NOVATO, Calif. - Bank of Marin Bancorp (NASDAQ:BMRC) and its wholly owned subsidiary, Bank of Marin, announced the upcoming retirement of board member Robert Heller, effective May 13, 2024. Heller has been a part of the boards since 2005 and has contributed to the bank's growth and stability over nearly two decades.
During his tenure at the bank, Heller has been actively involved in various committees, including the Asset/Liability, Audit, Compensation, and Nominating & Governance committees. From 2008 until 2021, he also chaired the Wealth Management & Trust committee. His experience and leadership have been especially noted during challenging times, such as the banking crises in 2008 and 2023.
Heller's background includes serving as an economics professor, a member of the Board of Governors of the Federal Reserve System, and a corporate executive. His professional journey and academic achievements, which include a bachelor's degree from Parsons (NYSE:PSN) College, a master's degree from the University of Minnesota, and a doctorate from the University of California, Berkeley, have brought a distinctive perspective to the bank's board.
Willie McDevitt, Chair of Bank of Marin Bancorp, expressed gratitude for Heller's service and leadership, which has been instrumental in guiding the bank through periods of economic turmoil and growth.
Bank of Marin, founded in 1990 and headquartered in Novato, California, has grown to become a significant community bank in Northern California, boasting assets of $3.8 billion as of December 31, 2023. The bank operates 27 retail branches and eight commercial banking offices across 10 counties, offering a range of commercial banking, personal banking, and wealth management services.
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