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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549 


FORM 8-K


CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) April 1, 2021

Bank of Marin Bancorp
(Exact name of Registrant as specified in its charter)
California  
 001-33572 20-8859754
(State or other jurisdiction of incorporation)     (Commission File Number) (IRS Employer Identification No.)
504 Redwood Blvd., Suite 100, Novato, CA 
94947
(Address of principal executive office) (Zip Code)

Registrant’s telephone number, including area code:  (415) 763-4520

Not Applicable
(Former name or former address, if changes since last report)
Check the appropriate box below if the Form 8-K filing is to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c)) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to 12(b) of the Act:
Title of each class Trading Symbol Name of each exchange on which registered
Common stock, no par value and attached Share Purchase Rights BMRC The Nasdaq Stock Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐ 





Section 5 - Corporate Governance and Management

Item 5.02     Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(d) Appointment of Director

On April 1, 2021 Bank of Marin Bancorp (Nasdaq: BMRC), parent company of Bank of Marin, announced that Secil Tabli Watson was appointed as a new director of both the holding company and bank boards effective April 1, 2021.


The Press Release announcing the appointment of Secil Tabli Watson is attached as Exhibit 99.1 and incorporated herein by reference.


Section 9 - Financial Statements and Exhibits


Item 9.01    Financial Statements and Exhibits

(d)    Exhibits.
Exhibit No.
Description    
99.1





SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: April 1, 2021 BANK OF MARIN BANCORP
By: /s/ Tani Girton
Tani Girton
Executive Vice President
and Chief Financial Officer




Exhibit 99.1
BANKOFMARINBANCORPLOGOA301.JPG
MEDIA CONTACT:
Beth Drummey
Marketing & Corporate Communications Manager
Bank of Marin
415-763-4529 | bethdrummey@bankofmarin.com

SECIL TABLI WATSON JOINS BANK OF MARIN BOARDS OF DIRECTORS
Brings a strong track record of digital banking innovation

NOVATO, CA – (April 1, 2021) — The Board of Directors of Bank of Marin Bancorp (Nasdaq: BMRC), parent company of Bank of Marin, (collectively, the “Company”), today announced the appointment of Secil Tabli Watson to the holding company and bank Boards of Directors (collectively, the “Board”), effective April 1, 2021. Ms. Watson brings 27 years of experience in early start-up, large corporate, and management consulting environments. Her banking and financial technology expertise includes such key areas as digital customer experience, innovations in payments and cyber-fraud, and digital transformation. She was most recently an Executive Vice President and Head of Digital Solutions for Business at Wells Fargo. During her 18-year tenure, she transformed the bank digitally and managed key online channels. Ms. Watson is a lecturer on open banking and platforms, and she has won numerous awards for innovations in banking, including Digital Banker of the Year by American Banker (2016).

“I am pleased to welcome Secil to our Board,” said Brian Sobel, Board Chairman. “Her extensive experience in digital banking and management consulting, as well as her commitment to Diversity, Equity and Inclusion programs and practices, will play a vital role as we continue to move our organization forward.”

Ms. Watson holds an MBA in Finance from The Wharton School, University of Pennsylvania, and a BA in Economics and Government/International Relations from Cornell University. A member of the Conservation Society of California and Oakland Zoo board from 2014-2020, her roles included vice chair and co-chair. She also chaired their education and succession planning committees and participated in their recent CEO search. Ms. Watson is currently on the Strategic Advisory Board of private equity firm FTV Capital. During her tenure at Wells Fargo, she was Executive Advisor to their Women’s Team Member Network and a member of the Enterprise Diversity Council.

“Given the Bank’s significant investment in our digital banking platform in recent years, Secil’s experience in that field will be invaluable,” said Russell A. Colombo, President and CEO. “We are excited to add her fresh, innovative perspective to our Board.”

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 the San Francisco Bay Area, with assets of $2.9 billion as of December 31, 2020, Bank of Marin has 21 branches and 7 commercial banking offices located across 7 Bay Area counties. Bank of Marin provides commercial banking, personal banking, specialty lending 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.