Appoints Treasurer Dave Bonaccorso as
Successor
Bank of Marin Bancorp (Nasdaq: BMRC) and its wholly owned
subsidiary Bank of Marin, today announced that Executive Vice
President, Chief Financial Officer, and Principal Accounting
Officer Tani Girton will retire effective January 31, 2025,
following a planned transition period. Dave Bonaccorso, age 49, who
currently serves as the Bank’s treasurer, has been named her
successor. Bonaccorso will assume the chief financial officer and
principal accounting officer roles on January 2, 2025, continuing
to work closely with Girton to ensure a smooth transition.
“On behalf of the board of directors, our leadership team, and
all our colleagues, I want to thank Tani for her leadership and
dedication to the financial health, stability, and growth of our
Bank over the past 11 years. She built a Finance, Audit,
Compliance, and Treasury team that is positioned for success at
scale. We wish her the very best in her retirement and all her
future endeavors,” said Tim Myers, president and CEO, Bank of
Marin. “As treasurer, Dave has worked closely with Tani and we are
excited to welcome him to his new role as CFO and principal
accounting officer, and to the executive leadership team. Dave has
a deep commitment to our mission. His knowledge and understanding
of our Bank along with his business acumen and strategic focus will
be instrumental in building upon Tani’s legacy and helping us
navigate future opportunities and challenges.”
Bonaccorso—who has nearly 30 years of experience in the
financial services sector—joined Bank of Marin as treasurer in
August 2023. Previously, he was the treasurer of Rabobank, N.A. and
Mechanics Bank from January 2018 to September 2023, which had total
assets approaching $20 billion. Additional disclosure of any
changes to Bonaccorso's compensation related to his new roles will
be provided if and when such changes are finalized.
Earlier in his career, Bonaccorso provided fixed income and
equity markets advisory services to more than 200 west coast
community banks while employed at Wells Fargo Securities, Keefe,
Bruyette & Woods, FIG Partners, and Hoefer & Arnett. He
earned bachelor’s degrees in business administration and philosophy
from University of Southern California and a master’s degree in
accountancy from University of Illinois as well as the Chartered
Financial Analyst® designation. A Bay Area native, Bonaccorso is a
volunteer with Kentfield School District and Kentfield Futbol Club
and lives with his family in Marin County.
“I’m thrilled to serve the Bank and our stakeholders in this new
capacity,” said Bonaccorso. “I look forward to working with our
entire leadership team and talented staff as we continue to deliver
growth, operational excellence, and shareholder returns in the
future.”
Additionally, the Bank has enhanced its risk management and
oversight functions. In May 2024, David Merck was named director of
Audit, Compliance, and Risk, a newly created role centered on risk
and regulatory compliance. Upon Girton’s retirement, he will report
directly to Myers. Merck joined the Bank in 2015 as accounting
policy manager and was subsequently promoted to roles of increasing
responsibility including financial reporting manager, controller
and principal accounting officer.
Girton concluded, “It has been an honor to be a part of the Bank
of Marin leadership team and to serve our customers, communities,
and investors for more than a decade. I am incredibly proud of the
collaborative culture we have built. I believe this has contributed
to our success in capitalizing on new opportunities and navigating
external challenges over the years. In combination with the Bank’s
commitment to customer service, operational excellence and diligent
risk management practices, I believe our strong culture positions
the Bank for continued growth and success in the years ahead.”
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 with assets of $3.8
billion, Bank of Marin provides commercial and personal banking,
specialty lending, and wealth management and trust services
throughout its network of 27 branches and eight commercial banking
offices located across Northern California. 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 San Francisco Business
Times since 2003, was inducted into NorthBay Biz’s “Best of” Hall
of Fame in 2024 and ranked top 10 in Sacramento Business Journal’s
Corporate Direct Giving List for philanthropic efforts in 2023.
Bank of Marin Bancorp is included in the Russell 2000 Small-Cap
Index and Nasdaq ABA Community Bank Index. For more information,
visit www.bankofmarin.com.
Forward-Looking Statements
This release may contain certain forward-looking statements that
are based on management's current expectations regarding economic,
legislative, and regulatory issues that may impact Bancorp's
earnings in future periods. Forward-looking statements can be
identified by the fact that they do not relate strictly to
historical or current facts. They often include the words
“believe,” “expect,” “intend,” “estimate” or words of similar
meaning, or future or conditional verbs such as “will,” “would,”
“should,” “could” or “may.” Factors that could cause future results
to vary materially from current management expectations include,
but are not limited to, general economic conditions and the
economic uncertainty in the United States and abroad, including
economic or other disruptions to financial markets caused by acts
of terrorism, war or other conflicts, impacts from inflation,
supply chain disruptions, changes in interest rates (including the
actions taken by the Federal Reserve to control inflation),
California's unemployment rate, deposit flows, real estate values,
and expected future cash flows on loans and securities; the impact
of adverse developments at other banks, including bank failures,
that impact general sentiment regarding the stability and liquidity
of banks; costs or effects of acquisitions; competition; changes in
accounting principles, policies or guidelines; changes in
legislation or regulation; natural disasters (such as wildfires and
earthquakes in our area); adverse weather conditions; interruptions
of utility service in our markets for sustained periods; and other
economic, competitive, governmental, regulatory and technological
factors (including external fraud and cybersecurity threats)
affecting our operations, pricing, products and services; and
successful integration of acquisitions. These and other important
factors are detailed in various securities law filings made
periodically by Bancorp, copies of which are available from Bancorp
without charge. Bancorp undertakes no obligation to release
publicly the result of any revisions to these forward-looking
statements that may be made to reflect events or circumstances
after the date of this press release or to reflect the occurrence
of unanticipated events.
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version on businesswire.com: https://www.businesswire.com/news/home/20241206481714/en/
MEDIA CONTACT: Yahaira Garcia-Perea Marketing & Corporate
Communications Manager 916-823-7214 |
YahairaGarcia-Perea@bankofmarin.com
Grafico Azioni Bank of Marin Bancorp (NASDAQ:BMRC)
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Da Nov 2024 a Dic 2024
Grafico Azioni Bank of Marin Bancorp (NASDAQ:BMRC)
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Da Dic 2023 a Dic 2024
