Tim Myers Named President and Chief Operating Officer of Bank of Marin
May 18 2021 - 3:00PM
Business Wire
Bank of Marin Bancorp (“Bancorp”) (Nasdaq: BMRC), parent company
of Bank of Marin (the “Bank”), announced that Bancorp’s Board of
Directors approved the appointment by Russell A. Colombo, Chief
Executive Officer, of Tim Myers as President and Chief Operating
Officer of Bancorp and the Bank, effective immediately. In his new
role, Mr. Myers will continue to report to the CEO and be
responsible for the management of Commercial Banking, Retail
Banking, Centralized Operations and Technology, Wealth Management
& Trust, and Marketing.
“Tim has been an invaluable member of the management team at
Bank of Marin for many years,” said Mr. Colombo. “As COO he has
proven his ability to lead in an ever-changing environment and this
new role is a natural progression of that success. I look forward
to working even more closely with Tim to complete the merger with
American River Bankshares and move into the next phase of the
Bank’s growth plan.”
Mr. Myers has over 25 years of experience in finance and
banking, spanning small business, middle market and corporate
banking. He joined Bank of Marin in April 2007 as Senior Vice
President and Manager of the San Francisco Commercial Banking
Office. In 2013, Mr. Myers was named Senior Vice President, Head of
Commercial Banking. In March 2015, he assumed the title of
Executive Vice President, Commercial Banking. Mr. Myers was named
Executive Vice President and Chief Operating Officer in June
2020.
He began his banking career in 1998 as Assistant Loan Officer at
Imperial Bank. When Imperial Bank was acquired by Comerica Bank,
Mr. Myers became Vice President, Commercial Banking Officer. He
also served as a Vice President, Relationship Manager for U.S.
Bank, National Association before joining Bank of Marin.
Mr. Myers earned his Bachelor of Arts degree from Willamette
University and a Master’s in International Policy Studies from
Middlebury Institute of International Studies at Monterey (formerly
Monterey Institute of International Studies). He also earned a
graduate certificate from the Pacific Coast Banking School. He has
served as Chairman of the Board of Edgewood Center for Children and
Families.
“Given the tremendous impact of the Pandemic on the economy and
the business community as a whole, consistent and stable leadership
is more important than ever for the continued success of any
organization,” said Brian Sobel, Chairman of the Board. “Tim
understands and embodies the mission, culture and values that have
helped drive Bank of Marin to more than 30 years of growth and
expansion. My fellow directors and I believe that together, he and
Russ Colombo will continue to deliver strong performance and value
for key stakeholders.”
About Bank of Marin Bancorp
Founded in 1990 and headquartered in Novato, Bank of Marin is
the wholly owned subsidiary of Bank of Marin Bancorp (Nasdaq:
BMRC). A leading business and community bank in the San Francisco
Bay Area, with assets of $3.1 billion as of March 31, 2021, Bank of
Marin has 21 branches and 7 commercial banking offices located
across 7 Bay Area counties. Bank of Marin provides commercial
banking, personal banking, specialty lending and wealth management
and trust services. Specializing in providing legendary service to
its customers and investing in its local communities, Bank of Marin
has consistently been ranked one of the “Top Corporate
Philanthropists" by the San Francisco Business Times and one of the
“Best Places to Work” by the North Bay Business Journal. Bank of
Marin Bancorp is included in the Russell 2000 Small-Cap Index and
Nasdaq ABA Community Bank Index. For more information, go to
www.bankofmarin.com.
Forward-Looking Statements
Statements made in this release, other than those concerning
historical financial information, may be considered forward-looking
statements, which speak only as of the date of this release and are
based on current expectations and involve a number of assumptions.
Such forward-looking statements may contain words related to future
projections including, but not limited to, words such as “believe,”
“expect,” “anticipate,” “intend,” “may,” “will,” “should,” “could,”
“would,” and variations of those words and similar words that are
subject to risks, uncertainties and other factors that could cause
actual results to differ significantly from those projected. The
Company intends such forward-looking statements to be covered by
the safe harbor provisions for forward-looking statements contained
in the Private Securities Litigation Reform Act of 1995 and is
including this statement for purposes of these safe harbor
provisions. The Company’s ability to predict results, or the actual
effect of future plans or strategies, is inherently uncertain.
Factors which could have a material effect on the operations and
future prospects of the Company, include but are not limited to:
(1) the businesses of Company and American River Bankshares in the
pending acquisition (“Acquisition”) may not be integrated
successfully or such integration may be more difficult,
time-consuming or costly than expected; (2) expected revenue
synergies and cost savings from the Acquisition may not be fully
realized or realized within the expected time frame; (3) revenues
following the Acquisition may be lower than expected; (4) customer
and employee relationships and business operations may be disrupted
by the Acquisition; (5) the ability to obtain required regulatory
and shareholder approvals, and the ability to complete the
Acquisition on the expected timeframe may be more difficult,
time-consuming or costly than expected; (6) changes in interest
rates, general economic conditions, legislative/regulatory changes,
monetary and fiscal policies of the U.S. government, including
policies of the U.S. Treasury and the Board of Governors of the
Federal Reserve; the quality and composition of the Company’s loan
and securities portfolios; demand for loan products; deposit flows;
competition; demand for financial services in the Company’s market
areas; its implementation of new technologies; its ability to
develop and maintain secure and reliable electronic systems; and
accounting principles, policies, and guidelines, and (7) other risk
factors detailed from time to time in filings made by the Company
with the SEC. The Company undertakes no obligation to update or
clarify these forward-looking statements, whether as a result of
new information, future events or otherwise except as required by
law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210518006053/en/
Beth Drummey Marketing & Corporate Communications Manager
Bank of Marin 415-763-4529 | bethdrummey@bankofmarin.com
Bank of Marin Bancorp (NASDAQ:BMRC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Bank of Marin Bancorp (NASDAQ:BMRC)
Historical Stock Chart
From Apr 2023 to Apr 2024