California-based Bank of Marin Bancorp names chairman

The board of Novato, Calif.-based Bank of Marin Bancorp, parent company of Bank of Marin, named William McDevitt chairman of the company and the bank, effective after the close of the annual meeting May 10.

McDevitt will succeed Brian Sobel, who has been chairman since 2015. Sobel will remain on the boards of Bank of Marin Bancorp and Bank of Marin.

McDevitt has been a director since 2007 and was elected vice chairman in 2015.