Community Corner
Novato Bank Sees Earnings Soar: Report
Bank of Marin reported total assets at the end of 2021 valued at $4.31 billion, The North Bay Business Journal reports.
NOVATO, CA — Explosive fourth quarter earnings helped a Novato bank’s valuation grow nearly 50 percent, The North Bay Business Journal reports.
Bank of Marin reported $9.71 million in fourth quarter revenue, bringing its 2021 total to $33.22 million, according to the report.
The bank reported total assets at the end of 2021 valued at $4.31 billion, an approximately 48 percent increase from the previous year, the report said.
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“The pandemic put a lot of liquidity in the market,” Bank of Marin CEO Tim Myers told the outlet.
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