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Bank of Marin Bancorp (BMRC) will raise its quarterly dividend by 7.4 percent to $0.29 per share.

The new dividend will be paid on August 11, 2017 to shareholders of record on August 4, 2017.

Bank of Marin Bancorp business banking focus is on small to medium-sized businesses, professionals and not-for-profit organizations. The Company operates offices in Marin, Sonoma, San Francisco, Napa and Alameda counties. It makes international banking services available to its customers indirectly through other financial institutions, with whom it has correspondent banking relationships. The Company offers a range of commercial and retail deposit and lending programs.