Bank of Marin Announces Strategic Balance Sheet Repositioning to Enhance Future Earnings
Bank of Marin, the wholly owned subsidiary of Bank of Marin Bancorp (Nasdaq: BMRC), announced today that it sold a book value of $186 million of available-for-sale (AFS) securities to strategically reposition its balance sheet to enhance future earnings, drive earnings per share growth, and increase return on equity.
Russell A. Colombo Announces Retirement as Chief Executive Officer; Bank of Marin Names Tim Myers President and CEO
Russell A. Colombo, Chief Executive Officer of Bank of Marin and Bank of Marin Bancorp, has formally announced his retirement, effective October 31, 2021. The Board of Directors of Bank of Marin Bancorp (“Bancorp”) (Nasdaq: BMRC), parent company of Bank of Marin (the “Bank”), named Tim Myers, age 51, currently President and Chief Operating Officer as his successor. Tim Myers will assume the role of CEO on November 1, 2021. Mr. Colombo will remain on the Boards of Bancorp and the Bank; Mr. Myers will join both Boards.
Bank of Marin Announces Retirement of Executive Vice President Beth Reizman; Names Misako Stewart Executive Vice President, Chief Credit Officer
Bank of Marin today announced the retirement of Beth Reizman, Executive Vice President, Chief Credit Officer. Ms. Reizman, age 62, will retire on January 3, 2022. In the interim, on September 30, 2021, Ms. Reizman will step down from her role as Chief Credit Officer and remain on staff at Bank of Marin to facilitate a smooth transition of duties to her successor.
