Bank of Marin Bancorp Announces Increase in Cash Dividend.NOVATO, Calif. -- Bank of Marin Bancorp (NASDQ: BMRC BMRC Biomedical Research Council BMRC Bureau of Meteorology Research Centre BMRC British Medical Research Council BMRC Bangladesh Medical Research Council BMRC Behavioral Medicine Research Center BMRC Buffalo Materials Research Center ) President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Russell A. Colombo announced earlier today that on Friday, January 18, 2008, the Board of Directors of Bank of Marin Bancorp declared a cash dividend of $0.14 per share, up from $0.13 per share in the three previous quarters. The cash dividend is payable on February 29, 2008 to shareholders of record at the close of business on February 15, 2008. This is the eleventh In music or music theory an eleventh is the note eleven scale degrees from the root of a chord and also the interval between the root and the eleventh. Since there are only seven degrees in a diatonic scale the eleventh degree is the same as the subdominant and the interval consecutive quarterly cash dividend declared by the Board. "We are pleased to provide our shareholders an improved return on their investment by increasing the per share dividend. We feel very confident about the Company's future," said Russell Colombo. This release may contain certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. ; 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 Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. 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 CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or after the date of this press release or to reflect the occurrence of unanticipated events. |
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