Profile: Bank of Marin Bancorp (BMRC.O)

Bank of Marin Bancorp is a bank holding company. The Company’s business is conducted through its subsidiary, the Bank of Marin (the Bank). The Bank operates through 12 branch offices in Marin and southern Sonoma counties, north of San Francisco, California. It also has a loan production office in San Francisco. The Bank's business banking focus is on small to medium sized businesses, professionals and not-for-profit organizations. In March 2008, it introduced a new deposit product, Certificate of Deposit Account Registry Service (CDARS). CDARS is a network through, which it offers federal deposit insurance corporation (FDIC) insurance coverage. The Bank also offers remote deposit capture and direct deposit of payroll, social security and pension checks.

Loans

The Bank offers a range of commercial and retail lending programs, including commercial loans and lines of credit, construction financing, consumer loans, and home equity lines of credit. It also offers a Visa credit card combined with the rewards program to its customers, as well as a Business Visa program for business and professional customers. The Bank also offers cash management sweep to business clients through a third party vendor.

Deposits

The Bank offers a range of checking and savings accounts, and a number of time deposit alternatives, including interest-bearing and non-interest bearing personal and business checking accounts, and time certificates of deposit. A valet deposit pick-up service is available to the Bank's professional and business clients. Automatic teller machines (ATM's) are available at each branch location and at the Marin Airporter terminal in Larkspur. In January 2009, the Bank began offering free access to a network of nation-wide ATM’s called MoneyPass. It also offers its depositors around the clock access to their accounts by telephone and through internet banking products available to personal and business account holders.

The Bank attracts deposit relationships from individuals, merchants, small-to-medium sized businesses, not-for-profit organizations and professionals who live and/or work in the communities comprising its market areas. Approximately 89% of the Bank’s deposits are from Marin and southern Sonoma counties, and approximately 63% of the Bank's deposits are from businesses and 37% are from individuals.

Wealth Management Services

The Bank offers Wealth Management Services, which include investment portfolio management, financial planning, trust administration, estate settlement and custody services. The Bank also offers 401(k) plan services to small and medium businesses through a third-party vendor.