Experienced Teams Produce Record Results
The record results Bank of Marin delivered in the third quarter of 2018 – net income was up over 10 percent from the previous quarter to $8.7 million – are a testament to the discipline of our retail and commercial bankers, who work hard every day to exceed our customers’ expectations. We are able to deliver such strong performance because we stay true to our relationship banking model, consistent underwriting and diligent portfolio management. These disciplined fundamentals lead to quality organic loan and deposit growth, pristine credit quality, and the ability to leverage acquisitions into greater market share.
We continue to develop our teams and optimize our position in each unique market as part of our organic growth strategy. Our third quarter results reflect the outstanding value of our franchise, which in turn gives us the ability to attract and grow top talent.
In September, we continued expanding our presence in the East Bay by naming Wim-Kees van Hout Regional Manager for Walnut Creek. Wim-Kees will build a team of commercial bankers in the Diablo Valley, which will allow Bank of Marin to expand in this attractive market.
We also strengthened our ongoing commitment to Sonoma County by naming David Casassa Regional Manager for the Santa Rosa market. This reenergized team will continue to grow and build relationships with local commercial businesses.
As we head into Q4 with this expert team of bankers serving customers across our footprint, we are focused on finishing the year strong and laying the groundwork for a successful 2019.