Articles from Exchange Bank

Exchange Bank (OTC: EXSR) is pleased to announce the appointment of Bahar Ozgur as Vice President and Commercial Relationship Manager. In this role, Ozgur will focus on strengthening relationships with commercial lending customers while aligning branch and commercial banking efforts to support the Bank’s strategic growth in the North Bay and San Francisco.

Exchange Bank (OTC: EXSR) announced the appointment of Holly Hawkins as Senior Vice President and Chief Human Resources Officer, will be responsible for developing and executing human capital strategy in support of the Bank’s overall business plan, the strategic direction of the Bank and the ongoing trends in the industry.

On February 19, 2025, the Exchange Bank Board of Directors declared a quarterly cash dividend of $1.30 per share on common stock outstanding to shareholders of record at the close of business on March 7, 2025. The dividend will be paid on March 21, 2025.

Exchange Bank (OTC: EXSR) announced the appointment of Suzanne Knowlton as vice president and director of marketing and community relations, responsible for all marketing, communications and community relations activities in support of the Bank’s strategic priorities.

Exchange Bank (OTC: EXSR) today announced its unaudited financial results for the fourth quarter and year ending 2024, reporting net income after taxes of $8.8 million in the fourth quarter of 2024 and $23.85 million for the year ended 2024.

On November 19, 2024, the Exchange Bank Board of Directors declared a quarterly cash dividend of $1.30 per share on common stock outstanding to shareholders of record at the close of business on November 29, 2024. The dividend will be paid on December 13, 2024.

Exchange Bank (OTC: EXSR) today announced its unaudited financial results for the third quarter 2024, reporting net income after taxes of $4.9 million.

On August 20, 2024, the Exchange Bank Board of Directors declared a quarterly cash dividend of $1.30 per share on common stock outstanding to shareholders of record at the close of business on September 6, 2024. The dividend will be paid on September 20, 2024.

Exchange Bank (OTC: EXSR) today announced its unaudited financial results for the second quarter 2024, reporting net income after taxes of $5.2 million.

On May 17, 2024, the Exchange Bank Board of Directors declared a quarterly cash dividend of $1.30 per share on common stock outstanding to shareholders of record at the close of business on June 7, 2024. The dividend will be paid on June 21, 2024.

Exchange Bank (OTC: EXSR) today announced its unaudited financial results for the first quarter 2024, reporting net income after taxes of $4.9 million.

Exchange Bank (OTC: EXSR) is pleased to announce the addition of Vice President, Personal Trust Officer Evie Crittenden to their Trust and Investment Management team in Los Altos. Evie will play a key role in the expansion of Exchange Bank’s trust footprint in the Silicon Valley market.

Exchange Bank (OTC: EXSR) announces Kevin Bender as senior vice president and chief banking officer, reporting to Troy Sanderson, president and chief executive officer. Kevin assumes responsibility for leading the Retail Banking team, Deposit and Lending Operations and Electronic Banking. His primary focus will be further enhancing Exchange Bank’s commitment to providing a fully integrated customer-centric community banking experience.

On February 21, 2024, the Exchange Bank (OTC: EXSR) Board of Directors declared a quarterly cash dividend of $1.30 per share on common stock outstanding to shareholders of record at the close of business on March 8, 2024. The dividend will be paid on March 22, 2024.

Exchange Bank (OTC: EXSR) announces the promotion of Jessica Hidalgo from branch manager to regional sales manager of Exchange Bank’s north region. In her new role, Jessica will support the branch managers and their teams with financial growth goals, community involvement, team development and customer service.

Exchange Bank (OTC: EXSR) is pleased to announce the appointment of four employees to Sonoma County-based nonprofit boards. Supporting the community is the cornerstone of Exchange Bank’s mission, and employees donate thousands of hours a year in support of local charities and nonprofit organizations.

Exchange Bank (OTC: EXSR) is pleased to announce Dorothy Rodella as vice president and branch manager supporting the Sebastopol office at 840 Gravenstein Hwy. N., Sebastopol, CA.

Exchange Bank (OTC: EXSR) today announced its unaudited financial results for the fourth quarter and year ending 2023, reporting net income after taxes of $6.77 million in the fourth quarter of 2023 and $20.19 million for the year ended 2023.

On November 14, 2023, the Exchange Bank Board of Directors declared a quarterly cash dividend of $1.30 per share on common stock outstanding to shareholders of record at the close of business on November 24, 2023. The dividend was paid December 8, 2023.

Exchange Bank (OTC: EXSR) has collaborated with the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) and its AHEAD Economic Development Grant Program to provide $70,000 in funding to Dry Creek Rancheria Band of Pomo Indians to promote indigenous self-sufficiency.

Exchange Bank (OTC: EXSR) announces the promotion of Kelly Back to vice president, commercial relationship manager, moving from his previous role as Sebastopol branch manager. In his new role, Kelly will focus on establishing and deepening relationships with commercial lending and commercial real estate customers as well as aligning retail branch and commercial banking activities.

Exchange Bank (OTC: EXSR) today announced its unaudited financial results for the third quarter of 2023, reporting net income after taxes of $6.34 million, compared with $10.07 million for the same quarter of 2022, a decrease of 36.99% mainly due to the increased costs of deposits and interest expense related to borrowings.

Exchange Bank (OTC: EXSR) is pleased to announce AJ Vazquez as vice president and branch manager supporting the St. Francis office at 136 Calistoga Road, Santa Rosa, CA. AJ will report to Thomas Sands, vice president, regional sales manager.

Exchange Bank (OTC: EXSR) is honored to announce that it was named a top corporate philanthropist in the San Francisco Business Times’ annual Top 100 Corporate Philanthropy Companies list. The rankings recognize the financial contributions of corporate citizens in the Bay Area. This was Exchange Bank’s second year in a row to be honored for its contributions to local nonprofits.

Exchange Bank (OTC: EXSR) today announced results for the second quarter of 2023, reporting a net loss after taxes of $2.14 million. The net loss is after a one-time charge of $9.10 million, net of taxes, related to the voluntary termination of the Exchange Bank Pension Plan (the “Plan”). Excluding this one-time charge, recurring net earnings from the operations of Exchange Bank for the second quarter of 2023 were $6.96 million as compared with net earnings of $9.52 million for the same quarter of 2022.

Exchange Bank (OTC: EXSR) welcomes Debbie Campas, VP, personal trust officer, reporting to Emily Menjou, VP, trust fiduciary manager. Debbie will be based at their new Trust & Investment Management Office in Marin working with Bill Ryan, VP, investment officer, managing customer relationships and developing the Bank’s presence in that market.

Exchange Bank (OTC: EXSR) announces the expansion of Paul Yeomans’ role from SVP, wholesale banking sales manager to SVP, senior lending officer, combining the Commercial Banking and Construction and Mortgage Lending departments into a single commercial lending origination force under his executive leadership. This includes Exchange Bank’s Roseville Commercial team and SBA loan production.

Exchange Bank (OTC: EXSR) welcomes Charlotte Radmilovic, senior vice president and chief financial officer, reporting to Troy Sanderson, president and chief executive officer. Charlotte will work closely with all areas of the Bank, overseeing all financial activities and initiatives.

Exchange Bank (OTC: EXSR) announces the transition of EVP and Chief Financial Officer Shari DeMaris to a new role as EVP, chief operating officer. Still reporting to Troy Sanderson, president and chief executive officer, DeMaris will manage the daily business operations of the Bank, working closely with department heads to implement company strategies and oversee daily operations.

On May 16, 2023, the Exchange Bank Board of Directors declared a quarterly cash dividend of $1.30 per share on common stock outstanding to shareholders of record at the close of business on June 2, 2023. The dividend is payable on June 16, 2023. The cash dividend is unchanged from the prior quarter.

Exchange Bank (OTC: EXSR) today announced results for the first quarter of 2023, reporting net income after taxes of $9.22 million, compared with $8.26 million for the same quarter of 2022, an increase of 11.57%.

On February 22, 2023, the Exchange Bank Board of Directors declared a quarterly cash dividend of $1.30 per share on common stock outstanding to shareholders of record at the close of business on March 6, 2023. The dividend is March 17, 2023. The cash dividend increased $0.05 from the prior quarter’s dividend of $1.25 per share.

Exchange Bank (OTC: EXSR) is pleased to announce the appointment of four employees to Sonoma County-based nonprofit boards. Supporting the community is the cornerstone of Exchange Bank’s culture, and employees donate thousands of hours a year in support of local charities and nonprofit organizations.

Exchange Bank (OTC: EXSR) announces the expansion of their Trust and Investment Management services into Marin County. Their new office will be located near the Marin Civic Center at 3950 Civic Center Drive in San Rafael and will open this summer. Exchange Bank has been offering full-service Trust and Investment Management services for 60 years in Sonoma County and has one of the largest community bank trust departments in California with over $1 billion in assets under administration.

Exchange Bank (OTC: EXSR) today announced results for the fourth quarter and year ending 2022, reporting net income after taxes of $9.64 million in the fourth quarter of 2022, compared with $9.85 million for the same quarter of 2021, a decrease of 2.16%. The Bank achieved net income for the year of $37.48 million, compared to $36.41 million in 2021, an increase of 2.94%.

Exchange Bank (OTC: EXSR) is pleased to announce Cameron Belvedere as vice president and branch manager supporting the Santa Rosa Coddingtown branch located at 1300 Guerneville Rd., Santa Rosa, CA. Cameron will report to Dorothy Rodella, vice president, regional sales manager.

Exchange Bank (OTC: EXSR) is pleased to announce that Emily Menjou, personal trust fiduciary manager at Exchange Bank, is a recipient of the ABA Under 40 Wealth Management Award presented by the American Banking Association. The award recognizes wealth management and fiduciary professionals who are committed to the highest standards of achievement at work and in their communities. Emily was one of 15 winners from across the country.

Exchange Bank (OTC: EXSR) and Redwood Empire Food Bank are pleased to announce the results of the first ever Food BANKing campaign. Seven local financial institutions participated in the challenge to donate the most money, food and volunteer time. Exchange Bank is honored to have won first place in helping Redwood Empire Food Bank in its mission to end hunger in our community. As the lead contributor, Exchange Bank donated $25,000, collected 1,888 pounds of food, and employees volunteered 155 hours sorting and packing food. In total, the Food BANKing campaign generated almost $47,000 in donations, over 5,600 pounds of food, and 750 volunteer hours.

On November 15, 2022, the Exchange Bank Board of Directors declared a quarterly cash dividend of $1.25 per share on common stock outstanding to shareholders of record at the close of business on November 25, 2022. The dividend is payable December 9, 2022. The cash dividend is unchanged from the prior quarter’s dividend of $1.25 per share.

Exchange Bank (OTC: EXSR) today announced results for the third quarter of 2022, reporting net income after taxes of $10.07 million, compared with $9.85 million for the same quarter of 2021, an increase of 2.23%. The increase in earnings in the third quarter of 2022 can be attributed to increases in net interest income of $2.0 million and a one-time life insurance benefit of $800,000.

Exchange Bank (OTC: EXSR) is pleased to announce the appointment of four employees to Santa Rosa based nonprofit boards. Supporting the community is the cornerstone of Exchange Bank’s culture, and employees donate thousands of hours a year in support of local charities and nonprofit organizations.

On August 16, 2022, the Exchange Bank of Board of Directors declared a quarterly cash dividend of $1.25 per share on common stock outstanding to shareholders of record at the close of business on September 2, 2022. The dividend is payable September 16, 2022. The cash dividend increased $0.05 from the prior quarter’s dividend of $1.20 per share.

Exchange Bank (OTC: EXSR) welcomes Stacey Powers, VP, commercial relationship manager, to Exchange Bank’s Commercial Banking team reporting to Steve Herron, SVP, commercial banking manager. Stacey brings over 35 years of experience in the banking industry to her role at Exchange Bank, where her primary focus will be to drive new relationship growth throughout the North Bay and Sacramento County regions.

Exchange Bank (OTC: EXSR) was named by the San Francisco Business Times as a Top Corporate Philanthropist in the Bay Area based on the percentage of cash contributions relative to the company’s income before taxes. Exchange Bank placed #52 on the top 100 list, having contributed well over the threshold of 1% to local nonprofits in 2021.

Fifth paragraph, first sentence of release shoud read: Total assets increased to $3.45 billion as of June 30, 2022 up from $3.43 billion. (instead of: Total assets increased to $3.45 billion as of June 30, 2022 up from $3.43 million.)

Exchange Bank (OTC: EXSR) announces the appointment of Bill Ryan as vice president and senior investment officer responsible for Investment Management in the South Bay, Sacramento and Sonoma County markets.

On May 17, 2022, the Exchange Bank Board of Directors declared a quarterly cash dividend of $1.20 per share on common stock outstanding to shareholders of record at the close of business on June 3, 2022. The dividend is payable June 17, 2022. The cash dividend is unchanged from the prior quarter’s dividend of $1.20 per share.

Exchange Bank (OTC: EXSR) today announced results for the first quarter of 2022, reporting net income after taxes of $8.26 million, compared with $8.49 million for the same quarter of 2021, a decrease of 2.77%. The decrease in earnings in the first quarter of 2022 can be attributed to declines in net interest income and increases in non-interest expenses.

On February 15, 2022, the Exchange Bank (OTC: EXSR) Board of Directors declared a quarterly cash dividend of $1.20 per share on common stock outstanding to shareholders of record at the close of business on March 4, 2022. The dividend is payable March 18, 2022. The cash dividend is unchanged from the prior quarter’s dividend of $1.20 per share.

Exchange Bank (OTC: EXSR) today announced results for the fourth quarter and year ending 2021, reporting net income after taxes of $9.85 million in the fourth quarter of 2021, compared with $9.24 million for the same quarter in 2020, an increase of 6.60%. The Bank achieved net income for the year ended December 31, 2021 of $36.41 million.

Exchange Bank (OTC: EXSR) announces the promotion of Rick Mossi, senior vice president, Retail Banking, responsible for overseeing Exchange Bank’s branch network, its telephone customer care center and business services sales team.

Exchange Bank (OTC: EXSR) announces the promotion of Ann Lobdell Hudson to a newly formed role as senior vice president and chief administrative officer, reporting to Troy Sanderson, president and CEO. She will be responsible for managing internal operation areas of the bank, including bank operations, central services, electronic banking, card services, merchant services, facilities and purchasing and the loan service center. Previously senior vice president of retail banking, Ann has played a critical role in enhancing the customer experience and leading bank-wide initiatives.

Exchange Bank (OTC: EXSR) announces Howard Daulton and Keith Woods as members of the Bank’s newly formed advisory board, both of whom bring extensive experience in business and local leadership. “We are delighted to have these two well-respected community leaders lay the foundation for our advisory board,” said Troy Sanderson, president and CEO, Exchange Bank. “They will focus on growing awareness of the Bank’s products and services, nurture new business relationships and advise the board of directors and executive management on emerging business trends in the community.”

Exchange Bank (OTC: EXSR) announced the appointment of Fabia Butler as vice president and director of marketing and community relations, responsible for all marketing, communications and community relations activities in support of the Bank’s strategic priorities.

On November 16, 2021, the Exchange Bank Board of Directors declared a quarterly cash dividend of $1.20 per share on common stock outstanding to shareholders of record at the close of business on November 26, 2021. The dividend is payable December 10, 2021. The cash dividend is unchanged from the prior quarter’s dividend of $1.20 per share.

Exchange Bank (OTC: EXSR) today announced the appointment of Tom Duryea as executive vice president and chief banking officer, reporting to Troy Sanderson, president and CEO. He will be responsible for contributing to the strategic direction of the bank with a focus on the customer facing areas including Retail, Wholesale Lending, Residential and Consumer Lending and Product Innovation and Delivery.

Exchange Bank (OTC: EXSR) today announced results for the third quarter of 2021, reporting net income after taxes of $9.85 million, compared with $7.98 million for the same quarter in 2020, an increase of 23.43%.

Exchange Bank (OTC: EXSR) is pleased to announce Eric McHenry as the newest member of Exchange Bank’s Board of Directors, effective October 1, 2021. As chief information officer and director of the Information Technology Department for the City of Santa Rosa, Mr. McHenry brings with him extensive experience in both technology and business leadership.

Exchange Bank (OTC: EXSR) today announces that Mary Leonard-Wilson, SVP, senior credit officer has been promoted to Exchange Bank’s Executive Committee as SVP, chief credit officer, reporting directly to Troy Sanderson, president and CEO. Mary has over 20 years of community banking and executive experience, and has been fulfilling this role on an interim basis since May of this year.

On August 17, 2021, the Exchange Bank Board of Directors declared a quarterly cash dividend of $1.20 per share on common stock outstanding to shareholders of record at the close of business on September 3, 2021. The dividend is payable September 17, 2021. The cash dividend is unchanged from the prior quarter’s dividend of $1.20 per share.

Exchange Bank (OTC: EXSR) today announced results for the second quarter of 2021, reporting net income after taxes of $8.22 million, compared with $7.85 million for the same quarter in 2020, an increase of 4.71%.

Exchange Bank (OTC: EXSR) announces Thomas Sands as vice president, regional sales manager, responsible for overseeing Exchange Bank’s southern region.

On May 18, 2021, the Exchange Bank Board of Directors declared a quarterly cash dividend of $1.20 per share on common stock outstanding to shareholders of record at the close of business on June 4, 2021. The dividend is payable June 18, 2021. The cash dividend is unchanged from the prior quarter’s dividend of $1.20 per share.

Exchange Bank (OTC: EXSR) announces Brian Rober to Exchange Bank as senior vice president and chief information officer. In his role as head of Technical Services, Brian sets objectives and strategies for the IT department, selects and implements technology solutions to streamline internal operations and helps design and customize technological systems and platforms to improve customer experience.

Exchange Bank (OTC: EXSR) today announced results for the first quarter of 2021, reporting net income after taxes of $8.49 million, compared with $8.63 million for the same quarter in 2020, a decrease of 1.60%. The decrease in earnings in the first quarter of 2021 can be directly attributed to declines in net interest income, non-interest income and the resumption of provisioning for loan losses.