Leadership Transition at Bank of Marin Bancorp: Tani Girton Retires, Dave Bonaccorso Steps Up

Leadership Transition at Bank of Marin Bancorp Marks New Era for Financial Governance

Bank of Marin Bancorp announces a significant leadership transition as Tani Girton, the Executive Vice President, Chief Financial Officer, and Principal Accounting Officer, prepares for her retirement on January 31, 2025. Girton, who has been instrumental in the Bank's financial health over her 11-year tenure, will hand over her responsibilities to Dave Bonaccorso, the current treasurer, who takes on the role effective January 2, 2025. This planned transition is designed to ensure continuity in leadership during an essential period for the Bank, as it focuses on strengthening its financial governance and operational excellence.

Girton's contributions to the Bank are widely recognized, particularly her efforts in building a robust Finance, Audit, Compliance, and Treasury team. Under her leadership, Bank of Marin has achieved notable financial stability, which has positioned it favorably within the competitive landscape of the banking industry. Tim Myers, the Bank's president and CEO, commends Girton's dedication, emphasizing that her strategic vision has been pivotal in navigating the complexities of the financial environment and enhancing stakeholder confidence.

Bonaccorso, who joined the Bank in August 2023, brings nearly 30 years of experience from prominent financial institutions, including Rabobank, N.A. and Mechanics Bank. His academic credentials, which include dual bachelor's degrees in business administration and philosophy from the University of Southern California, a master's degree in accountancy from the University of Illinois, and the Chartered Financial Analyst® designation, reinforce his suitability for this critical role. Bonaccorso expresses enthusiasm for his new position and aims to build upon Girton's legacy while advancing the Bank's growth and operational excellence.

In addition to the leadership transition, Bank of Marin Bancorp strengthens its commitment to risk management by appointing David Merck as the director of Audit, Compliance, and Risk in May 2024. This proactive move underscores the Bank’s focus on governance and oversight, aligning with industry best practices.

As the Bank prepares for this transition, further details regarding Bonaccorso's compensation will be disclosed once finalized, signaling a thorough approach to leadership changes within the organization. The upcoming shifts in management reflect Bank of Marin's strategic vision to enhance its operational framework and ensure long-term stability in the ever-evolving financial services sector.