Mr. Colombo: Bank of Marin was founded in January of 1990, so we just celebrated our 20th anniversary. We are a $1.1 billion bank with 13 branches, a loan production office in San Francisco. And of those 13 branches, 10 are in Marin County and three are in Sonoma County, which is just north of Marin. Historically, we have been a community bank serving the needs of the community, which really means focusing on small businesses and consumers within our market.
TWST: Would you tell us about the area you serve? I gather it's a fairly wealthy region.
Mr. Colombo: Yes, each year the numbers change, but Marin County is probably in the top 10 counties per capita income in the country. Marin County has a per capita and a median household income that are twice the national and state average. Currently, we have about a 7.8% unemployment rate compared to the state, which has over 12%. So we do have more wealth. While there is not a lot of industry to speak of in terms of manufacturing here in Marin or in Sonoma County, there is diversification and an overall good mix of businesses within our market.
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