NOVATO - Bank of Marin Bancorp announced that its board of directors declared an increased quarterly cash dividend of $0.15 per share, up from $0.14 in the second quarter.
Bancorp achieved record earnings of $3.6 million in the third quarter. The cash dividend is payable on Nov. 13, 2009 to shareholders of record at the close of business on Nov. 2, 2009.
“Bank of Marin Bancorp is pleased to reward our shareholders with an increased cash dividend and continue our track record of offering a dividend for 18 consecutive quarters,” said President and Chief Executive Officer Russell Colombo. “We continue to focus on the fundamentals of conservative, prudent banking and are proud to deliver on the promises we make to our shareholders, our customers and the communities we serve.”