Bank of Marin Bancorp named one of the Bank Director Magazine’s “Nifty 50”
In the first quarter 2012 issue of Bank Director Magazine, Bank of Marin Bancorp was named to the “Nifty 50”, a ranking of the top performing banks in the U.S., based on performance and capital levels. Bank Director magazine and the New York-based investment banking firm Sandler O’Neill + Partners teamed up to rank the 484 U.S. banks traded on the NYSE, NYSE Amex and NASDAQ OMX stock exchanges on two financial metrics: core return on tangible common equity (ROTCE) and the ratio of average tangible common equity (TCE) to tangible assets. The two individual scores for all the institutions were then combined to produce a final score. The ranking was based on data from eight consecutive quarters ending June 30, 2011.
Access the complete article: “The Bank Director Nifty 50”, Jack Milligan, Bank Director Magazine, January 27, 2012.