from Treasury.

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Bailout Bank Bio: Bank of Marin Bancorp


Federal Equity Investment	$28 million
Total Revenue	$67.56 million (2007)
Net Income	$12.32 million (2007)
Number of Employees	190
Corporate Headquarters	Novato, California
Business Sector	Financial
Officers and Directors	Joel Sklar M.D., Chairman of the Board Russell A. Colombo, President, Chief Executive Officer, Director Nancy Rinaldi Boatright, Senior Vice President Christina J. Cook, Executive Vice President, Chief Financial Officer
Corporate Website	http://www.bankofmarin.com
Executive Compensation	Bank of Marin Bancorp