Bank of Marin was incorporated in August 1989, received its charter from the
California Superintendent of Banks (now the California Department of Business
Oversight or "DBO") and commenced operations in January 1990. The
Bank is an insured bank under the Federal Deposit Insurance Corporation (“FDIC”).
On July 1, 2007 (the “Effective Date”), a bank holding company reorganization
was completed whereby Bank of Marin Bancorp (“Bancorp”) became the
parent holding company for the Bank, the sole and wholly-owned subsidiary of
Bancorp. On the Effective Date, each outstanding share of Bank of Marin common
stock was converted into one share of Bank of Marin Bancorp common stock. Bancorp
is listed at NASDAQ under the ticker symbol BMRC, which was formerly used by
the Bank. Prior to the Effective Date, the Bank filed reports and proxy statements
with the FDIC pursuant to Section 12 of the 1934 Act.
Virtually all of our business is conducted through Bancorps subsidiary, Bank
of Marin, which is headquartered in Novato, California. In addition to our headquarters
office, we operate through twenty offices in Marin, Sonoma, San Francisco, Napa
and Alameda counties, with a strong emphasis on supporting the local communities.
Our customer base is made up of business and personal banking relationships
from the communities near the branch office locations. Our business banking
focus is on small to medium-sized businesses, professionals and not-for-profit
organizations.
We offer a broad range of commercial and retail deposit and lending programs
designed to meet the needs of our target markets. Our lending categories include
commercial real estate loans, commercial and industrial loans, construction
financing, consumer loans, and home equity lines of credit. Merchant card services
are available for our business customers. Through third party vendors, we offer
a proprietary Visa® credit card product combined with a rewards program
to our customers, a Business Visa® program, a leasing program for commercial
equipment financing, and cash management sweep services.
We offer a variety of personal and business checking and savings accounts,
and a number of time deposit alternatives, including time certificates of deposit,
Individual Retirement Accounts (“IRAs”), Health Savings Accounts,
Certificate of Deposit Account Registry Service® ("CDARS") and
Insured Cash Sweep® ("ICS") accounts. CDARS and ICS are part of
a network through which we offer full FDIC insurance coverage in excess of the
regulatory maximum by placing deposits in multiple banks participating in the
network. We also offer mobile banking, remote deposit capture, Automated Clearing
House services (“ACH”), fraud prevention services including Positive
Pay for Checks, ACH, Apple Pay®, peer-to-peer funds transfer, and image
lockbox services. A valet deposit pick-up service is available to our professional
and business clients.
Automated teller machines (“ATMs”) are available at each retail
branch location. Our ATM network is linked to the PLUS, CIRRUS and NYCE networks,
as well as to a network of nation-wide surcharge-free ATMs called MoneyPass.
We also offer our depositors 24-hour access to their accounts by telephone and
through our internet banking products available to personal and business account
holders.
We offer Wealth Management and Trust Services (“WMTS”) which include
customized investment portfolio management, trust administration, estate settlement,
custody services, and advice on charitable giving. We also offer 401(k) plan
services to small and medium-sized businesses through a third party vendor.
We make international banking services available to our customers indirectly
through other financial institutions with whom we have correspondent banking
relationships.
We hold no patents, licenses (other than licenses required by the appropriate
banking regulatory agencies), franchises or concessions. The Bank has registered
the service marks "The Spirit of Marin", the words “Bank of
Marin”, the Bank of Marin logo, and the Bank of Marin tagline “Committed
to your business and our community” with the United States Patent &
Trademark Office. In addition, Bancorp has registered the service marks for
the words “Bank of Marin Bancorp” and for the Bank of Marin Bancorp
logo with the United States Patent & Trademark Office.