Bank of Marin Bancorp (NASDAQ:BMRC) has declared a quarterly cash dividend of $0.15 per share. The company will pay the dividend to shareholders of record as of the close of business on may 3, 2010. The dividend will be payable on May 14, 2010.
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Bank of Marin has released the financial results for the first quarter of 2010. The financial results showed earnings of $2.9 million, down from $3.2 million in earnings reported for the year ago period. The Bank reported total loans of $920.4 million, compared to loans of $921.5 reported for the previous year.
Bank of Marin Bancorp (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 13 branch offices in Marin and southern Sonoma counties, north of San Francisco, California. It also has a commercial loan production office in San Francisco. The Bank's business banking focuses on small to medium sized businesses, professionals and not-for-profit organizations.
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