August 19, 2008
Contact: Padi Selwyn, Senior Vice President and Director of Marketing & Public Relations, (707) 524-3106
Bank names Reinking CEO; Schrader becomes President
Exchange Bank announced today that Chairman C. William Reinking will step back into active management as CEO following the resignation of J. Barrie Graham.
Reinking has been with the bank for 44 years and was President and CEO for 17 years prior to Graham’s appointment. He will retain the position of Chairman in addition to that of CEO. Additionally, the Board has appointed William Schrader, the current Chief Operating Officer, as President. Schrader has been with the bank for 30 years and was previously their Senior Lending Officer.
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March 13, 2008
Contact: Padi Selwyn, Senior Vice President and Director of Marketing & Public Relations
Exchange Bank receives Business Environmental Alliance Best Practices Award
Exchange Bank has received the Business Environmental Alliance Best Practices Award, in recognition of voluntarily adopting environmentally sound business practices.
The Bank was nominated by PG&E for their efforts to reduce energy consumption. Partnering with PG&E and the Small Business Energy Alliance (SBEA) to retrofit Bank offices and buildings with energy efficient lighting, the bank was able to reduce 148,726 lbs. of carbon dioxide emissions. The savings are the equivalent of removing 15 passenger cars from the roads for a year or saving 7,683 gallons of gasoline a year.
Exchange Bank has joined PG&E’s Critical Peak Pricing Program. During peak energy demand, the Bank will reduce power usage and conserve energy. In 2006, Exchange Bank installed solar panels on its Dutton branch and followed with the installation of panels on its College branch in 2008. The Bank has also partnered with the Sonoma County Water Agency and the Santa Rosa Water Agency to audit and monitor its water usage.
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February 29, 2008
Padi Selwyn, Senior Vice President
Dan Libarle Named to Exchange Bank Board
Long–time Petaluma native, business and community leader, Dan Libarle, has been elected to the Board of Directors of Exchange Bank.
The former chairman and founder of the Bank of Petaluma, Libarle is president of Lace House Linen, a 95 year old Petaluma family business. Libarle served on the Board of Directors of Greater Bay Bank, following the acquisition of Bank of Petaluma.
According to Exchange Bank Chairman of the Board, C. William Reinking, “We are proud to welcome Dan Libarle to our board. He brings a wealth of experience and knowledge of the community with him. We have grown substantially in the south county and look forward to serving more of that market with new board representation by Dan Libarle.”
Past president of the Petaluma Rotary Club, Petaluma Golf and Country Club, Petaluma Boys and Girls Club, Sonoma County Trail Blazers, Western Textiles Association and board member of Hanna Center, Sonoma State Foundation, Petaluma Chamber of Commerce; the Petaluma leader formerly served on the Petaluma City Planning Commission for many years.
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September 20, 2007
Contact: Padi Selwyn, Senior Vice President and Director of Marketing & Public Relations
Exchange Bank is Going Green
Exchange Bank is now in the process of installing a solar panel system on the roof of our College Office located at the corner of Mendocino Avenue and Steele Lane. The 36.9 Kilowatt Solar Power System will eliminate more than 886 tons of carbon dioxide, nitrogen oxide and sulfur dioxide per year from the atmosphere — the prime causes of global warming, acid rain and smog. This system is designed to offset all of the electrical usage for this branch.
Total cost of this project after California Solar Initiative Incentive Rebate and tax credits is $175,000 and the Bank expects to save approximately $10,000 per year on the electric bill. With the energy savings combined with depreciation and tax benefits, the project will pay for itself in 7 years.
Exchange Bank owns many of its own buildings and over time expects to convert all of them to solar. The Dutton office has been using its own solar system for over a year and is estimated to have saved $8,000 in annual electric bills.
Exchange Bank is also in the process of retrofitting the existing lighting in all of its facilities with energy efficient fluorescent lighting and electronic ballasts. The Small Business Energy Alliance conducted an energy audit that estimates upon completion of this retrofit, the Bank will reduce usage by 225,286 kWh annually, which equals 6,052 gallons of gasoline.
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