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Bank Of Marin Bancorp Announces Increase In Cash Dividend

The following excerpt is from the company's SEC filing.

Increase follows third quarter earnings of $4.8 Millio

NOVATO, CA, October 19, 2015 - Bank of Marin Bancorp, "Bancorp" (NASDAQ: BMRC), parent company of Bank of Marin, announced that on October 16, 2015, its Board of Directors approved a quarterly cash dividend of $0.24 per share, a $0.02 increase from the prior quarter. The cash dividend is payable to shareholders of record at the close of business on October 30, 2015 and will be payable on November 6, 2015.

“The increase in our dividend this quarter reflects our continued strong performance and our optimism for the future of the Bank,” said Russel l A. Colombo, President and Chief Executive Officer. “We are pleased to share our success with the shareholders of Bank of Marin.”

About Bank of Marin Bancorp

Bank of Marin is a leading business and community bank in the San Francisco Bay Area, with assets of $1.9 billion. Founded in 1989 and headquartered in Novato, Bank of Marin is the sole 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...