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Stock impact report

Bank of Marin Completes Balance Sheet Repositioning Supported by $45 Million Subordinated Debt Offering

Bank of Marin Bancorp (BMRC) 
Last bank of marin bancorp earnings: 4/20 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/4164467
Company Research Source: Business Wire
Receives Investment Grade Debt Ratings From KBRA NOVATO, Calif.--(BUSINESS WIRE)--Bank of Marin Bancorp (Nasdaq: BMRC), ("the Company"), parent company of Bank of Marin, announced today the completion of a balance sheet repositioning of its held-to-maturity ("HTM") securities and a $45 million private placement of its 6.750% Fixed-to-Floating Rate Subordinated Notes due 2035 (the “Notes”).Tim Myers, president and chief executive officer of Bank of Marin, said, “The successful execution of this strategic initiative further enhances the value of our franchise by meaningfully improving our earnings power, which, in turn, allows us to continue reinvesting in the Company's growth. We took a targeted approach to securities sales, and in combination with our strong capital position, we completed this balance sheet repositioning without issuing additional shares of equity while maintaining our strong capital ratios. We believe this demonstrates our thoughtful approach and ongoing commitmen Show less Read more
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