Bank of Marin Appoints New Chairman

Bank of Marin has appointed San Rafael-resident Stuart Lum as the new chairman of its two Boards of Directors, effective January 1. 

Lum has served as a director for 14 years and is currently a member of the Executive Committee, the Assets and Liabilities Committee, and chairs the Audit Committee. He Joel Sklar, who is a founding bank board member and has been the chairman since 2007. Sklar will remain as a director.

Lum brings nearly 30 years of business and management experience to the bank board. Currently, he is the president of EdgewoodCare, Inc., a 108-bed assisted living facility in Roseville. He's also the owner and founder of Edgewood Pacific, an equity investment company with holdings in Hawaii and California. 

In addition to his role with Bank of Marin, Lum serves on the compensation committee for Marin Academy, where he was formerly a trustee. He also served as a trustee for the San Domenico School from 1998 to 2004, and as a trustee of the Stanford Club of Marin from 2008 to 2012, the last year as its chairman.

Lum has received three degrees from Stanford University, including an MBA from the Graduate School of Business, a Master of Science in health services administration from the School of Medicine and an undergraduate Bachelor of Arts with a major in economics. 

“Stuart has been very engaged in all significant areas of the Board, and brings a keen eye for details as well as a strategic mindset which will serve the Bank and our shareholders well as we move forward,”  said Russell A. Colombo, president and chief executive officer of the Bank of Marin.

Sklar leaves behind an impressive seven year role as the leader of the Bank of Marin. During his tenure, the bank more than doubled in size, reaching in excess of $1.7 billion in assets with 21 offices in five Bay Area counties. Sklar also worked to expand the bank’s footprint into new markets, including Napa and the East Bay, with the acquisition of Charter Oak Bank in Napa and NorCal Community Bancorp, parent company of Bank of Alameda. 

Sklar is currently the Chief Medical Officer at Marin General Hospital and the Board Chair of Marin Medical Practice Concepts, in addition to being a cardiologist with Cardiovascular Associates of Marin and San Francisco.