Bank of Marin Bancorp Announces Retirement of Robert Heller from Board of Directors

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Bank of Marin Bancorp (BMRC) announces the retirement of Robert Heller from its board of directors after nearly 20 years of service. Heller's leadership and expertise have been instrumental in the Bank's growth and success, with assets increasing five-fold while maintaining excellent credit quality and consistent dividends to shareholders.

NOVATO, Calif.--(BUSINESS WIRE)-- Bank of Marin Bancorp (NASDAQ: BMRC) and Bank of Marin, its wholly owned subsidiary, announce the retirement of Robert Heller from its board of directors effective May 13, 2024. Heller joined both Bank of Marin Bancorp and Bank of Marin boards in 2005.

“It has been a great pleasure to serve on the boards of Bank of Marin and Bank of Marin Bancorp, the preeminent community banking institution of northern California, for the last two decades. During this time, the Bank grew its assets five-fold while maintaining a pristine credit quality and paying consistent dividends to its shareholders,” said Heller. “The Bank showed by its strength and resilience the true value that a local community bank brings to the local economy.”

During his nearly 20-year tenure, Heller invested his time and expertise as a member of the board’s Asset/Liability, Audit, Compensation, and Nominating & Governance committees, and served as chair of the Wealth Management & Trust committee from 2008 until 2021.

“Bob’s leadership and professional experience as an economics professor, member of the Board of Governors of the Federal Reserve System, and a corporate executive brought a unique perspective that provided us sage and sound guidance during the banking crises in 2008 and 2023, and every year in between,” said Willie McDevitt, Chair, Bank of Marin Bancorp. “We are honored to have had Bob’s leadership and friendship during the Bank’s growth over the past 19 years. We wish him well in his retirement and thank him for his years of service.”

Born in Cologne, Germany, Heller earned his bachelor's degree from Parsons College, a master’s degree from University of Minnesota, and his doctorate from University of California, Berkeley. He has served on boards of various business and civic organizations—including chairman of Marin General Hospital—and has authored seven books and hundreds of articles on economics, finance, and business.

About Bank of Marin Bancorp

Founded in 1990 and headquartered in Novato, Bank of Marin is the wholly owned subsidiary of Bank of Marin Bancorp (Nasdaq: BMRC). A leading business and community bank in Northern California, with assets of $3.8 billion as of December 31, 2023. Bank of Marin has 27 retail branches and eight commercial banking offices located across 10 counties. Bank of Marin provides commercial banking, personal banking, and wealth management and trust services. Specializing in providing legendary service to its customers and investing in its local communities, Bank of Marin has consistently been ranked one of the “Top Corporate Philanthropists" by the San Francisco Business Times and one of the “Best Places to Work” by the North Bay Business Journal. Bank of Marin Bancorp is included in the Russell 2000 Small-Cap Index and Nasdaq ABA Community Bank Index. For more information, go to www.bankofmarin.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240228155946/en/

Yahaira Garcia-Perea

Marketing & Corporate Communications Manager

916-823-7214 | YahairaGarcia-Perea@bankofmarin.com

Source: Bank of Marin Bancorp

FAQ

When is Robert Heller retiring from Bank of Marin Bancorp's board of directors?

Robert Heller is retiring from Bank of Marin Bancorp's board of directors effective May 13, 2024.

How long has Robert Heller served on the boards of Bank of Marin Bancorp and Bank of Marin?

Robert Heller has served on the boards of Bank of Marin Bancorp and Bank of Marin since 2005.

What committees did Robert Heller serve on during his tenure?

During his tenure, Robert Heller served on the Asset/Liability, Audit, Compensation, and Nominating & Governance committees, and was chair of the Wealth Management & Trust committee from 2008 until 2021.

Where was Robert Heller born and what are his educational qualifications?

Robert Heller was born in Cologne, Germany, and earned his bachelor's degree from Parsons College, a master’s degree from University of Minnesota, and his doctorate from University of California, Berkeley.

What notable positions has Robert Heller held in the past?

Robert Heller has served as an economics professor, member of the Board of Governors of the Federal Reserve System, and a corporate executive. He has also been chairman of Marin General Hospital.