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Bank Of Marin Bancorp
Bank Of Marin Bancorp

Financial services / Community banking and financial services

At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview

Bank of Marin Bancorp, also known as BOMN, is a bank holding company headquartered in Novato, California. It is the parent company of Bank of Marin, a community bank with branches throughout Marin, Sonoma, Napa, and San Francisco counties in California.
Founded in 1990, Bank of Marin offers a range of banking and financial services to businesses, individuals, and nonprofit organizations. These services include business and personal checking and savings accounts, loans, lines of credit, online and mobile banking, trust and wealth management, and merchant services.
The company has a strong focus on serving its local communities and has been recognized as one of the "Best Places to Work in the North Bay" by North Bay Business Journal for multiple years. Bank of Marin also has a strong commitment to sustainability and philanthropy, supporting various community organizations and initiatives.
Bank of Marin Bancorp is publicly traded on the NASDAQ stock exchange under the ticker symbol BOMN. As of 2020, it had total assets of approximately $2.3 billion and employs over 300 people. The current President and CEO of the company is Russell Colombo.

What is special about the company?

1. Community Focus: Bank of Marin Bancorp places a strong emphasis on serving the local community, with a focus on providing convenient and personalized banking services to customers in the areas it operates in.
2. Long History: The company has been in operation for over 30 years, starting off as a small community bank in Marin County, California, and expanding to other areas in the San Francisco Bay Area.
3. Financial Stability: Bank of Marin Bancorp has consistently maintained strong financials, making it a reliable and stable financial institution for customers and investors. It has consistently recorded solid earnings and has a strong balance sheet.
4. Customer Satisfaction: The company has a solid reputation for providing excellent customer service, with a high level of customer satisfaction and loyalty.
5. Strategic Acquisitions: Bank of Marin Bancorp has strategically acquired several banks and financial institutions over the years, expanding its reach and strengthening its position in the market.
6. Diverse Products and Services: The company offers a wide range of banking products and services, catering to the needs of individuals, small businesses, and commercial clients.
7. Commitment to Sustainability: Bank of Marin Bancorp is committed to sustainability and social responsibility, incorporating ESG (Environmental, Social, and Governance) principles in its business practices.
8. Strong Leadership: The company is led by an experienced and dedicated executive team with a track record of success in the banking industry.
9. Industry Recognition: Bank of Marin Bancorp has been recognized by numerous industry publications for its financial performance and customer service, including being named one of the top 200 community banks in the nation by American Banker in 2020.
10. Technology Innovation: The company continuously invests in technology to improve its banking services and stay competitive in the market. It was one of the first community banks in the nation to offer mobile banking services to its customers.

What the company's business model?

The Bank of Marin Bancorp company's business model is focused on providing a wide range of financial services to individuals, businesses, and communities in the San Francisco Bay Area. This includes traditional banking services such as deposit accounts, loans, and credit cards, as well as wealth management, trust and investment services. The company also offers specialized services for specific industries such as wine, cannabis, and non-profit organizations. Additionally, Bank of Marin Bancorp has a commitment to community involvement and supports various local organizations and initiatives. The company aims to build long-term relationships with its customers and provide exceptional customer service.

Interesting facts about the company

1. Bank of Marin Bancorp is a publicly traded bank holding company that operates Bank of Marin, a community bank founded in 1990 and headquartered in Novato, California.
2. The bank has a long history dating back to the founding of the Bank of Belvedere in 1990, which later merged with the Bank of Ross in 1910 to become the Bank of Marin.
3. Bank of Marin Bancorp went public in 2007 and is traded on the NASDAQ stock exchange under the ticker symbol BMRC.
4. As of 2021, Bank of Marin Bancorp has over $2.7 billion in assets and serves communities in Marin, Sonoma, and Napa counties in California.
5. In addition to traditional banking services, Bank of Marin offers commercial and consumer lending, trust and wealth management, and online and mobile banking.
6. Bank of Marin Bancorp has been recognized as a top performing bank by several industry publications, including American Banker, Forbes, and The Independent Community Bankers of America.
7. The bank is known for its strong commitment to community involvement and has received numerous awards for its contributions and support of local organizations.
8. In 2020, Bank of Marin Bancorp was named one of the Best Banks to Work For by American Banker magazine, ranking #8 on the nationwide list.
9. The bank is committed to sustainability and has implemented eco-friendly practices such as solar panel installations, energy-efficient building designs, and paperless banking services.
10. Bank of Marin Bancorp is dedicated to providing excellent customer service and has been recognized as a top rated bank by both consumers and small businesses.

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