Bank of Marin Bancorp in Novato, Calif., will have a new CEO in November.
The $4 billion-asset company said in a press release Friday that Tim Myers, its president and chief operating officer, will succeed Russell Colombo, who is retiring on Oct. 31. Myers will also join the company’s board.
Colombo has been CEO for 15 years. Myers joined Bank of Marin in 2007.
The company announced two years ago that it had hired a search firm to find a successor for Columbo. It disclosed in July 2020 that Columbo “had committed to remaining on the job as long as needed.”