Bank of Marin Bancorp in Novato, Calif., has regained its footing with deposits.
The $4.1 billion-asset company shared in a presentation that it added $14.5 million of deposits between March 31 and May 10. That was a 0.4% increase from the end of the first quarter.
The traction is notable because Bank of Marin’s deposits decreased by $323 million, or 9%, during the first quarter. That included $204 million of outflow between March 10 and March 31.