On July 1, 2007 a bank holding company reorganization was completed whereby Bank of Marin Bancorp became the parent holding company for Bank of Marin, which was incorporated in August 1989 and opened for business in January 1990. On the date of the reorganization, each outstanding share of Bank of Marin common stock was converted into one share of Bank of Marin Bancorp common stock and Bank of Marin became a wholly-owned subsidiary of the holding company. Bank of Marin Bancorp assumed the ticker symbol BMRC, which was formerly used by Bank of Marin. Virtually all of the Bancorp's business is conducted through its sole subsidiary, Bank of Marin.
Source
