With Our Latest Acquisition, The Future is Bright
On April 19, 2021, Bank of Marin announced the acquisition of American River Bank, headquartered in Rancho Cordova, CA, just outside of Sacramento. The merger will bring together two exceptional institutions that share complementary values and disciplined fundamentals, which will allow us to expand our franchise on a regional scale.
American River has 10 full-service branches in Sacramento, Amador, Sonoma, and Placer counties, with a focus on excellent customer service, relationship banking and community commitment.
There are several factors that make this expansion into the Greater Sacramento and Amador regions appealing: the recent migration there by people looking for a more affordable lifestyle; ample existing office space and new development activity in Sacramento’s Downtown and Midtown areas; and proximity to the educated young professionals coming out of nearby UC Davis, Sacramento State University, and University of the Pacific.
The Bank now has the opportunity to grow assets, acquire talent, expand our footprint, and build infrastructure across a diversified geography. In our 31-year history, we have built one of the industry’s best banking franchises and we remain dedicated to the business model that got us here. I am proud of the disciplined approach that has propelled Bank of Marin to continued growth and new opportunities. We look forward to more success in the year ahead.