Bank of Marin Bancorp Announces Increase in Cash Dividend
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NOVATO, Calif.--(Business Wire)--Bank of Marin Bancorp (NASDQ: BMRC) President and CEO Russell A. Colombo announced earlier today that on Friday, January 18, 2008, the Board of Directors of Bank of Marin Bancorp declared a cash dividend of $0.14 per share, up from $0.13 per share in the three previous quarters. The cash dividend is payable on February 29, 2008 to shareholders of record at the close of business on February 15, 2008. This is the eleventh consecutive quarterly cash dividend declared by the Board. "We are pleased to provide our shareholders an improved return on their investment by increasing the per share dividend. We feel very confident about the Company's future," said Russell Colombo. This release may contain certain forward-looking statements that are based on management's current expectations regarding economic, legislative, and regulatory issues that may impact the Bank's earnings in future periods. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "intend," "estimate" or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could" or "may." Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, real estate values, and competition; changes in accounting principles, policies or guidelines; changes in legislation or regulation; and other economic, competitive, governmental, regulatory and technological factors affecting the Bank's operations, pricing, products and services. These and other important factors are detailed in various Federal Deposit Insurance Corporation filings made periodically by the Bank, copies of which are available from the Bank without charge. The Bank undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events. for Bank of Marin Bancorp Pam Hamilton, 415-381-8198 pam@hamiltoninkpr.com Copyright Business Wire 2008
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