Bank of Marin Bancorp (Nasdaq:BMRC) President and CEO Russell A. Colombo announced earlier today that on Friday, October 17, 2008, the Board of Directors of Bank of Marin Bancorp declared a cash dividend of $0.14 per share. The cash dividend is payable on November 14, 2008 to shareholders of record at the close of business on November 3, 2008. This is the fourteenth consecutive quarterly cash dividend declared by the Board.
"We are pleased to continue our dividend in this turbulent economy. Our conservative and consistent approach to managing the Bank is paying off with consistent results and our shareholders are rewarded with this return. We are confident about the future and look forward to the opportunities that lie ahead in 2009," 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.