A Blueprint for Growth
Bank of Marin’s Q1 earnings announcement showed we delivered another quarter of excellent financial results. Organic growth continues to play a principal role in delivering strong returns and remains a key part of our strategy. We’re seeing great progress from the investments we made in 2017. The team that has grown out of our acquisition of Bank of Napa is already making an impact in that market, and our East Bay commercial banking office continues to exceed expectations. As we now turn our focus to Sonoma County, there is a clear blueprint in place to increase our production there.
Along with the growth across our footprint, we also continue to gain market share thanks to our successful relationship-banking model. By providing a stable, low-cost deposit base, especially in this rising interest rate environment, we continue to distinguish ourselves from many other banks.
Creating value for our shareholders remains a top priority for our Board of Directors. The recently announced decision to repurchase our common stock is an attractive investment and affirms their positive long-term outlook for the growth of our franchise.
As we look to continued success in 2018, we will achieve it as we always have – through disciplined relationship banking that delivers growth for our customers and long-term returns for our shareholders.