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October 23, 2018

Contact: Carolyn Cole-Schweizer, Corporate Communications & Social Media Specialist
707.541.1250

Exchange Bank Names Michael Sullivan as Executive Vice President & Chief Credit Officer

Santa Rosa, CA – (October 23, 2018) – Exchange Bank announces that it has named Michael Sullivan to be Executive Vice President and Chief Credit Officer, reporting to President and CEO Gary Hartwick, beginning October 15, 2018. He will be responsible for ensuring the overall credit quality of the Bank’s loan portfolio, including overseeing loan generation and the development of loan policies and procedures to ensure high levels of financial performance and compliance.

“Mike’s long and distinguished career in Sonoma County gives him a deep understanding of the local market,” stated Gary Hartwick, President and CEO. “His track record of building strong credit cultures make him an excellent fit to round out our executive team.”

Mr. Sullivan has a strong and diverse knowledge of credit acquired through progressively responsible positions held at Wells Fargo Bank. Most recently, he served as a Senior Vice President in their Financial Institutions group where he led credit origination and strategies in the US, Canada and Europe. His previous roles included leadership for Wells Fargo’s Regional Commercial Banking group in Santa Rosa. Sullivan earned his MBA at the University of California, Berkeley and has served the community on various boards. He was a founding board member of the Sonoma State University Wine Business Institute and served on the board of the United Way of Sonoma, Mendocino and Lake Counties. He currently serves as a board member of Catholic Charities of the Diocese of Santa Rosa and the Sonoma State University Foundation.

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About Exchange Bank

Headquartered in Sonoma County and founded in 1890, Exchange Bank is a premier community bank with assets of $2.6 billion. Exchange Bank provides a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California. The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is a 13-time winner of the North Bay Business Journal’s Best Places to Work survey, a recipient of the 2018 North Bay Community Philanthropy Award and the 2017 Healthiest Companies in the North Bay Award. NorthBay biz magazine named Exchange Bank the 2018 Best Consumer Bank and Gold Medal Winner for Best Business Bank. The North Bay Bohemian’s “Best of 2018” Readers Poll named Exchange Bank the Best Business Bank and Best Consumer Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

Member FDIC — Equal Housing Lender — Equal Opportunity Employer

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October 23, 2018

Contact: Carolyn Cole-Schweizer, Corporate Communications & Social Media Specialist
707.541.1250

Exchange Bank Names Troy Sanderson as Executive Vice President & Chief Banking Officer

Santa Rosa, CA – (October 23, 2018) – Exchange Bank announces that it has named Troy Sanderson to be Executive Vice President and Chief Banking Officer, reporting to President and CEO Gary Hartwick, beginning October 15, 2018. He will be responsible for contributing to the strategic planning and direction of the bank, overseeing customer relationship growth, and insuring compliance with operating policies and regulatory requirements. He will lead and support Exchange Bank’s team of professionals including Retail Banking, Information Technology, Risk Management, and Strategic Initiatives/Marketing.

“Troy is a longtime resident of Sonoma County—his family has been in Petaluma for over 100 years,” said Gary Hartwick, President and CEO. “His strong knowledge of the local banking market brings leadership that will enhance our delivery of products and services. He’ll add strength to our ongoing efforts to meet our customers’ needs in an ever-changing industry.”

During his banking career, Mr. Sanderson has had the opportunity to work in loan production, credit administration, regional sales management, branch management, risk management and training. Most recently he served as the President and Chief Credit Officer of Bank of Rio Vista. A graduate of California State University, Sacramento with a degree in Business Administration, Sanderson completed the Pacific Coast Banking School, graduating with honors. He spent 10 years on the Petaluma City School Board of Education, five years as president of Petaluma National Little League, and recently served as a director in the Solano County Farm Bureau.

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About Exchange Bank

Headquartered in Sonoma County and founded in 1890, Exchange Bank is a premier community bank with assets of $2.6 billion. Exchange Bank provides a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California. The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is a 13-time winner of the North Bay Business Journal’s Best Places to Work survey, a recipient of the 2018 North Bay Community Philanthropy Award and the 2017 Healthiest Companies in the North Bay Award. NorthBay biz magazine named Exchange Bank the 2018 Best Consumer Bank and Gold Medal Winner for Best Business Bank. The North Bay Bohemian’s “Best of 2018” Readers Poll named Exchange Bank the Best Business Bank and Best Consumer Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

Member FDIC — Equal Housing Lender — Equal Opportunity Employer

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October 23, 2018

Contact: Greg Jahn, EVP, Chief Financial Officer
707.524.3218

Exchange Bank Announces Third Quarter 2018 Earnings

Santa Rosa, CA – (October 23, 2018) – Exchange Bank announces results for the third quarter of 2018 with a profit after tax of $9.53 million, compared to $6.65 million in the third quarter of 2017. This represents a 43% increase compared to the same period a year ago. The Bank experienced another quarter of steady growth in its core business as evidenced by an increase in net interest income of $3.27 million, a 16% increase for the quarter ending September 30, 2018 compared to the similar quarter in 2017.

Contributing to the positive trend in net interest income was growth in the loan portfolio of $32 million and an increase in the investment portfolio of $251 million, representing increases of 2.2% and 38.9% respectively over similar balances as of September 30, 2017. This strong growth in assets was funded by an increase in deposits totaling $345 million, an increase of 17.1% above deposit balances at September 30, 2017. Deposit growth during this period was strongly influenced by fire related insurance proceeds received by customers of the Bank. The Bank estimates that such short term insurance related deposits contributed in excess of $300 million of the Bank’s total growth.

Non-interest income for the quarter ending September 30, 2018 was consistent with the similar quarter in 2017 at approximately $5.6 million. Generally, increases in fee income generated from the Bank’s Trust and Investment Division offset declines in deposit fee income. Operating expenses increased from approximately $1 million during the third quarter of 2018 over the similar quarter in 2017 rising from $15.1 million in 2017 to $16.1 million in 2018, an increase of 7.2%. Increased operating expenses were focused on salaries and benefits which increased by approximately $460 thousand as well as increases in professional services and Bank facilities. Contributing to the increased profitability during the third quarter of 2018 was the impact of a lower federal income tax rate, which declined from 35% in 2017 to 21% in 2018. The Bank estimates that the effect of this lower income tax rate in 2018 contributed approximately $1.5 million to net income after tax during the third quarter of 2018.

During the nine months ending September 30, 2018, the Bank achieved net earnings of $29.5 million, compared to $19.8 million during the similar nine-month period in 2017, an increase of approximately $9.7 million or 49%. During the nine months ending September 30, 2018, the Bank’s net interest income increased $10.1 million over the similar nine-month period in 2017, an increase of 17.2%. Non-interest income for the nine months ended September 30, 2018 was positively influenced by gains on the sale of other real estate owned in the second quarter totaling approximately $3.25 million. Similarly, non-interest income for the nine months ended September 30, 2017 was positively influenced by a litigation settlement of $1.4 million in the second quarter of 2017, as well as gains on sale of other real estate totaling approximately $1.38 million in the first quarter of 2017. Removing the after tax impact of these nonrecurring events during both nine-month periods in 2018 and 2017 would have produced net income after tax of approximately $27.2 million in 2018, compared to $18.1 million in 2017. The Bank estimates that the effect of a decline in the Federal tax rate from 35% in 2017 to 21% during 2018 contributed approximately $4.5 million to net income after tax for the nine-month period ended September 30, 2018.

“We are very pleased to report strong earnings this quarter driven by our significant deposit growth,” stated Gary Hartwick, President and CEO. “The meaningful increases we’ve witnessed during this past year in both loan and deposit volumes are a result of the hard work and dedication of our employees, as well as the continued loyalty of our clients and support from the communities we serve.”

Exchange Bank paid a quarterly cash dividend of $0.95 per share on common stock outstanding to shareholders on September 21, 2018. 50.44% of the cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

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October 9, 2018

Contact: Carolyn Cole-Schweizer, Corporate Communications & Social Media Specialist
707.541.1250

Exchange Bank Announces the Acquisition of First Northern Bank’s Asset Management & Trust Services Division

Santa Rosa, CA – (October 09, 2018) – Exchange Bank (OTC: EXSR) today announced the signing of a purchase and sale agreement to acquire the Trust Department of First Northern Bank, based in Dixon, CA. The purchase is subject to regulatory approval by the Department of Business Oversight.

Joining Exchange Bank from First Northern Bank are Senior Vice President and Trust Manager Chris Ann Bachtel, Vice President and Senior Trust Officer Alysia Corell, and Trust Operations Administrator Kelly Lind. They have been offered positions at Exchange Bank’s Roseville office.

“We are very happy to welcome First Northern Bank’s well-respected officers to our team of experienced professionals. We believe the expansion of our Trust & Investment Department will provide significant value to our shareholders, clients and employees,” Gary Hartwick, president and CEO of Exchange Bank, said in a statement. “First Northern Bank’s shared values and highly respected team is a natural fit which increases our wealth management capabilities and ability to serve the families and businesses of the Sacramento area.”

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About Exchange Bank

Headquartered in Sonoma County and founded in 1890, Exchange Bank is a premier community bank with assets of $2.6 billion. Exchange Bank provides a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California. The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is a 13-time winner of the North Bay Business Journal’s Best Places to Work survey, a recipient of the 2018 North Bay Community Philanthropy Award and the 2017 Healthiest Companies in the North Bay Award. NorthBay biz magazine named Exchange Bank the 2018 Best Consumer Bank and Gold Medal Winner for Best Business Bank. The North Bay Bohemian’s “Best of 2018” Readers Poll named Exchange Bank the Best Business Bank and Best Consumer Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

Member FDIC — Equal Housing Lender — Equal Opportunity Employer

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August 21, 2018

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Declares Increase to Quarterly Cash Dividend – 8.21.18

Santa Rosa, CA – On August 21, 2018, Exchange Bank declared a quarterly cash dividend of $0.95 per share on common stock outstanding to shareholders of record at the close of business on September 07, 2018. The dividend is payable September 21, 2018. The cash dividend is unchanged over the prior quarter’s dividend at $.95 per share. The dividend has increased from $.85 per share during the similar quarter ending September 30, 2017, an increase of approximately 12%.

50.44% of the Bank’s cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

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Forward looking information

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

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About Exchange Bank

Headquartered in Sonoma County and founded in 1890, Exchange Bank is a premier community bank with assets of $2.6 billion. Exchange Bank provides a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California. The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is a 13-time winner of the North Bay Business Journal’s Best Places to Work survey, a recipient of the 2018 North Bay Community Philanthropy Award and the 2017 Healthiest Companies in the North Bay Award. NorthBay biz magazine named Exchange Bank the 2018 Best Consumer Bank and Gold Medal Winner for Best Business Bank. The North Bay Bohemian’s “Best of 2018” Readers Poll named Exchange Bank the Best Business Bank and Best Consumer Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

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July 20, 2018

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Announces Second Quarter Earnings – 7.20.18

Santa Rosa, CA – (July 20, 2018) – Exchange Bank (OTC: EXSR) today announced results for the second quarter of 2018 with a profit after tax of $8.87 million, compared to $6.51 million in the second quarter of 2017. This represents a 36% increase compared to the same period a year ago. The Bank continues to experience solid growth in its core business as evidenced by an increase in net interest income of $3.88 million, a 20% increase for the quarter ending June 30, 2018 compared to the similar quarter in 2017. Contributing to the positive trend in net interest income was growth in the loan portfolio of $48 million and an increase in the investment portfolio of $251 million, representing increases of 3.3% and 44.3% respectively over similar balances as of June 30, 2017. This strong growth in assets was funded by an increase in deposits totaling $362 million, an increase of 18.1% above deposit balances at June 30, 2017. Deposit growth during this period was strongly influenced by fire related insurance proceeds received by customers of the Bank. The Bank estimates that such short term insurance related deposits contributed in excess of $300 million of the Bank’s total growth.

Non-interest income declined in the second quarter of 2018 by $1.32 million compared to the similar quarter ending June 30, 2017. A comparison of second quarter non-interest income year-over-year was influenced by an unusual event in 2017 that was not replicated in 2018. During the quarter ending June 30, 2017, the Bank experienced a gain of $1.4 million relating to a litigation settlement. Contributing to the increased profitability during the first quarter of 2018, was the impact of a lower federal income tax rate, which declined from 35% in 2017 to 21% in 2018. The Bank estimates that the effect of this lower income tax rate in 2018 contributed approximately $1.4 million to net income after tax during the second quarter of 2018.

During the six months ending June 30, 2018, the Bank achieved net earnings of $19.97 million, compared to $13.15 million during the similar six month period in 2017, an increase of approximately $6.8 million or 52%. During the six-months ending June 30, 2018, the Bank’s net interest income increased $6.9 million over the similar six month period in 2017, an increase of 17.8%. Non-interest income for the six-months ended June 20, 2018 was positively influenced by gains on the sale of other real estate owned in the first quarter totaling approximately $3.25 million. Similarly, non-interest income for the six months ended June 30, 2017 was positively influenced by the aforementioned litigation settlement of $1.4 million in the second quarter of 2017 as well as gains on sale of other real estate owned totaling approximately $1.38 million in the first quarter of 2017. Removing the after tax impact of these nonrecurring events during both six month periods in 2018 and 2017 would have produced net income after tax of approximately $17.8 million in 2018, compared to $11.4 million in 2017. The Bank estimates that the effect of a decline in the Federal tax rate from 35% in 2017 to 21% during 2018 contributed approximately $3.2 million to net income after tax for the six month period ended June 30, of 2018.

“While this was another strong quarter of financial performance, as demonstrated by the increased net interest income, it is important to note that the unusual nature of the gains on the sale of other real estate owned totaling $3.25 million will not reoccur in future periods. We are very pleased with the significant improvement in financial results, and I am proud of the hard work and dedication of our employees as well as the continued loyalty of our clients and support from the communities we serve”, stated President and Chief Executive Officer, Gary Hartwick.

Exchange Bank paid a quarterly cash dividend of $0.95 per share on common stock outstanding to shareholders on June 15, 2018. 50.44% of the cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

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About Exchange Bank

Headquartered in Sonoma County and founded in 1890, Exchange Bank is a premier community bank with assets of $2.6 billion. Exchange Bank provides a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California.  The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is a 12-time winner of the North Bay Business Journal’s Best Places to Work survey, a recipient of the 2018 North Bay Community Philanthropy Award and the 2017 Healthiest Companies in the North Bay Award. NorthBay biz magazine named Exchange Bank the 2018 Best Consumer Bank and Gold Medal Winner for Best Business Bank. The North Bay Bohemian’s “Best of 2018” Readers Poll named Exchange Bank the Best Business Bank and Best Consumer Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

Member FDIC — Equal Housing Lender — Equal Opportunity Employer

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May 22, 2018

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Declares Increase to Quarterly Cash Dividend

Santa Rosa, CA – On May 22, 2018, Exchange Bank declared a quarterly cash dividend of $0.95 per share on common stock outstanding to shareholders of record at the close of business on June 1, 2018. The dividend is payable June 15th, 2018. The cash dividend is unchanged over the prior quarter’s dividend at $.95 per share. The dividend has increased from $.85 per share during the similar quarter ending June 30, 2017, an increase of approximately 12%.

50.44% of the Bank’s cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

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Forward looking information

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

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About Exchange Bank

Headquartered in Sonoma County and founded in 1890, Exchange Bank is a premier community bank with assets of $2.6 billion. Exchange Bank provides a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California. The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is a 12-time winner of the North Bay Business Journal’s Best Places to Work survey, a recipient of the 2018 North Bay Community Philanthropy Award and the 2017 Healthiest Companies in the North Bay Award. NorthBay biz magazine named Exchange Bank the 2018 Best Consumer Bank and Gold Medal Winner for Best Business Bank. The North Bay Bohemian’s “Best of 2018” Readers Poll named Exchange Bank the Best Business Bank and Best Consumer Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

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May 16, 2018

Contact: Carolyn Cole-Schweizer, Corporate Communications & Social Media
707.541.1250

Exchange Bank Announces Debbie Meekins as New Board Member

Santa Rosa, CA – (May 16, 2018) – Exchange Bank is pleased to announce Debbie Meekins as the newest member of Exchange Bank’s Board of Directors, effective June 1, 2018. Ms. Meekins brings a wealth of banking expertise and respected leadership experience in both the finance world and with non-profit organizations, having formerly served as CEO of Sonoma National Bank, Executive Vice President and Retail Banking Director of Sterling Savings Bank, and President and CEO of Poppy Bank.

“Debbie complements our very strong board and fully shares our values. She has unquestionable integrity, professionalism, naturally positive leadership skills and compassion for the community,” said Bill Schrader, Chairman of the Board.

Ms. Meekins has a long history of community service in Sonoma County. She has chaired the Santa Rosa Chamber of Commerce, United Way, Santa Rosa Memorial Hospital Foundation and the Rose Parade. She has been recognized as one of the top “25 Women to Watch” in banking by U.S. Banker Magazine and the “Best Business Community Leader in Sonoma County” in a North Bay Biz reader’s poll. She created a forum for Women in Business in Sonoma County which provided education to assist women and minority-owned businesses which spanned 10 years.

Ms. Meekins currently serves on the Board of Western Bankers Association, Santa Rosa Memorial Hospital Foundation and the Redwood Empire Food Bank.

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About Exchange Bank

Headquartered in Sonoma County and founded in 1890, Exchange Bank is a premier community bank with assets of $2.6 billion. Exchange Bank provides a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California. The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is a 12-time winner of the North Bay Business Journal’s Best Places to Work survey, a recipient of the 2018 North Bay Community Philanthropy Award and the 2017 Healthiest Companies in the North Bay Award. NorthBay biz magazine named Exchange Bank the 2018 Best Consumer Bank and Gold Medal Winner for Best Business Bank. The North Bay Bohemian’s “Best of 2018” Readers Poll named Exchange Bank the Best Business Bank and Best Consumer Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

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May 11, 2018

Contact: Carolyn Cole-Schweizer, Corporate Communications & Social Media
707.541.1250

Exchange Bank Announces Paul Yeomans as Senior Vice President, Wholesale Banking Sales Manager

Santa Rosa, CA – (May 11, 2018) – Exchange Bank announces the hiring of Paul Yeomans as Senior Vice President, Wholesale Banking Sales Manager, overseeing Commercial Banking, Construction and Mortgage Lending and Small Business Administration.

Yeomans brings to his new role over 30 years of experience in the banking and finance industry. He has an extensive experience in both commercial lending and branch banking. He specializes in business lending, credit analysis, and business planning.

Paul comes to Exchange Bank from Tri Counties Bank where he was the Regional Vice President and Manager of the North Bay Commercial Lending Group. Previously to that, he served as Vice President and Commercial Banking Manager for Umpqua Bank, and spent seven years with Sterling Savings Bank as Team Leader of the bank’s Sonoma County Commercial Banking Group. He also held the role of Regional Vice President at Westamerica Bank.

Yeomans is active in the community. He is a past chair of the Santa Rosa Junior College Foundation, a member of the Sebastopol Rotary Club and a Sonoma County Alliance member.

Paul is a graduate of American University with a degree in Economics, holds a master’s degree in business from Golden Gate University and is a graduate of Pacific Coast Banking School.

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About Exchange Bank

Headquartered in Sonoma County and founded in 1890, Exchange Bank is a premier community bank with assets of $2.6 billion. Exchange Bank provides a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California. The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is a 12-time winner of the North Bay Business Journal’s Best Places to Work survey, a recipient of the 2018 North Bay Community Philanthropy Award and the 2017 Healthiest Companies in the North Bay Award. NorthBay biz magazine named Exchange Bank the 2018 Best Consumer Bank and Gold Medal Winner for Best Business Bank. The North Bay Bohemian’s “Best of 2018” Readers Poll named Exchange Bank the Best Business Bank and Best Consumer Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

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April 25, 2018

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Announces First Quarter Earnings – 4.25.18

Santa Rosa, CA – (April 25, 2018) – Exchange Bank (OTC: EXSR) today announced results for the first quarter of 2018 with a profit after tax of $11.10 million, compared to $6.63 million in the first quarter of 2017. This represents an increase of $4.47 million or 67.3% over the same period a year ago.

The increase in earnings can be attributed to an increase in net interest income and nonrecurring earnings in the form of gains on the sale of other real estate owned (OREO). During the first quarter of 2018, the Bank successfully completed the disposition of other real estate held for sale, which contributed pretax gains of approximately $3.25 million. There was a similar gain on the sale of assets during the first quarter of 2017 totaling $1.38 million. Contributing to the increased profitability was the impact of a lower federal income tax rate which declined from 35% in 2017 to 21% in 2018. The Bank estimates that the effect of this lower income tax rate in 2018 contributed approximately $1.70 million to the net income after tax during the first quarter of 2018.

“While this was another strong quarter of financial performance, as demonstrated by the increased net interest income, it is important to note that the unusual nature of the gains on the sale of other real estate owned totaling approximately $3.25 million is not anticipated in future periods. Conversely, the positive benefit from a lower federal income tax rate will continue to add value for years to come,” said Greg Jahn, Executive Vice President and CFO.

Exclusive of the non-recurring gain on the sale of OREO, the strength in pretax earnings was driven primarily by continued growth in loans and investments fueled by the strength of an extraordinary increase in deposits, leading to an increase in net interest income of approximately $3.0 million during the first quarter of 2018, a 15.5% increase over the similar quarter in 2017. Loans grew by $91 million over the 12 months ending March 31, 2018, an increase of 6.4%, while liquid investments grew by $378 million, an increase of 57%. This increase in interest earning assets was funded primarily by growth in deposits of approximately $463 million, an increase of 23.6% over 2017. The extraordinary growth in deposits occurred during the past six months and are to a large extent related to the inflow of insurance settlements received by the Bank’s clients who suffered losses as a result of the unprecedented wildfires in the communities we serve.

Absent the gain on sale of OREO in both 2017 and 2018, the Bank’s non-interest income increased by approximately $400 thousand during the first quarter of 2018 compared to the similar quarter in 2017, and was driven by increases in gain on sale of Small Business Administration (SBA) loans, as well as income generated by the Bank’s Trust and Investment business.

“We remain committed to identifying ways in which we can support our community and colleagues after the most devastating wildfires in California history. We have developed a number of innovative and low cost loan products designed to help finance the rebuild efforts. We are grateful that our positive financial results leave us in a great position to assist the community as we move forward through rebuilding,” said Gary Hartwick, President and CEO.

Exchange Bank paid a quarterly cash dividend of $0.95 per share on common stock outstanding to shareholders on March 16, 2018. 50.44% of the cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

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FORWARD-LOOKING INFORMATION:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

# # #

About Exchange Bank

Headquartered in Sonoma County and founded in 1890, Exchange Bank is a premier community bank with assets of $2.6 billion. Exchange Bank provides a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California. The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is a 12-time winner of the North Bay Business Journal’s Best Places to Work survey, a recipient of the 2018 North Bay Community Philanthropy Award and the 2017 Healthiest Companies in the North Bay Award. NorthBay biz magazine named Exchange Bank the 2018 Best Consumer Bank and Gold Medal Winner for Best Business Bank. The North Bay Bohemian’s “Best of 2018” Readers Poll named Exchange Bank the Best Business Bank and Best Consumer Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

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April 18, 2018

Contact: Carolyn Cole-Schweizer, Corporate Communications & Social Media Specialist
(707) 541-1250

Exchange Bank Announces Dave McLennon as Regional Sales Manager

Santa Rosa, CA – (April 13, 2018) – Exchange Bank announces the promotion of Dave McLennon, Vice President and Branch Manager, to Regional Sales Manager, responsible for overseeing Exchange Bank’s southern region. Dave joined Exchange Bank in 2016 and has been serving as the Vice President and Manager of our Sebastopol office. Prior to joining Exchange Bank, Dave served locally as a Branch Manager with Washington Mutual and its successor JP Morgan Chase. Dave began his 30+ year banking career at Wells Fargo in Sonoma County. Dave is a graduate of Northern Michigan University and lives in Santa Rosa. He is an active member of the Sebastopol Rotary Club.

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About Exchange Bank

Headquartered in Sonoma County and founded in 1890 with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California. The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is a 12-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2017 Best Consumer Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

Member FDIC — Equal Housing Lender — Equal Opportunity Employer

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April 2, 2018

Contact: Carolyn Cole-Schweizer, Corporate Communications & Social Media Specialist
(707) 541-1250

Exchange Bank Announces Rick Mossi as Senior Vice President of Retail Delivery

Santa Rosa, CA – (April 2, 2018) – Exchange Bank announces the promotion of Rick Mossi, Vice President and Regional Sales Manager, to Senior Vice President of Retail Delivery, responsible for overseeing Exchange Bank’s retail branches and merchant services. Rick has worked for Exchange Bank for over 18 years and has been a leader on the retail team.

Rick was hired into Exchange Bank in 1999 as the Branch Manager of Petaluma Main. He was promoted to Regional Manager overseeing six offices in 2005. In 2012, Rick was promoted to Regional Sales Manager overseeing the expanded nine branch southern region.

Before joining Exchange Bank, Rick had a 21-year career at Bank of America serving in a variety of retail and lending roles. Rick is a graduate of UC Davis, a native of Petaluma and a leader in the local community—having served as president of both the Petaluma Rotary Club and the Petaluma Chamber of Commerce. Rick currently serves as the president of the Rotary Club of Petaluma Foundation.

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About Exchange Bank

Headquartered in Sonoma County and founded in 1890 with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California. The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is a 12-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2017 Best Consumer Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

Member FDIC — Equal Housing Lender — Equal Opportunity Employer

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February 5, 2018

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Announces Fourth Quarter and Year Ending 2017 Earnings

Exchange Bank announces results for the fourth quarter and year ending 2017. “We have a great story to tell about the financial performance of Exchange Bank during 2017. However, throughout the fourth quarter, our focus was on assisting our employees, customers and the community after the most devastating wildfires in California history. We are grateful that because of our positive financial position we are able to help our community move forward through the rebuild process,” said Gary Hartwick, President and CEO.

Exchange Bank reported income before taxes of $10.86 million in the fourth quarter of 2017, compared to $8.80 million for the same period in 2016, an increase of 23%. Income before taxes for the year ended December 31, 2017 totaled $43.57 million, compared to $34.67 million a year ago, an increase of 26%. As a result of the enactment of the “Tax Cuts and Jobs Act” (Tax Act) as signed into law on December 22, 2017, the Bank reported an additional adjustment to income tax expense totaling $6.9 million in the fourth quarter of 2017, which had a material impact on net income for both the year and quarter ending December 31, 2017. As a result of this additional tax expense, the Bank reported a net loss of $293 thousand in the fourth quarter of 2017 and net income for the year ending December 31, 2017 of $19.5 million, as compared to net income of $5.45 million and $21.50 million for the quarter and year ended December 31, 2016. Without this additional income tax expense, net income would have been $6.6 million and $26.4 million for the quarter and year ending December 31, 2017.

The increase in income tax expense was the result of a remeasurement related to the carrying value of the Bank’s net deferred tax assets due to the reduction in federal income tax rates from 35% to 21%. Net deferred tax assets represent the tax effected timing difference between revenues and expenses recorded for book purposes as compared to the timing of revenues and expense recorded for tax purposes. “While the Bank was required to remeasure its net deferred tax assets in the fourth quarter of 2017, the reduction in federal tax rates beginning January 1, 2018 is expected to have a significant and positive impact on net income in future periods. Based on the projected level of Bank earnings, the 2017 impact on tax expense resulting from the net deferred tax asset remeasurement is expected to be earned back through a reduction in income tax expense in less than eighteen months,” stated Greg Jahn, Executive Vice President and Chief Financial Officer.

The Bank did benefit from two unusual and nonrecurring items of income during 2017 that contributed to this elevated level of earnings, including a gain of $1.6 million on the sale of other real estate held for sale and a $1.4 million litigation settlement. These benefits were partially offset by the reversal of loan loss provisions of $900 thousand during 2016, which were not repeated in 2017.

The earnings of the Bank were driven primarily by continued growth in loans and investments, which were funded by a significant increase in deposits. The growth in loans and investments led to an increase in net interest income of approximately $8.3 million for the year ending December 31, 2017, an 11% increase over the year ending December 31, 2016. The Bank experienced loan growth of approximately $71 million and an increase in investments and interest earning deposits primarily held with the Federal Reserve Bank totaling $322 million, which represent increases of 5% and 51% respectively. This increase in interest earning assets was funded primarily by growth in deposits of approximately $400 million, an increase of 21% over 2016. The extraordinary growth in deposits occurred during the fourth quarter and to a large extent related to the inflow of insurance settlements received by the Bank’s clients who suffered losses as a result of the unprecedented wildfires in the communities we serve. “Through this heartbreaking time, we used our financial resources and personnel in a number of innovative ways to support disaster relief efforts, and we continue to be a resource for liquidity and credit to our clients. We have recently announced a number of innovative and low-cost financial solutions to assist our community through the rebuild efforts. During this period of extraordinary devastation in Northern California, we have never been more proud to be a part of this generous and caring community,” said Gary Hartwick, President and CEO.

The Bank’s credit quality remains strong, with non-accrual loans declining to just 0.18% of total loans at December 31, 2017. Despite continued loan growth, as a result of the continued improvement in asset quality and net loan recoveries, the Bank did not make any provision for loan losses in 2017 and was able to maintain a ratio of loan loss reserves to total loans of 2.70%. In addition, the Bank’s capital ratios remain in excess of the regulatory definitions of “well capitalized.” As of December 31, 2017, the Bank reported total risk-based capital of 12.92%.

Exchange Bank paid a quarterly cash dividend of $0.90 per share on common stock outstanding to shareholders on December 8, 2017. Total dividends paid to Exchange Bank common shareholders during 2017 were $5.8 million and represented an increase of approximately 21% above total dividends of $4.8 million paid to common shareholders during 2016. The Doyle Trust, which funds the Doyle Scholarships at the Santa Rosa Junior College, receives 50.44% of all cash dividends paid by the Bank.

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December 20, 2017

Contact: Carolyn Cole-Schweizer, Corporate Communications & Social Media Specialist
(707) 541-1250

Exchange Bank Donates $20,000.00 to the Redwood Empire Food Bank in Honor of its Customers and Business Partners this Holiday Season

Santa Rosa, CA – (December 20, 2017) – Exchange Bank (OTC: EXSR) presents a check for $20,000.00 to the Redwood Empire Food Bank.

On hand for Tuesday’s check presentation were Exchange Bank President and CEO, Gary Hartwick, Bill Schrader, Exchange Bank Chairman of the Board and a group of Exchange Bank employees. The check was presented to Redwood Empire Food Bank CEO, David Goodman and COO Jean Larson.

“While many of us are looking forward to the holiday, we know that for many people in Sonoma County it’s a very stressful and unsettled time. On behalf of our loyal customers and business partners, we are proud to make this donation to the Redwood Empire Food Bank. In this season, we believe it is important to pause in gratitude for our blessings and give to the members of our community who need our help,” said Gary Hartwick, President and CEO. “Giving back to our community is an integral part of Exchange Bank’s culture.” In addition to the Redwood Empire Food Bank, Exchange Bank gives well over $600,000.00 annually to local non-profits within the communities it serves.

“Exchange Bank has a long history of serving the community. Through their generous philanthropy, it is clear that they care about the well-being of all people who call Sonoma County home. As a result of their generosity, and that of their customers, many lives are improved each and every day,” said David Goodman, CEO of the Redwood Empire Food Bank. “We are fortunate and grateful to have Exchange Bank with us in this most important work.”

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Redwood Empire Food Bank

The Redwood Empire Food Bank (REFB) is the largest hunger-relief organization serving north coastal California, from Sonoma County to the Oregon border. Since 1987, the REFB has been helping its neighbors in need and currently operates 15 innovative programs under three strategic initiatives – Every Child, Every Day; Senior Security; and the Neighborhood Hunger Network.

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About Exchange Bank

Headquartered in Sonoma County and founded in 1890 with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California. The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is a 12-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2017 Best Consumer Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

Member FDIC — Equal Housing Lender — Equal Opportunity Employer

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December 19, 2017

Contact: Carolyn Cole-Schweizer, Corporate Communications & Social Media Specialist
(707) 541-1250

Exchange Bank Welcomes Michael Curley as Vice President, Senior Investment Officer

Santa Rosa, CA – (December 19, 2017) – Exchange Bank (OTC: EXSR) announces that on November 5, 2017, Michael Curley joined Exchange Bank as Vice President, Senior Investment Officer, responsible for client relationships, investment management and financial planning. Michael will continue the success and growth of Exchange Bank’s Trust & Investment Management team.

Michael comes to Exchange Bank from First Republic Securities, LLC where he held the position of Chief Compliance Officer. Prior to that, he held supervisory and compliance management positions at various brokerage and investment advisory firms, including Thomas Weisel Partners, Montgomery & Co., First Albany Capital, Inc. and JP Morgan Chase H&Q. Michael has over 25 years of experience helping individuals, families and businesses be more financially successful.

Mike has been a resident of Petaluma for many years, raising his children and contributing to his community. He obtained his undergraduate degree from Rutgers University and his graduate degree in Finance from Golden Gate University, and is a CFA charterholder.

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About Exchange Bank

Headquartered in Sonoma County and founded in 1890 with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California.  The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is a 12-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2017 Best Consumer Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

Member FDIC — Equal Housing Lender — Equal Opportunity Employer

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November 22, 2017

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Declares Increase to Quarterly Cash Dividend

On November 14, 2017, Exchange Bank declared a quarterly cash dividend of $0.90 per share on common stock outstanding to shareholders of record at the close of business on November 24, 2017. The dividend is payable December 8, 2017. The cash dividend represents an increase of $.05 over the prior quarter’s dividend at $.85 per share. The dividend has increased from $.75 per share during the similar quarter ending December 31, 2016, an increase of 20%.

50.44% of the Bank’s cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

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FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

# # #

About Exchange Bank

Headquartered in Sonoma County and founded in 1890 with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California.  The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is a 12-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2017 Best Consumer Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

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November 2, 2017

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Announces Message to the Community and Third Quarter Earnings

Exchange Bank announces results for the third quarter of 2017. Exchange Bank’s third quarter earnings release had been delayed as our efforts at the Bank have been focused on taking care of our employees and the needs of our clients and community during this period of unprecedented loss due to the recent wildfires. Our hearts are with all of the people of Sonoma, Napa, Mendocino and Lake Counties who have been affected by the most devastating fires in California’s history. We applaud and thank the firefighters, first responders, members of law enforcement and medical personnel who have worked tirelessly to aid our community. Our employees and their families are volunteering throughout the community and we are actively engaged with business and civic leaders to address the issues created by these horrific fires: housing, jobs and public safety. From a community standpoint, the Bank has responded in a significant way, increasing its charitable giving to the many non-profit organizations that are directly impacting the relief efforts to support the victims of this disaster.

Exchange Bank announces results for the third quarter of 2017 with net income after tax of $6.6 million, compared to $5.4 million in the third quarter of 2016. This represents an increase of $1.2 million or a 23% increase compared to the same period a year ago. The Bank singled out the continued expansion of the Bank’s Trust and Investment Management business as well as increased activity in our SBA (Small Business Administration) business, as key contributors to the success in financial results.

The primary source of earnings for the Bank is net interest income, the difference between income earned on loans and investments less expenses paid on deposits and borrowings. During the quarter ending September 30, 2017 the Bank’s net interest income increased by $2.3 million or 13% above the similar quarter ending September 30, 2016. The Bank’s increase in net interest income was driven primarily by continued growth in loans which were funded by growth in deposits. Loan growth of $77 million or 5.5% during the 12 month period ending September 30, 2017 was funded by deposit growth of $112 million or 5.9%. Contributing to the increase in net interest income has been the rise in Treasury yields over this past year, which has allowed the Bank to reinvest in loans and investments at more attractive yields compared to the previous periods.

During the nine-months ending September 30, 2017, the Bank achieved net earnings of $19.8 million, compared to $16.1 million during the similar nine-month period in 2016, an increase of approximately $3.7 million or 23.3%. During the nine months ending September 30, 2017, the Bank’s net interest income increased $5.2 million over the similar nine-month period in 2016, an increase of 9.7%. Non-interest income for the nine months ending September 30, 2017 was positively influenced by a litigation settlement of $1.4 million in the second quarter as well as gains on sale of other real estate owned totaling approximately $1.38 million in the first quarter of 2017.

Exchange Bank paid a quarterly cash dividend of $0.85 per share on common stock outstanding to shareholders on September 15, 2017. 50.44% of the cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

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FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

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About Exchange Bank

Headquartered in Sonoma County and founded in 1890 with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California.  The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is a 12-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2017 Best Consumer Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

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August 31, 2017

Contact: Carolyn Cole-Schweizer, Corporate Communications & Social Media Specialist
(707) 541-1250

Exchange Bank Announces Jim Barnett as Vice President, SBA Lending and Business Development Officer in the East Bay

Santa Rosa, CA – (August 31, 2017) – Exchange Bank (OTC: EXSR) announces Jim Barnett as Vice President, SBA Lending and Business Development Officer located in Brentwood, Ca. Jim joined Exchange Bank’s team of lending specialists earlier this year and is helping small business owners get the resources they need to start and grow a successful business.

Jim is a seasoned SBA lender with 13 years of SBA and commercial banking experience and a solid history as a top producer in the industry. Previously, Jim worked for Union Bank, US Bank and Sonoma Bank where he honed his SBA and commercial banking skills.

Jim graduated from the Pacific Coast Banking School in 2012 and is a Santa Rosa native. He attended both Cardinal Newman HS and SRJC, and went on to graduate with a BA in Communications from St. Mary’s College. Jim lives in Brentwood and is an active volunteer in youth sports.

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About Exchange Bank

Headquartered in Sonoma County and founded in 1890 with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California.  The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is a 12-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2017 Best Consumer Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

Member FDIC — Equal Housing Lender — Equal Opportunity Employer

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August 29, 2017

Contact: Carolyn Cole-Schweizer, Corporate Communications & Social Media Specialist
(707) 541-1250

Exchange Bank Promotes Cherie Chipman to Vice President, Branch Manager of their Rohnert Park Branch

Santa Rosa, CA – (August 29, 2017) – Exchange Bank (OTC: EXSR) announces the promotion of Cherie Chipman to Vice President and Branch Manager Rohnert Park. This promotion is one of several that Cherie has earned since she began with Exchange Bank. Cherie is responsible for overall operations, loan growth, customer service, performance and profitability of the Rohnert Park branch.

Cherie began her career with Exchange Bank in 2008 as a personal banker. She was quickly promoted into a regional premier banking role in support of nine offices in the southern region. In 2015, Cherie was promoted to relationship banker/wholesaler and was instrumental in the creation, rollout and administration of Exchange Bank’s relationship banker program.

Before to coming to Exchange Bank, Cherie held positions in management and accounting in several local financial service organizations. Cherie has an AA degree from Santa Rosa Junior College with certificates in Accounting and Tax Preparation.

Cherie is a Penngrove resident and is very active in the Rohnert Park and Cotati communities. She is a currently vice president of the Cotati-Rohnert Park Educational Foundation and past president of the Cotati Chamber of Commerce.

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About Exchange Bank

Headquartered in Sonoma County and founded in 1890 with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California.  The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is a 12-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2017 Best Consumer Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

Member FDIC — Equal Housing Lender — Equal Opportunity Employer

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August 24, 2017

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Declares Increase to Quarterly Cash Dividend

Santa Rosa, CA — On August 15, 2017, Exchange Bank President and Chief Executive Officer, Gary Hartwick, announced that the Bank’s board of directors has approved—in connection with the Bank’s recently reported net income of $6.5 million—a quarterly cash dividend of $0.85 per share on common stock outstanding to shareholders of record at the close of business on September 1, 2017. The dividend is payable September 15, 2017. The cash dividend, while unchanged from the prior quarter at $.85 per share, has increased from $.70 per share during the similar quarter ending September 30, 2016, an increase of approximately 21%.

50.44% of the Bank’s cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

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FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

# # #

About Exchange Bank

Headquartered in Sonoma County and founded in 1890 with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California.  The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is a 12-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2017 Best Consumer Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

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August 23, 2017

Contact: Carolyn Cole-Schweizer, Corporate Communications & Social Media Specialist
(707) 541-1250

Exchange Bank Announces Terry Fassold as Vice President, Branch Manager of their Reinking Branch in Montgomery Village

Santa Rosa, CA – (August 23, 2017) – Exchange Bank (OTC: EXSR) announces Terry Fassold as Vice President and Branch Manager of their Reinking branch in Montgomery Village in Santa Rosa. Terry joined Exchange Bank earlier this year and is responsible for overall operations, customer service, performance and profitability.

Terry has over 22 years of regional sales management and sales leadership experience. He comes to us from Bank of America where he held positions as VP branch manager, SVP consumer market manager, SVP premier market manager, and SVP retail home loans manager.

Terry is originally from the Pacific Northwest. He has lived in Sonoma County since 2006. Terry enjoys coaching youth sports and volunteering for the Boys & Girls Club of Sonoma County, the Juvenile Diabetes Research Foundation, the Leukemia & Lymphoma Society’s Light the Night Walk and Becoming Independent.

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About Exchange Bank

Headquartered in Sonoma County and founded in 1890 with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California.  The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is a 12-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2017 Best Consumer Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

Member FDIC — Equal Housing Lender — Equal Opportunity Employer

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August 23, 2017

Contact: Carolyn Cole-Schweizer, Corporate Communications & Social Media Specialist
(707) 541-1250

Exchange Bank Announces Becky Ettinger as Vice President, Commercial Loan Officer

Santa Rosa, CA – (August 23, 2017) – Exchange Bank (OTC: EXSR) announces Becky Ettinger as Vice President, Commercial Loan Officer, responsible for portfolio maintenance and business development. Becky joined Exchange Bank in 2010 and recently transferred to the Commercial Banking Group from the Sonoma branch where she held the position of vice president and branch manager.

Becky has 29 years of banking experience in the Sonoma area. She is past president of the Sonoma Valley Chamber of Commerce and currently holds a board seat and participates in various community events.

Becky was awarded a certificate of completion for the California Bankers Association Commercial Lending School in 2008, enhancing her skills in accounting principles and financial analysis. 

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About Exchange Bank

Headquartered in Sonoma County and founded in 1890 with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California.  The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is a 12-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2017 Best Consumer Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

Member FDIC — Equal Housing Lender — Equal Opportunity Employer

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August 23, 2017

Contact: Carolyn Cole-Schweizer, Corporate Communications & Social Media Specialist
(707) 541-1250

Exchange Bank Welcomes Britt Cooper as Vice President, Branch Manager of Sonoma Branch

Santa Rosa, CA – (August 23, 2017) – Exchange Bank (OTC: EXSR) welcomes Britt Cooper as Vice President, Branch Manager of their Sonoma branch, responsible for overall operations, customer service, performance and profitability. Britt returns to Exchange Bank, having previously held branch manager positions in both the Windsor and Coddingtown branches from 2002 to 2007.

Britt has 30 years of management, business development and community relations experience and worked most recently as a market manager for Bank of Marin.

Britt has a bachelor’s degree from CSU Sacramento, a master’s degree from USF and is a graduate of Pacific Coast Banking School. He served on the board for the Volunteer Center of Sonoma County and participates in various community events.

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About Exchange Bank

Headquartered in Sonoma County and founded in 1890 with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California.  The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is a 12-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2017 Best Consumer Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

Member FDIC — Equal Housing Lender — Equal Opportunity Employer

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August 23, 2017

Contact: Carolyn Cole-Schweizer, Corporate Communications & Social Media Specialist
(707) 541-1250

Exchange Bank Welcomes Kevin Smart as Vice President, Residential Mortgage Manager

Santa Rosa, CA – (August 23, 2017) – Exchange Bank (OTC: EXSR) welcomes Kevin Smart as their new Vice President, Residential Mortgage Manager, responsible for expanding mortgage production. Kevin has an extensive 24-year mortgage industry background and will continue the success and growth of Exchange Bank’s Residential Lending Department.

Kevin comes to Exchange Bank from Wells Fargo, where he held the position of branch sales manager. He was recognized for his performance in production, compliance and customer loyalty. Kevin has 24 years of experience within the mortgage industry and previously owned his own mortgage brokerage business.

Kevin graduated from CSU Sacramento with a B.S. in Business Administration with a concentration in Real Estate Finance and Land Use Affairs. Kevin has made his home in Sonoma County since 1993 and has been involved with local charities and many real estate affiliates to raise funds for the youth of Sonoma County.

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About Exchange Bank

Headquartered in Sonoma County and founded in 1890 with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California.  The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is a 12-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2017 Best Consumer Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

Member FDIC — Equal Housing Lender — Equal Opportunity Employer

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August 18, 2017

Contact: Carolyn Cole-Schweizer, Corporate Communications & Social Media Specialist
(707) 541-1250

Exchange Bank Celebrates Grand Opening of New Branch in East Petaluma

– (August 18, 2017) – Exchange Bank (OTC:EXSR) celebrated the grand opening of its new Petaluma East branch with a ribbon cutting ceremony and reception on Thursday, August 17, 2017. The event was co-hosted by the Petaluma Chamber of Commerce and held at the new location at 453 N. McDowell Blvd., Suite 10, Petaluma, CA 94954.

In attendance at the event were Exchange Bank and Petaluma Chamber customers, members and guests. The new branch opened its doors on Monday, June 19, 2017 and replaces a branch previously located at 701 Sonoma Mountain Parkway in Petaluma.

The new branch is designed to make customers feel welcome the moment they walk in. The design elements reflect the natural colors and textures found in the community and provide an open feeling that customers have described as “beautiful, open and spacious.” The traditional branch design has been replaced by an environment that allows customers to move at their own pace between technology-based transactions and personal service.

“Our vision was to create a warm, welcoming space that reflects the spirit of the community, where our customers feel comfortable transacting business and receiving financial advice,” said Ann Hudson, Senior Vice President, Retail Banking.

The new branch includes a lounge-like area with “smart” screens featuring financial education and community events, a coffee bar, free Wi-Fi, digital technology, and a kids zone to keep little ones busy while parents do their banking. Customers interact with banking specialists at “pods” equipped with cash recyclers for quick service. Glass door offices offer privacy for consultation and in-depth interactions.

“We want to continue to evolve the Bank to meet the needs of our customers—with innovative spaces, technology and knowledgeable staff members,” said Ann.

Business hours at the new location remain unchanged (Monday-Thursday 9am-5pm, Friday 9am-6pm) with the addition of Saturday hours from 9am-1pm, giving customers one more day to do their banking.

The staff at our new branch look forward to greeting customers and visitors. Edie Cheda, Vice President/Branch Manager and a Petaluma native, is available to answer questions.

Edie can be contacted at (707) 766-1544.

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About Exchange Bank

Headquartered in Sonoma County and founded in 1890 with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial, and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California.  The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is an 11-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2016 Best Business Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

Member FDIC — Equal Housing Lender — Equal Opportunity Employer

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July 25, 2017

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Announces Second Quarter Earnings 

Santa Rosa, CA – (July 25, 2017) – Exchange Bank (OTC: EXSR) today announced results for the second quarter of 2017 with a profit after tax of $6.51 million, compared to $5.45 million in the second quarter of 2016. This represents a 20% increase compared to the same period a year ago. Core earnings for the Bank continue to experience solid growth as evidenced by an increase in net interest income of $1.4 million or 7.9% for the quarter ending June 30, 2017 compared to the similar quarter in 2016. Contributing to the positive trend in net interest income was growth in the loan portfolio of $131 million or a 10% increase in loans outstanding as of June 30, 2016. This strong loan growth was funded by an increase in deposits totaling $169 million, an increase of 9.2% above deposit balances at June 30, 2016.

Second quarter earnings were positively influenced by a couple of unusual events. During the quarter ending June 30, 2017 the Bank experienced a gain of $1.4 million relating to a litigation settlement. This unusual and nonrecurring event was somewhat offset by a one-time expense of $220 thousand recorded as interest expense relating to the early payoff of $6 million in high rate paying borrowings from the Federal Home Loan Bank. 

During the six-months ending June 30, 2017, the Bank achieved net earnings of $13.15 million, compared to $10.66 million during the similar six-month period in 2016, an increase of approximately $2.5 million or 23.4%. During the six-months ending June 30, 2017, the Bank’s core earnings as measured by net interest income increased $2.9 million over the similar six-month period in 2016, an increase of 8.1%. Noninterest income for the six-months ending June 30, 2017 was positively influenced by the aforementioned litigation settlement of $1.4 million in the second quarter as well as gains on sale of other real estate totaling approximately $1.38 million in the first quarter of 2017. Similarly, earnings during the six months ending June 20, 2016 were positively influenced by recovery of provision for loan loss totaling $900 thousand, while no such recoveries were recognized during 2017.

“Given the volatility we have witnessed over this past year in the direction of interest rates, and the continued uncertainty relating to the direction of fiscal and monetary policy, we are pleased with the results of the Bank. The ability to fund the credit needs of the communities we serve with net loan growth of $131 million is both the result of the dedication and hard work of our employees as well as the confidence the community places in Exchange Bank,” stated President and Chief Executive Officer, Gary Hartwick.

Exchange Bank paid a quarterly cash dividend of $0.85 per share on common stock outstanding to shareholders on June 16, 2017. 50.44% of the cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

# # #

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

# # #

About Exchange Bank

Headquartered in Sonoma County and founded in 1890 with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial, and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California.  The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is an 11-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2016 Best Business Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

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May 18, 2017

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Declares Increase to Quarterly Cash Dividend

Santa Rosa, CA – (May 18, 2017) Exchange Bank (OTC: EXSR) declared a quarterly cash dividend of $0.85 per share on common stock outstanding to shareholders of record at the close of business on June 2, 2017. The dividend is payable June 16, 2017. The cash dividend was increased by $0.05 per share or 6% above the previous quarterly dividend of $0.80 per share. Exchange Bank President and CEO, Gary Hartwick, stated “The Exchange Bank Board of Directors remains confident in the Bank’s ability to deliver a sustainable level of financial success that will support this level of dividend payout to our valued shareholders. The key to this success continues to be a strong balance sheet that consistently demonstrates outstanding credit quality, the dedication of our employees and the support from our customers and shareholders.” 50.44% of the Bank’s cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

# # #

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

# # #

About Exchange Bank

Headquartered in Sonoma County and founded in 1890 with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial, and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California.  The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is an 11-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2016 Best Business Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

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April 19, 2017

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Announces First Quarter Earnings – 4.19.17

Santa Rosa, CA – (April 19, 2017) – Exchange Bank (OTC: EXSR) today announced results for the first quarter of 2017 with a profit after tax of $6.63 million, compared to $5.21 million in the first quarter of 2016. This represents an increase of $1.42 million or 27.3% over the same period a year ago.

The increase in earnings can be attributed to both an increase in core earnings of the Bank as a result of increased net interest income as well as nonrecurring earnings in the form of gains on the sale of other real estate owned (OREO). During the first quarter of 2017, the Bank successfully completed the sale of OREO, which contributed pretax gains of approximately $1.38 million. There was no such gain on the sale of assets during the similar quarter in 2016. Conversely, in 2016 the Bank recognized a recovery of a $500 thousand provision for loan loss reserves that was taken back into income. There was no similar recapture of provision for loan losses during the first quarter of 2017. The Bank did not make any provision for losses on loans during the first quarter of 2017 or 2016. The Bank’s level of reserves to support future loan losses remains strong in comparison to industry standards and is further supported by reductions in problem assets and the ongoing decline in net loan charge-offs.

“While this was another strong quarter of financial performance, as demonstrated by the increased net interest income, it is important to note that the unusual nature of the gains on the sale of other real estate owned totaling almost $1.38 million is not anticipated in future periods,” said Greg Jahn, executive vice president and CFO.

The strength in core earnings was driven primarily by continued growth in loans and deposits, leading to an increase in net interest income of approximately $1.5 million during the first quarter of 2017, an 8% increase over the similar quarter in 2016. Loans grew by approximately $151 million over the 12 months ending March 31, 2017, an increase of 11.9%. Deposits increased by approximately $124 million over totals reported as of March 31, 2016, an increase of 6.8%.

Absent the gain on sale of OREO, the Bank’s non-interest income increased by approximately $650 thousand during the first quarter of 2017 compared to the similar quarter in 2016, and was driven by increases in gain on sale of Small Business Administration (SBA) loans, as well as income generated by the Bank’s Trust and Investment business.

“We are pleased to report strong earnings this quarter driven by significant loan growth in the fourth quarter of 2016 and strong growth in our core deposits,” said Gary Hartwick, president and CEO. “In support of our mission, we are committed to building strong long-term relationships with our clients while maintaining strong credit quality.”

Exchange Bank paid a quarterly cash dividend of $0.80 per share on common stock outstanding to shareholders on March 17, 2017. 50.44% of the cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

# # #

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

# # #

About Exchange Bank

Headquartered in Sonoma County and founded in 1890 with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial, and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California.  The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is an 11-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2016 Best Business Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

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April 10, 2017

Contact: Carolyn Cole-Schweizer, Corporate Communications & Social Media Specialist
(707) 541-1250

Exchange Bank Names Connie Codding as this Year’s Winner of the Frank P. Doyle Philanthropy Award

Santa Rosa, CA – (April 10, 2017) – Exchange Bank (OTC:EXSR) Exchange Bank names Connie Codding as this year’s winner of the Frank P. Doyle Philanthropy Award, honoring local businesses and their leaders who meet critical community needs.

Connie Codding, executive vice president of Codding Enterprises and president of the Codding Foundation, a family philanthropic foundation benefiting young people in Sonoma County, was recognized along with 23 winners of North Bay Business Journal’s Community Philanthropy Awards at the fourth annual luncheon on March 31 at Hyatt Vineyard Creek in Santa Rosa.

The goal of the Frank P. Doyle award is to select an individual or organization that both reflects and shares the core values of bank co-founder, Frank Doyle, in giving back to the community.

“Connie is a philanthropist with a passion for helping young people,” said Gary Hartwick, president and CEO of Exchange Bank. “Her support in the community is a testament to her commitment and concern for the health and welfare of our youth and young adults.”

Connie’s gifts to Sonoma County community organizations are numerous. She is a supporter of family planning and played a crucial role in the preservation of the clinic at Elsie Allen High School operated by Santa Rosa Community Health Centers. Connie co-chaired the successful Campaign Committee for SAY’s Dream Center and sits on the board of PDI Surgery Center, which provides urgently needed oral surgery to children from low-income families.

The Codding Foundation has supported a long list of programs over the years, including the 4-H Club, Memorial Hospital, the Sonoma County Museum, Southwest Community Health Clinic, the Earle Baum Center of the Blind, Santa Rosa Boys & Girls Club, the Santa Rosa Junior College Foundation, the Sonoma County Community Foundation and the Children’s Health Network.

Codding Enterprises is currently developing Sonoma Mountain Village, a One Planet sustainable community located in Rohnert Park. Connie also serves on the advisory board of the Osher Lifelong Learning Institute at Sonoma State.

“The giving spirit of Connie Codding and her dedication to the community—especially our youth—sets her apart,” said Hartwick. “Exchange Bank is proud to recognize her with the Frank P. Doyle Philanthropy Award.”

# # #

About Exchange Bank

Founded in 1890 and headquartered in Sonoma County with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services. Exchange Bank has 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California. The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is an 11-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2016 Best Business Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders.  www.exchangebank.com.

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March 7, 2017

Contact: Carolyn Cole-Schweizer, Corporate Communications & Social Media Specialist
(707) 541-1250

Exchange Bank Names John Mackey as Senior Vice President & Managing Director of Investment & Fiduciary Services

Santa Rosa, CA – (March 7, 2017) – Exchange Bank (OTC:EXSR) announces that its Board of Directors has named John Mackey to be Senior Vice President and Managing Director of Investment & Fiduciary Services, reporting to Chief Financial Officer Greg Jahn, beginning February 27, 2017. The Department provides full fiduciary services in trust administration and investment management. Since receiving its trust powers in 1963, Exchange Bank has grown to be one of the largest and most respected trust departments in Northern California.

To provide continuity, Mr. Mackey will work alongside retiring Trust and Investment Managing Director Steven T. Jenkins during a transition period to oversee day-to-day business operations, and lead strategic planning and business development efforts.  Mr. Jenkins has made an indelible mark on the Department since joining the Bank in 1996.  Assets under administration have grown from $250 million to over $1 billion.

“It has been both a pleasure and an honor to work alongside a team of truly outstanding fiduciaries and John is the ideal choice to take the Trust and Investment Management to the next level,” said Mr. Jenkins. “We look forward to taking advantage of his vast experience working with affluent families and business owners to serve their retirement and wealth management needs. I believe our clients will personally benefit greatly from John’s leadership, expertise, and strategic vision.”

Mr. Mackey has 33 years of experience managing professionals with diverse skills and responsibilities in the areas of financial and succession planning, investment management, retirement planning, and estate planning.  He was the Senior Executive managing Wealth Management at Comerica Bank in the Silicon Valley Region, the President of the Greater Bay Private Capital Bank in Palo Alto, and a founding member of the Family Wealth Group at Wells Fargo Bank.

# # #

About Exchange Bank

Founded in 1890 and headquartered in Sonoma County with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services. Exchange Bank has 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California. The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is an 11-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2016 Best Business Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

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March 1, 2017

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Declares Increase to Quarterly Cash Dividend

On February 22, 2017, Exchange Bank declared a quarterly cash dividend of $0.80 per share on common stock outstanding to shareholders of record at the close of business on March 6, 2017. The dividend is payable March 17, 2017. The cash dividend was increased by $0.05 per share or 7% above the previous quarterly dividend of $0.75 per share.

Exchange Bank President and CEO, Gary Hartwick, stated “The Exchange Bank Board of Directors contributes the increased level of dividend payout to the Bank’s strong balance sheet and positive trend in earnings.”

50.44% of the Bank’s cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

# # #

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

# # #

About Exchange Bank

Founded in 1890 and headquartered in Sonoma County with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services. Exchange Bank has 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California. The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is an 11-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2016 Best Business Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

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February 16, 2017

Contact: Carolyn Cole-Schweizer, Corporate Communications & Social Media Specialist
(707) 524-1250

Exchange Bank Welcomes Antonio Rosales, Residential Mortgage Loan Consultant, Invested in Serving the Hispanic Community

Santa Rosa, CA 

– (February 16, 2017) – Exchange Bank (OTC:EXSR) welcomes Antonio Rosales to their Residential Mortgage Department effective January 3, 2017. Antonio is responsible for supporting home loan servicing and enhancing the lending experience for Hispanic consumers.

A seasoned residential mortgage professional, Antonio has been originating residential mortgages in Sonoma County for the past 19 years and has worked for various mortgage brokers. He understands the Hispanic market and the challenges of the Latino community. “I believe in developing strong relationships with my clients,” said Antonio. “I consider them an extension of my family. I understand what keeps them up at night and I am committed to taking care of their needs. I want to help my clients achieve the American Dream.”

Antonio has lived in Sonoma County for over 50 years. He grew up in Healdsburg and attended both Santa Rosa Junior College and Sonoma State University. He began as a bilingual loan agent in 1997. Antonio’s ability to provide service in both Spanish and English makes the home buying process faster and easier. Antonio’s clients benefit from a clear understanding of financing options, credit and proof of residency requirements. Beyond mortgage loan consulting, Antonio can connect borrowers with qualified Spanish-speaking real estate agents and escrow officers.

Antonio is actively involved in the Sonoma County soccer and tennis communities, serving as president, manager and coach for various leagues and clubs. He volunteers his time to several schools and clubs in the Roseland District, and regularly attends Chamber of Commerce meetings to keep up on important issues that impact the community.

Antonio is available to assist Spanish-speaking borrowers at the Exchange Bank Santa Rosa Main, Dutton and Stony Point branches. He is available at all other branches and on Saturdays by appointment.

# # #

About Exchange Bank

Founded in 1890 and headquartered in Sonoma County with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services. Exchange Bank has 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California. The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is an 11-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2016 Best Business Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

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February 7, 2017

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Announces Fourth Quarter and Year Ending 2016 Earnings

Exchange Bank reported net income of $5.45 million in the fourth quarter of 2016, compared to $5.14 million for the same period in 2015, an increase of 6.1%. Net income for the year ending December 31, 2016, totaled $21.5 million, compared to $21.0 million a year ago, an increase of 2.3%. The Bank’s core earnings however, which represents income before provision for income taxes and excluding provision for loan loss, increased $2.9 million or 9.4% above the reported core earnings of $30.8 million reported in 2015. The largest component of the adjustment to core earnings was the decline in the reversal of the provision for loan losses, which declined from $3.2 million in 2015 to $900 thousand in 2016. “Given the continued low interest rate environment within which the Bank operated through most of the year, the Bank’s increase in earnings is truly noteworthy. All things considered, we are very pleased with the significant improvement in the financial results and overall condition of the Bank,” stated Gary Hartwick, President and CEO.

The core earnings of the Bank were driven primarily by continued growth in loans, which were funded by significant growth in deposits. The growth in loans led to an increase in net interest income of approximately $4.9 million for the year ending December 31, 2016, a 7.3% increase over the year ending December 31, 2015. The Bank experienced loan growth of approximately $148 million or 11.6% over 2015, which represented the strongest year of loan growth we have witnessed since the economic downturn in 2008. This growth in loans was funded primarily by growth in deposits of approximately $104 million, an increase of 5.7% over 2015. “The Bank’s financial accomplishments and the success in growing the loan portfolio is a reflection of the continued improvement in the local economies in which we operate. The Bank’s ability to grow the loan portfolio can be further attributed to the dedicated efforts of our team at Exchange Bank, and our customers’ confidence in Exchange Bank to help meet their financing needs,” said Gary Hartwick, President and CEO.

Contributing to the increase in core earnings was the Bank’s Trust and Investment Division which experienced a growth in revenues during 2016 of 4.5% to approximately $6.4 million as compared to $6.1 million for the 2015 period. Additionally, the Bank’s focus on efficiency led to a modest 2.1% growth in total operating expenses. “Despite many uncertainties, such as the impacts of potential changes to fiscal and monetary policy, we believe the Bank is well positioned to deal with the challenges ahead,” stated Greg Jahn, Executive Vice President and CFO.

The Bank’s credit quality remains strong, with non-accrual loans declining to just 0.17% of total loans at December 31, 2016, from 0.33% of total loans a year ago. Despite our significant loan growth, as a result of the continued improvement in asset quality and net loan recoveries, the Bank did not make any provision for loan losses in 2016, and was able to maintain a strong ratio of loan loss reserves to total loans of 2.68%. In addition, the Bank’s capital ratios remain in excess of the regulatory definitions of “well capitalized.” As of December 31, 2016, the Bank reported total risk-based capital of 12.71%.

Exchange Bank paid a quarterly cash dividend of $0.75 per share on common stock outstanding to shareholders on December 9, 2016. Total dividends paid to Exchange Bank common shareholders during 2016 were $4.8 million and represented an increase of approximately 26% above total dividends of $3.8 million paid to common shareholders during 2015. The Doyle Trust, which funds the Doyle Scholarships at the Santa Rosa Junior College, receives 51% of all cash dividends paid by the Bank.

# # #

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

# # #

About Exchange Bank

Founded in 1890 and headquartered in Sonoma County with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services. Exchange Bank has 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California. The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is an 11-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2016 Best Business Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

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January 23, 2017

Contact: Carolyn Cole-Schweizer, Corporate Communications & Social Media Specialist
(707) 524-1250

Exchange Bank Expands into Marin County with the Hiring of New VP Sales and Business Development Officer Alan Aranha

Santa Rosa, CA

 – (January 23, 2017) Exchange Bank (OTC:EXSR) welcomes Alan Aranha as their new VP Sales and Business Development officer, responsible for expanding Exchange Bank’s presence into the heart of San Rafael, offering local lending and community banking services.

Alan comes to Exchange Bank from Chase N. A. and Citibank N. A. He is a business banking consultant and strategist who specializes in commercial, SBA and relationship banking with an exceptional record of portfolio development and client loyalty. Alan believes in establishing successful and productive alliances with partners that serve the needs of businesses.

Alan is uniquely qualified to develop banking solutions that benefit and add value to local business owners. Having owned his own business and serving as the Executive Director of the Novato Chamber of Commerce (2003-2004) and the VP of the San Rafael Chamber of Commerce (1999-2003), Alan understands the challenges facing a variety of businesses and employs his commercial banking knowledge to help solve them. Alan is highly valued by his clients for his in-depth needs reviews, high standards of customer service, resourcefulness, and insight into industry trends.

Alan graduated from with a B.A. in Economics and Sociology and is a graduate of (Chamber of Commerce) Leadership San Rafael, Novato and Palo Alto. Alan is active in the community and is passionate about local business and community development.

# # #

About Exchange Bank

Headquartered in Sonoma County and founded in 1890 with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California. The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is an 11-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2016 Best Business Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

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January 23, 2017

Contact: Carolyn Cole-Schweizer, Corporate Communications & Social Media Specialist
(707) 524-1250

Exchange Bank and SRJC Join to Celebrate Dedication of Third Floor Rotunda in Frank P. Doyle Library

Santa Rosa, CA

 – (January 23, 2017) – Exchange Bank (OTC: EXSR) and Santa Rosa Junior College celebrated the dedication of the third floor rotunda of the Frank P. Doyle Library—named Exchange Bank Rotunda—with a private ribbon cutting ceremony and reception.

In attendance at Monday’s dedication were Exchange Bank President and CEO, Gary Hartwick, SRJC Superintendent/President Dr. Frank Chong, members of Exchange Bank Board of Directors and Trustees of the Frank P. Doyle Trust, members of the SRJC Board of Trustees and SRJC Foundation Board of Directors, as well as a gathering of Exchange Bank employees and SRJC leaders and students.

Unveiled at the ceremony were the marquee lettering dedicating the third floor rotunda of the Frank P. Doyle Library to Exchange Bank and a wall art piece titled “Bridging the Past to the Future” which highlights the connection between Exchange Bank, SRJC, Frank Doyle and the Golden Gate Bridge. Two permanent display cases were also unveiled which will feature rotating historical items from the Exchange Bank archives.

“Exchange Bank’s legacy of financial leadership and community support is at the core of our values and is an integral part of our history. Frank Doyle’s vision-turned-reality of a perpetual trust that would provide financial assistance to ‘worthy young men and women attending Santa Rosa Junior College’ established a relationship with the JC that we are very proud to be a part of” said Gary Hartwick, President and CEO. “We are honored to be recognized in this way today. Giving back to our community is an important part of Exchange Bank’s culture—a tradition that we intend to continue.”

SRJC Superintendent/President Dr. Frank Chong said, “We are proud of the longstanding relationship between Santa Rosa Junior College and Exchange Bank. We are extremely grateful for the lead gift of $100,000 to the SRJC 100th Anniversary Campaign from Exchange Bank, and for the great impact it will have on the lives of countless students and their families. We’re pleased to dedicate the third floor rotunda of the Frank P. Doyle Library on the Santa Rosa campus to Exchange Bank in honor of our relationship and in thanks for the significant contributions made by the bank throughout our shared history.”

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About SRJC

Santa Rosa Junior College (SRJC) is known for academic excellence, superb faculty and staff, comprehensive student services and beautiful facilities. This beloved community institution, turning 100 years old in 2018, enrolls approximately 26,000 students each semester. SRJC is dedicated to making higher education accessible and successful for all. Student life is vibrant, with over 50 clubs, conference-winning athletic teams, nationally ranked speech and debate teams, and outstanding theatre arts, music and dance programs. The College has campuses in Santa Rosa and Petaluma, as well as Shone Farm, Southwest Santa Rosa Center and the Public Safety Training Center. A 2015 study found that the local economic impact of SRJC totaled $1.6 billion and over 26,000 local jobs.

About Exchange Bank

Founded in 1890 and headquartered in Sonoma County with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services. Exchange Bank has 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California. The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is an 11-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2016 Best Business Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

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December 22, 2016

Contact: Carolyn Cole-Schweizer, Corporate Communications & Social Media Specialist
(707) 524-1250

Exchange Bank donates $20,000.00 to the Redwood Empire Food Bank in honor of its customers and business partners this holiday season

Santa Rosa, CA

 – (December 22, 2016) – Exchange Bank (NASDAQ: EXSR) presents a check for $20,000.00 to the Redwood Empire Food Bank.

On hand for Thursday’s check presentation were Exchange Bank President and CEO, Gary Hartwick, Bill Schrader, Exchange Bank Chairman of the Board and a group of Exchange Bank employees. The check was presented to Redwood Empire Food Bank CEO, David Goodman.

“On behalf of our loyal customers and business partners, we are proud to make this donation to the Redwood Empire Food Bank. In this season, we believe it is important to pause in gratitude for our blessings and give to the members of our community who need our help,” said Gary Hartwick, President and CEO. “Giving back to our community is an integral part of Exchange Bank’s culture.” In addition to the Redwood Empire Food Bank, Exchange Bank gives well over $600,000.00 annually to local non-profits within the communities it serves.

“Exchange Bank has a long history of serving the community. Through their generous philanthropy, it is clear that they care about the well-being of all people who call Sonoma County home. As a result of their generosity, and that of their customers, many lives are improved each and every day,” said David Goodman, CEO of the Redwood Empire Food Bank. “We are fortunate and grateful to have Exchange Bank with us in this most important work.”

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About Redwood Empire Food Bank

The Redwood Empire Food Bank (REFB) is the largest hunger-relief organization serving north coastal California, from Sonoma County to the Oregon border. Since 1987, the REFB has been helping its neighbors in need and currently operates 15 innovative programs under three strategic initiatives – Every Child, Every Day; Senior Security; and the Neighborhood Hunger Network.

About Exchange Bank

Founded in 1890 and headquartered in Sonoma County with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services. Exchange Bank has 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California. The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is an 11-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2016 Best Business Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

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December 13, 2016

Contact: Craig Bainbridge, SVP, Product Innovation & Delivery Manager
(707) 524-3119

Exchange Bank Welcomes Maxwell Cash as Leasing & Business Finance Officer

Santa Rosa, CA – (December 13, 2016) – Exchange Bank (OTC:EXSR) welcomes Maxwell Cash as their new Leasing & Business Finance Officer, responsible for opening Exchange Bank’s San Francisco office, located in the heart of the Financial District.

Maxwell comes to Exchange Bank from ATEL Capital Group, where he successfully built out ATEL’s origination business as the Vice President of Lease Origination. Maxwell was recognized as ATEL Leasing’s Originator of the Year, funding a total of $33 million in direct lease transactions.

Maxwell graduated from the University of Southern California with a B.A. in International Relations and a Minor in Business Administration. He currently serves on the industry advisory board of the USC Center for Global Supply Chain Management and is a member of the Center’s Ambassador Network. 

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Headquartered in Sonoma County with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California.  The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is an 11-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2016 Best Business Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

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December 13, 2016

Contact: Craig Bainbridge, SVP, Product Innovation & Delivery Manager
(707) 524-3119

 

Exchange Bank Welcomes Carolyn Cole-Schweizer as Corporate Communications & Social Media Specialist

Santa Rosa, CA – (December 13, 2016) – Exchange Bank (OTC:EXSR) welcomes Carolyn Cole-Schweizer as their new Corporate Communications & Social Media Specialist.

Carolyn brings more than 19 years of marketing communications experience to her role. Most recently, Carolyn was the Donor & Alumni Relations Coordinator for the Santa Rosa Junior College Foundation.

Carolyn is a graduate of San Jose State University where she earned an M.A. in Linguistics and a B.A. in German. She also studied at the University of Heidelberg in Germany. Carolyn is currently a commissioner and council member of her church and coordinates the youth volunteer program at F.I.S.H., a local food pantry in Santa Rosa.

# # #

Headquartered in Sonoma County with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and Marin, California.  The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is an 11-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2016 Best Business Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.

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November 17, 2016

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Declares Increase to Quarterly Cash Dividend

Santa Rosa, CA – On November 15th, 2016 Exchange Bank declared a quarterly cash dividend of $0.75 per share on common stock outstanding to shareholders of record at the close of business on November 25th, 2016. The dividend is payable December 9th, 2016. The cash dividend was increased by $0.05 per share or 7% above the previous quarterly dividend of $0.70 per share.

Exchange Bank President and CEO, Gary Hartwick, stated, “The decision by the Board of Directors to increase the dividend was a result of the Banks’ strong earnings and Boards’ confidence in the sustainability of the Bank’s financial performance as we look forward”.

51% of the Bank’s cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

# # #

About Exchange Bank – Exchange Bank is a community banking organization that focuses its lending and other services on businesses and consumers in the local market area. Independent and community-oriented, Exchange Bank was founded in 1890 and offers a broad range of commercial banking, retail banking and trust and investment services throughout Sonoma County. www.exchangebank.com.

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October 19, 2016

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Announces Third Quarter Earnings Increase 5%

Today Exchange Bank announced results for the third quarter of 2016 with a profit after tax of $5.4 million, compared to $5.1 million in the third quarter of 2015. This represents an increase of $257 thousand or a 5% increase compared to the same period a year ago. “The increase in earnings for the third quarter is a significant accomplishment in this low rate environment that is posing a challenge to the entire banking industry. The meaningful increases we have witnessed during this past year in both loan and deposit volumes, are a result of the hard work and dedication of our employees, as well as the continued loyalty of our clients and support from the communities we serve,” stated Gary Hartwick, President and CEO.  The Bank singled out strong loan activity and the continued expansion of the Bank’s Trust and Investment Management business as key contributors to the success in financial results.

The core earnings of the Bank are driven primarily by continued growth in loans which were funded by growth in deposits. Loan growth of $140 million or 11.3% during the 12 month period ending September 30, 2016 was funded by deposit growth of $127 million or 7.2%.This asset growth led to an increase in net interest income of approximately $900 thousand during the third quarter of 2016, a 5.3% increase over the similar quarter in 2015.

During the nine-months ending September 30, 2016, the Bank achieved net earnings of $16.05 million, compared to $15.9MM during the similar nine-month period in 2015. During the nine-months ending September 30, 2016 the Bank’s core earnings as measured by net interest income increased $3.3 million over the similar nine-month period in 2015, an increase of 6.6%. Net earnings for the Bank rose by $144 thousand or approximately 1% year-over-year as this increase in net interest income was largely offset by the decline in the recapture of provision for loan loss which fell from $3.2 million for the nine-months ending September 30, 2015 to $900 thousand during the similar nine-month period ending September 30, 2016.

Exchange Bank paid a quarterly cash dividend of $0.70 per share on common stock outstanding to shareholders on September 16, 2016. 51% of the cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

# # #

About Exchange Bank – Exchange Bank is a community banking organization that focuses its lending and other services on businesses and consumers in the local market area. Independent and community-oriented, Exchange Bank was founded in 1890 and offers a broad range of commercial banking, retail banking and trust and investment services throughout Sonoma County. www.exchangebank.com.

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August 23, 2016

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Declares Increase to Quarterly Cash Dividend – 8.23.16

Santa Rosa, CA. On August 16, 2016 Exchange Bank declared a quarterly cash dividend of $0.70 per share on common stock outstanding to shareholders of record at the close of business on September 2, 2016. The dividend is payable September 16, 2016. The cash dividend while unchanged from the prior quarter at $.70 per share, has increased from $.55 per share during the similar quarter ending September 30, 2015, an increase of approximately 27%.

51% of the Bank’s cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

# # #

About Exchange Bank – Exchange Bank is a community banking organization that focuses its lending and other services on businesses and consumers in the local market area. Independent and community-oriented, Exchange Bank was founded in 1890 and offers a broad range of commercial banking, retail banking and trust and investment services throughout Sonoma County. www.exchangebank.com.

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July 22, 2016

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Announces Second Quarter Earnings – 7.22.16 

Santa Rosa, CA. Today, Exchange Bank announced results for the second quarter of 2016 with a profit after tax of $5.46 million, compared to $5.63 million in the second quarter of 2015. This represents a decrease of $173 thousand or a 3% decline compared to the same period a year ago. “The decline in earnings for the second quarter does not tell the true story of strength in core earnings. Absent a decline in non-recurring income in the form of reversal of provision for loan loss, which fell from $2.5 million in the second quarter of 2015 to a recovery of $400 thousand during the second quarter of 2016, core earnings would have demonstrated continued improvement”, stated Gary Hartwick, President and CEO. As a result of the significant improvement in our credit quality and the recovery of loans previously charged off, $2.5 million in provision for loan losses was reversed during the second quarter of 2015 compared to a recovery of loans previously charged off of just $400 thousand during the second quarter of 2016. The Bank’s level of reserves to support future loan losses remains robust in comparison to industry standards and is supported by the Bank’s strong asset quality.

The core earnings of the Bank, absent the non-recurring elements of income and expense, are driven primarily by continued growth in loans which were funded by growth in deposits. Loan growth of $113 million or 9.3% during the 12 months ending June 30, 2016 was funded by deposit growth of $105 million or 6.1%.This asset growth led to an increase in net interest income of approximately $800 thousand during the second quarter of 2016, a 4.7% increase over the similar quarter in 2015.

During the six-months ending June 30, 2016, the Bank achieved net earnings of $10.66 million, compared to $10.77MM during the similar six-month period in 2015. During the six-months ending June 30, 2016 the Bank’s core earnings as measured by net interest income increased $2.1 million over the similar six-month period in 2015, an increase of 6.3%. Earnings were generally flat year-over-year as this increase in net interest income was offset by the decline in the recapture of provision for loan loss which fell from $2.9 million for the six-months ending June 30, 2015 to $900 thousand during the similar six month period ending June 30, 2016.

“Given the headwinds created by a slowing global economy and Treasury yields that have fallen recently to all-time lows, we are pleased with the results of the Bank. The ability to fund the credit needs of the communities we serve with net loan growth of $113 million is both the result of the dedication and hard work of our employees as well as the confidence the community places in Exchange Bank”, stated Mr. Hartwick. “The challenges of operating in this historically low interest rate environment will be a difficult hurdle to overcome as we attempt to continue growing the Bank’s earnings in future periods”, said Greg Jahn Executive Vice President and CFO.

Exchange Bank paid a quarterly cash dividend of $0.70 per share on common stock outstanding to shareholders on June 17, 2016. 51% of the cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

# # #

About Exchange Bank – Exchange Bank is a community banking organization that focuses its lending and other services on businesses and consumers in the local market area. Independent and community-oriented, Exchange Bank was founded in 1890 and offers a broad range of commercial banking, retail banking and trust and investment services throughout Sonoma County. www.exchangebank.com.

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May 19, 2016

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Declares Increase to Quarterly Cash Dividend – 5.19.16 

On February 18, 2016 Exchange Bank declared a quarterly cash dividend of $0.70 per share on common stock outstanding to shareholders of record at the close of business on June 03, 2016. The dividend is payable June 17, 2016. The cash dividend was increased $0.05 per share or 7.7% above the previous quarterly dividend of $0.65 per share.

Exchange Bank President and CEO, Gary Hartwick, stated, “The Board’s action was based upon the continuation of solid financial results of the Bank and the Board’s outlook that future financial performance will continue to support this healthy level of dividend on a sustainable basis. Our success is a result of the support of our clients and community, as well as the work of our dedicated employees.”

51% of the Bank’s cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

# # #

About Exchange Bank – Exchange Bank is a community banking organization that focuses its lending and other services on businesses and consumers in the local market area. Independent and community-oriented, Exchange Bank was founded in 1890 and offers a broad range of commercial banking, retail banking and trust and investment services throughout Sonoma County. www.exchangebank.com.

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April 21, 2016

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Announces First Quarter Earnings – 4.21.16

Today Exchange Bank announced results for the first quarter of 2016 with a profit after tax of $5.21 million, compared to $5.13 million in the first quarter of 2015. This represents an increase of $77 thousand or 1.5% over the same period a year ago.

The strength in earnings was driven primarily by continued growth in loans and deposits, leading to an increase in net interest income of approximately $1.3 million during the first quarter of 2016, an 8% increase over the similar quarter in 2015. Loans grew by approximately $60 million over the 12 months ending March 31, 2016, an increase of 5%. Deposits increased by approximately $140 million over totals reported as of March 31, 2015, an increase of 8.5%. “The Bank remains committed to funding the growth of our community by meeting the needs of small business and consumers, as our local economy continues to move forward in a relatively positive manner despite the turbulence of the global economy and uncertainties presented by future Fed policy as well as the future political landscape”, stated Gary Hartwick, President and CEO.

During the first quarter of 2016, $500 thousand of provision for loan loss reserves was taken back into income due to the recovery of loans that had been previously charged off. This compares to a recapture into the provision for loan losses of $400 thousand for the similar quarter ending March 31, 2015. The Bank did not make any provision for losses on loans during the first quarter of 2016 or 2015. The Bank’s level of reserves to support future loan losses remains strong in comparison to industry standards and is further supported by reductions in problem assets and the ongoing decline in net loan charge-offs.

The Bank’s gains in net interest income and recapture of provision for loan loss were largely offset by declines in non-interest income resulting primarily from a reduction in gains on sale of Small Business Administration (SBA) loans. “While this was another solid quarter of financial performance, given the headwinds to the Bank’s net interest margin as a result of the recent decline in interest rates, and uncertainty of future loan loss recoveries, it may be difficult to achieve this level of performance in future periods”, said Greg Jahn Vice President and CFO.

Exchange Bank paid a quarterly cash dividend of $0.65 per share on common stock outstanding to shareholders on March 18, 2016. 51% of the cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

# # #

About Exchange Bank – Exchange Bank is a community banking organization that focuses its lending and other services on businesses and consumers in the local market area. Independent and community-oriented, Exchange Bank was founded in 1890 and offers a broad range of commercial banking, retail banking and trust and investment services throughout Sonoma County. www.exchangebank.com.

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February 22, 2016

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Declares $0.65 Quarterly Cash Dividend

On February 18, 2016 Exchange Bank declared a quarterly cash dividend of $0.65 per share on common stock outstanding to shareholders of record at the close of business on March 4, 2016. The dividend is payable March 18, 2016. The cash dividend was increased $0.05 per share or 8% above the previous quarterly dividend of $0.60 per share.

Exchange Bank President and CEO, Gary Hartwick, stated that “We are grateful for the support of the community whose patronage continues to provide robust deposit and loan growth, the primary drivers of the Bank’s core earnings. The decision to increase the dividend represents the Boards’ confidence in the Bank to continue this trend of sound financial performance.

51% of the Bank’s cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

# # #

About Exchange Bank – Exchange Bank is a community banking organization that focuses its lending and other services on businesses and consumers in the local market area. Independent and community-oriented, Exchange Bank was founded in 1890 and offers a broad range of commercial banking, retail banking and trust and investment services throughout Sonoma County. www.exchangebank.com.

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January 29, 2016

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Announces Fourth Quarter and Year Ending 2015 Earnings

Exchange Bank reported net income of $5.1 million in the fourth quarter of 2015, compared to $4.6 million for the same period in 2014, an increase of 12.5%. Net income for the year ending December 31, 2015, totaled $21.0 million, compared to $17.7 million a year ago, an increase of 18.6%. “2015 proved to be another year of significant improvement in the financial results and overall condition of the Bank”, stated Gary Hartwick, President and CEO.

This year’s profitability was influenced by a number of nonrecurring events, which impacted both revenue and expense. As a result of the significant improvement in the Bank’s credit quality, demonstrated by the $3.4 million in net recoveries of loans previously charged off, $3.2 million in provision for loan losses was reversed during the year. The Bank’s level of reserves available to support potential future loan losses remains strong in comparison to industry peers and is supported by the continued improvement in asset quality. The difference between nonrecurring income as a result of the reversal of provision for loan loss, after tax, provided a positive effect of approximately $2.0 million to the Bank’s net earnings for the year. Normalized core earnings for the Bank after removing all nonrecurring events would have been approximately $19.0 million, an increase of 7% over the $17.7 million earned for the year ending 2014. “We are proud of the Bank’s continued level of profitability, notwithstanding the impact the unusual level of positive, nonrecurring events had on our earnings. However, due to the recent economic headwinds and the continued pressure on our net interest margin, it will be difficult to replicate the level of earnings achieved in 2015”, stated Greg Jahn, Executive Vice President and CFO.

The core earnings of the Bank were driven primarily by continued growth in loans and investments, which were funded by a ten percent growth in deposits. This asset growth led to an increase in net interest income of approximately $3.7 million for the year ending December 31, 2015, a 9% increase over the similar year ending December 31, 2014. The Bank continued to witness meaningful growth in both loans and deposits during the 12 months ending December 31, 2015. Loans grew by approximately $57 million and investment securities by $58 million, funded by growth in deposits of approximately $170 million over totals reported as of December 31, 2014. Net loan growth of $58 million belies the true level of financing provided to the community in the form of consumer and business lending. Strong, new loan production for the year totaling in excess of $300 million was impacted by significant loan payoffs from our existing customer base reflecting the improvement in the financial condition of our borrowers and the local economy. The Bank’s credit quality remains strong with non-accrual loans declining to 0.35% of total loans at December 31, 2015, from 0.94% of total loans a year ago. As a result of the significant improvement in asset quality, and net loan recoveries, the Bank did not make any provision for loan losses in 2015, while maintaining a strong ratio of loan loss reserves to total loans of 2.96%. “The Bank is grateful for the confidence our community has demonstrated in the Bank by its patronage and we intend to reward that confidence by continuing to invest our resources in the financing needs of consumers and small business, which fuel the economic prosperity of the communities we serve”, stated Mr. Hartwick.

Exchange Bank paid a quarterly cash dividend of $0.60 per share on common stock outstanding to shareholders on December 11, 2015. Total dividends paid to Exchange Bank common shareholders during 2015 were $3.77 million and represented an increase of approximately 42% above total dividends of $2.66 million paid to common shareholders during 2014. The Doyle Trust, which funds the Doyle Scholarships at the Santa Rosa Junior College, receives 51% of all cash dividends paid by the Bank.

# # #

About Exchange Bank – Exchange Bank is headquartered in Santa Rosa and has $1.9 billion in assets. Founded in 1890, Exchange Bank provides a wide range of personal, commercial and Trust and Investment services with 18 branches and three commercial and SBA lending offices in Roseville, San Jose and Lafayette, California. www.exchangebank.com.

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November 19, 2015

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Declares $0.60 Quarterly Cash Dividend

On November 17, 2015, Exchange Bank declared a quarterly cash dividend of $0.60 per share on common stock outstanding to shareholders of record at the close of business on November 27, 2015. The dividend is payable December 11, 2015. The cash dividend of $0.60 per share represents an increase of $.05 over the previous quarterly dividend paid on September 18, 2015. However, over the past year the dividend has increased by 33%, rising from $0.45 per share per quarter in December of 2014 to the current dividend rate of $0.60 per share per quarter.

Exchange Bank President and CEO, Gary Hartwick, stated that “the dividend payout of $0.60 per share per quarter or $2.40 annually, approved by the Board of Directors, is a strong message from the Board, indicating the Board’s confidence in the Bank and the Bank’s ability to continue the trend of delivering a strong and sustainable level of core earnings.”

51% of the Bank’s cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

# # #

About Exchange Bank – Exchange Bank is a community banking organization that focuses its lending and other services on businesses and consumers in the local market area. Independent and community-oriented, Exchange Bank was founded in 1890 and offers a broad range of commercial banking, retail banking and trust and investment services throughout Sonoma County. www.exchangebank.com.

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October 22, 2015

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Announces Third Quarter Earning

Today Exchange Bank announced results for the third quarter of 2015 with a net profit after tax of $5.14 million, compared to $4.56 million in the third quarter of 2014. This represents an increase of $582 thousand or 13% over the same period a year ago. “The 2015 third quarter earnings for the most part reflect core earnings – that is earnings that are materially free of non‑recurring events. Core earnings represent the expansion of the Bank’s net interest income as well as a focus on controlling operating expenses”, said Greg Jahn, Executive Vice President and CFO. The Bank’s earnings are tied to the continued economic expansion of the communities in which we serve. The growth in net interest income is a result of loan growth of approximately $73 million over the similar period in 2014 funded by deposit growth, which is up approximately $180 million or 11% over the previous 12-months. “Growth in deposits is an indication of the confidence our customers have in Exchange Bank and we remain grateful for the support of our community”, stated Gary Hartwick, President and CEO.

The singular element of non‑recurring revenue during the quarter was a recapture of $300 thousand of provision for loan loss. “The reversal of provision for loan loss during the third quarter was the result of the continued improvement in the credit quality of the Bank’s loan portfolio and the recovery of loans that had been previously charged off” said Mr. Jahn. The Bank’s level of reserves to support future loan losses remains strong in comparison to industry standards and is supported by the continued improvement in asset quality. The recapture of provision for loan loss of $300K during the third quarter of 2015 was for the most part offset by additional expenses to more conservatively reflect the value of long‑term employee benefit plans. The decline in operating expenses of approximately $500 thousand for the quarter ending September 30, 2015, compared to the similar quarter ending 2014, was a result of lower incentive and employee benefit accruals recorded in 2015.  

 “The Bank is proud to be a partner in the economic growth and vitality of the communities we serve and we will continue to be responsive to the financing needs of the consumers and small businesses necessary to continue moving economic growth forward”, stated Mr. Hartwick.

Exchange Bank paid a quarterly cash dividend of $0.55 per share on common stock outstanding to shareholders on September 18, 2015. 51% of the cash dividend goes to the Doyle Trust, which funds the Doyle Scholarships at the Santa Rosa Junior College.

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

# # #

About Exchange Bank – Exchange Bank is a community banking organization that focuses its lending and other services on businesses and consumers in the local market area. Independent and community-oriented, Exchange Bank was founded in 1890 and offers a broad range of commercial banking, retail banking and trust and investment services throughout Sonoma County. www.exchangebank.com.

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September 17, 2015

Contact: Sally Traughber
(707) 521-5189

Jenna Brackett Joins Exchange Bank as AVP, SBA Business Development Officer

Jenna is responsible for providing SBA 504 and 7(a) loans to small-and medium-sized businesses in Roseville and the greater Sacramento area.

Jenna has over 10 years of banking experience. She was a Vice President, serving in multiple roles for Wells Fargo and JPMorgan Chase Bank, NA. Most recently, she covered 7 states as a National Account Executive in Business Development for Alliant Credit Union. Jenna is an active member of the Sacramento community and currently resides in Citrus Heights, CA.

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September 14, 2015

Contact: Howard Daulton
(707) 524-3067

Sequoia Pacific Mortgage Company

Exchange Bank is pleased to announce that Dennis Harter, President and Founder of Sequoia Pacific Mortgage Company, Inc. and his team of mortgage professionals will join Exchange Bank’s Residential Mortgage group effective October 5, 2015. Mr. Harter will assume the role of VP-Residential Mortgage Manager overseeing Sales, Processing and Operations for the existing Exchange Bank Residential Mortgage department. As noted by Gary Hartwick, President and CEO, Exchange Bank, “We feel very fortunate to have Dennis join Exchange Bank. This is a wonderful opportunity for Exchange Bank to welcome Dennis and his staff to our team of professionals. Dennis is an individual of exceptional professionalism within the Sonoma County mortgage industry in addition to all of the contributions he has made to the community at large. We are looking forward to adding his expertise and solid reputation to our growing mortgage business.”

Joining Mr. Harter in the move to Exchange Bank is Lori Mauchley as Residential Real Estate Operations Manager, Tracy Kline, Mortgage Representative and Keri Simpson Janes, Administrative Assistant. Dennis and his team bring with them years of expertise in real estate lending including Government Lending programs such as FHA, VA and the Home Equity Conversion Mortgage (Reverse Mortgage). The addition of these products to the Bank’s current loan programs will meet the real estate lending needs of Exchange Bank’s customers.

“I share the values that have made Exchange Bank the number one Community Bank in Sonoma County and an industry model for excellence in consumer experience,” said Mr. Harter. “I am honored to be joining this long-standing financial institution. I hope to leverage my 29 years of experience in the local mortgage industry to further expand on the growth and success of the Residential Mortgage group at Exchange Bank.”

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September 14, 2015

Contact: Sally Traughber
(707) 521-5189

Exchange Bank Donates $10,000 to the American Red Cross

Exchange Bank announced today that it will donate $10,000 to the American Red Cross to support relief efforts as wildfires sweep through Lake County. The donation will be distributed to organizations that will help make the greatest progress in stopping the fire and supporting those who are directly impacted by it.

“Many of our customers and employees have been directly affected by the fire and we extend our appreciation to the brave men and women firefighters who are fighting it.” said Gary Hartwick, President and CEO of Exchange Bank.

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September 10, 2015

Contact: Sally Traughber
(707) 521-5189

Tim O’Connor Joins Exchange Bank as a Vice President and Branch Manager

In this role, Tim is responsible for the overall operations, customer service, performance and profitability of the branch, as well as community outreach activities. Tim has more than 10 years of banking experience and joins Exchange Bank most recently from Chase Bank in Petaluma, where he was Branch Manager. Tim will be based at Exchange Bank’s, Branch of the Future in Windsor. The branch is located at 8700 Lakewood Drive – Windsor, CA 95492.

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August 19, 2015

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Declares $0.55 Quarterly Cash Dividend

On August 18, 2015, Exchange Bank declared a quarterly cash dividend of $0.55 per share on common stock outstanding to shareholders of record at the close of business on September 4, 2015. The dividend is payable September 18, 2015. The cash dividend of $0.55 per share is unchanged from the previous quarterly dividend paid on June 19, 2015. However, over the past year the dividend has increased by 38%, rising from $0.40 per share per quarter in September of 2014 to the current dividend rate of $0.55 per share per quarter.

Exchange Bank President and CEO, Gary Hartwick, stated that “the dividend payout of $0.55 per share per quarter or $2.20 annually, approved by the Board of Directors, continues to demonstrate the Board’s confidence in the operating results of the Bank and the Bank’s ability to continue the trend of delivering a strong and sustainable level of core earnings.”

51% of the Bank’s cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

# # #

About Exchange Bank – Exchange Bank is a community banking organization that focuses its lending and other services on businesses and consumers in the local market area. Independent and community-oriented, Exchange Bank was founded in 1890 and offers a broad range of commercial banking, retail banking and trust and investment services throughout Sonoma County. www.exchangebank.com.

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July 30, 2015

Contact: Sally Traughber
(707) 521-5189

Ann Hudson to Head Exchange Bank’s Retail Banking Group

Exchange Bank, a community Bank since 1890, has named Ann Hudson to head its Retail Banking Group. Hudson was promoted to Senior Vice President and is the newest addition to the executive team.

Hudson will lead Exchange Bank’s sales and business development efforts. With 1.9 billion in assets, Exchange Bank consists of 19 retail branches, commercial lending offices and a full service Trust and Investment department. Hudson joined Exchange Bank in 2014 as Vice President and Director of our Learning and Development department.

Prior to Exchange Bank, Hudson held a variety of positions at other financial institutions, most recently at Chase and Washington Mutual Bank. Hudson has over 20 years of experience in retail banking, mortgage and consumer lending, product sales, marketing, sales leadership and talent development.

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July 22, 2015

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Announces Second Quarter Earnings

Today Exchange Bank announced results for the second quarter of 2015 with a profit after tax of $5.63 million, compared to $4.54 million in the second quarter of 2014. This represents an increase of $1.09 million or 24% over the same period a year ago. “Our earnings for the second quarter were strong as the underlying core earnings of the Bank reflect the continued improvement in Sonoma County’s economy”, stated Gary Hartwick, President and CEO.

This quarter’s profitability was influenced by a number of nonrecurring events which impacted both revenue and expense. As a result of the significant improvement in our credit quality and the recovery of loans previously charged off, $2.5 million in provision for loan losses was reversed during the second quarter. The Bank’s level of reserves to support future loan losses remains strong in comparison to industry standards and is supported by the continued improvement in asset quality. Offsetting this unexpected revenue, the Bank recognized a number of nonrecurring expenses totaling approximately $1.3MM relating to retirement benefits and the reduction of outstanding debt, which over the longer-term should both strengthen the balance sheet and increase the Bank’s earnings potential. The difference between nonrecurring income and expense of $1.2MM is reduced by approximately $.5MM after the effect of income taxes, providing a net positive adjustment of approximately $.7MM to the Bank’s net earnings for the quarter. Normalized core earnings for the bank after removing all nonrecurring events would have been approximately $4.9MM, an increase of approximately 6% over the $4.54MM earned in the second quarter of 2014. “We are proud of the Bank’s continued level of profitability, notwithstanding the impact on the Bank’s second quarter earnings of several large nonrecurring events”, stated Mr. Hartwick.

The core earnings of the Bank, absent the non-recurring elements of income and expense, are driven primarily by continued growth in loans and investments which were funded by a ten percent growth in deposits. This asset growth led to an increase in net interest income of approximately $1.5 million during the second quarter of 2015, a 9% increase over the similar quarter in 2014. The Bank continued to witness meaningful growth in both loans and deposits during the 12 months ending June 30, 2015. Loans grew by approximately $41 million and investment securities by $69 million, funded by growth in deposits of approximately $153 million over totals reported as of June 30, 2014. “The Bank is grateful for the confidence our community has demonstrated in the Bank by its patronage and we intend to reward that confidence by continuing to invest our resources in the financing needs of consumers and small business which fuel the economic prosperity of the communities we serve”, stated Mr. Hartwick.

Exchange Bank paid a quarterly cash dividend of $0.55 per share on common stock outstanding to shareholders on June 19, 2015. 51% of the cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

# # #

About Exchange Bank – Exchange Bank is a community banking organization that focuses its lending and other services on businesses and consumers in the local market area. Independent and community-oriented, Exchange Bank was founded in 1890 and offers a broad range of commercial banking, retail banking and trust and investment services throughout Sonoma County. www.exchangebank.com.

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June 15, 2015

Contact: Sally Traughber
(707) 521-5189

Bill Sullivan Has Joined Exchange Bank’s Trust and Investment Group

Exchange Bank is pleased to announce that Bill Sullivan has joined its Trust and Investment Group as a Vice President and Investment Officer.  Bill has more than 30 years of portfolio management and fee-only fiduciary investment management experience with Bank of Marin and Charles Schwab & Co.  Bill will work with the Exchange Bank’s trust and investment management agency clients to provide portfolio goal setting, risk management, and asset allocation for the accumulation, preservation, and distribution of their wealth. Bill is a long time resident of Petaluma and has a history of community involvement in Sonoma County.  Bill joins a team of twenty individuals in the Trust and Investment Management Group who are responsible for over 1,200 accounts and $1 billion in assets under administration.

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September 17, 2015

Contact: Sally Traughber
(707) 521-5189

Craig Bainbridge Joins Exchange Bank as SVP, Product and Delivery Manger

Bainbridge will oversee the Marketing, Product and Electronic delivery channels for the bank.

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May 21, 2015

Contact: Greg Jahn, EVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Declares Increase to Quarterly Cash Dividend

On May 19, 2015 Exchange Bank declared a quarterly cash dividend of $0.55 per share on common stock outstanding to shareholders of record at the close of business on June 5, 2015. The dividend is payable June 19, 2015. The cash dividend was increased $0.05 per share or 9% since the last quarterly cash dividend.

Exchange Bank President and CEO, Gary Hartwick, stated that “the dividend increase to $.55 per share per quarter or $2.20 annually, approved by the Board of Directors, reflected the Board’s confidence in the sustainability of the Bank’s strong earnings stream.

51% of the Bank’s cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

# # #

About Exchange Bank – Exchange Bank is a community banking organization that focuses its lending and other services on businesses and consumers in the local market area. Independent and community-oriented, Exchange Bank was founded in 1890 and offers a broad range of commercial banking, retail banking and trust and investment services throughout Sonoma County. www.exchangebank.com.

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Wednesday, May 6, 2015

Contact: Sally Traughber
(707) 521-5189

On Wednesday, May 6, 2015, Exchange Bank was proud to present a check for $111,193.84 to the United Way of the Wine Country.

On hand for Wednesday’s check presentation was Exchange Bank’s President and CEO, Gary Hartwick, Beth Ryan, Vice President, Retail Banking, and a group of Exchange Bank employees. The check was presented to United Way representatives Mike Kallhoff, President and CEO, and Mary Bigelow, Resource Development Officer.

The monies donated were through the generosity of Exchange Bank employees coupled with a corporate gift during the Bank’s annual United Way fundraiser campaign. Exchange Bank has been donating to United Way for over 25 years.

“Giving back to our community is part of our culture,” said Gary Hartwick, President and CEO. In addition to the United Way, Exchange Bank gives well over $500,000.00 annually to local non-profits within the communities we live and serve.

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April 29, 2015

Contact: Sally Traughber
(707) 521-5189

Exchange Bank Celebrates 125th Anniversary of the Bank’s Founding

Founded in 1890 as a community bank, Exchange Bank will celebrate the 125-year anniversary of the founding of the Bank on May 1, 2015.

“The 125-year anniversary of the founding of the Bank is quite a milestone,” said Bill Schrader, chairman of the board of directors for Exchange Bank. “Throughout our 125 year history, the Bank has endured and survived the great depression, numerous wars, and most recently, the economic downfall of 2008. Along the way, this Bank has truly been influential in developing this special community with its steady contribution of its time, talent and treasury. More than anything, it is a true testament to the great men and women who have been a part of this organization before us and those with us today. I believe we are proudly upholding the same core values our founders, Manville and Frank Doyle, instilled in us125 years ago. That is, keeping this Bank independent, a leader of positive economic change, and a passionate provider of support to our neighbors, and local organizations in need.”

Exchange Bank was founded 125 years ago in Santa Rosa, California. The legacy began with its founder, Manville Doyle and his son, Frank Doyle. Manville served as president until his death in 1916, upon which Frank Doyle took over the presidency until his death in 1948. Frank Doyle, a true visionary, was instrumental in procuring financing and support for the building of the Golden Gate Bridge. Known as the “Father of the Golden Bridge”, Frank Doyle was honored for his efforts by being the first person to cross the span, upon its opening in 1937, in a private vehicle.
Frank and his wife Polly Doyle placed their shares of Exchange Bank common stock, a controlling interest of 50.4%, into a perpetual trust and the dividends fund the Frank P. Doyle and Polly O’Meara Doyle Scholarship fund for assistance to worthy young men and women attending Santa Rosa Junior College. The Doyle Trust has proven to be one of the most remarkable planned gifts in the history of American community colleges and has provided over 120,000 SRJC students with scholarships, totaling $80 million dollars.
Exchange Bank is a full-service financial institution offering the same sophisticated range of products and services found in large financial institutions, including a comprehensive trust and investment services division. Since its founding in 1890, the Bank has grown from a single branch into an institution with over $1.8 billion in assets, 18 offices across Sonoma County, and commercial lending offices in Roseville, Lafayette and San Jose, CA.

“The success of Exchange Bank is rooted in our community. As we celebrate and reflect on the past 125 years, our legacy and commitment to the community resides in assisting our customers with their financial needs – whether financing a new home, planning for the future, or helping local businesses and organizations. As community bankers, we will continue this mission by offering comprehensive financial services to individuals and businesses. Our legacy of a strong commitment to the community continues to be an important part of our business philosophy. We do this with an emphasis on making this a better place to live and work,” said Gary Hartwick, President and Chief Executive Officer.

We want to celebrate this milestone with all our customers and the communities we serve. In celebration of the anniversary, Exchange Bank customers are invited to stop by any Exchange Bank branch for anniversary cake on May 1st.

Exchange Bank’s employees strive every day to fulfill the Bank’s motto, “Invested in you”.

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February 19, 2015

Contact: Greg Jahn, SVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Declares Increase to Quarterly Cash Dividend

On February 18, 2015 Exchange Bank declared a quarterly cash dividend of $0.50 per share on common stock outstanding to shareholders of record at the close of business on March 6, 2015. The dividend is payable March 20, 2015. The cash dividend was increased $0.05 per share or 11% since the last quarterly cash dividend.

Exchange Bank President and CEO, Gary Hartwick, stated that “the dividend increase to $.50 per share per quarter or $2.00 annually, approved by the Board of Directors, reflected the Board’s confidence in the sustainability of the Bank’s strong earnings stream.

51% of the Bank’s cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

# # #

About Exchange Bank – Exchange Bank is a community banking organization that focuses its lending and other services on businesses and consumers in the local market area. Independent and community-oriented, Exchange Bank was founded in 1890 and offers a broad range of commercial banking, retail banking and trust and investment services throughout Sonoma County. www.exchangebank.com.

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February 10, 2015

Contact: Brad Hunter,
(707) 524-3392

Exchange Bank Announces Earnings for 2014

Exchange Bank reported net income of $17.7 million for the year ending December 31, 2014, which compares to $15.7 million for the year ending December 31, 2013, an increase of 12.74%. The Bank reported net income of $4.54 million for the fourth quarter of 2014, compared to $4.29 million for the same period in 2013, an increase of 5.8%. “2014 proved to be another year of significant improvement in the financial results and overall condition of the Bank,” states Gary Hartwick, President and Chief Executive Officer of Exchange Bank.

The Bank continues to have excellent growth in both loans and deposits. Total gross loans increased $91 million, or 8%, to $1.222 billion as of December 31, 2014. Deposits totaled $1.668 billion at December 31, 2014, an increase of $91 million, a 6% increase over year-end 2013.

“We are proud of the financial performance achieved by the Bank in 2014 given the continued headwind of an extraordinarily low interest rate environment. The Bank’s core earnings continue to show solid improvement as a result of an increase in net interest income driven by our loan growth”, states Hartwick.

For the year ending December 31, 2014, net interest income totaled $63.5 million, compared to $59.5 million in the prior year, an increase of 6.7%. The increase in net interest income is directly attributable to the increase in the Bank’s loan portfolio.

The Bank’s credit quality significantly improved during 2014. Non-accrual loans decreased to $12.0 million, or 1.0% of total loans at December 31, 2014, from $29.7 million, or 2.63% of total loans at December 31, 2013. As a result of the significant improvement in asset quality, and zero net loan losses, the Bank did not make any provision for loan losses in 2014, while maintaining a relatively high ratio of loan loss reserves to total loans of 3.08%.

The Bank’s margin expanded in 2014 despite the impact of a continued low interest rate environment. “Contributing to this expansion in margin has been the redeployment of very liquid and low yielding investments into higher yielding loans,” states Greg Jahn, Chief Financial Officer of Exchange Bank.

Exchange Bank paid a quarterly cash dividend of $0.45 per share on common stock outstanding to shareholders on December 12, 2014. Fifty-one percent of the cash dividend goes to the Doyle Trust, which funds the Doyle Scholarship at the Santa Rosa Junior College.

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

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November 19, 2014

Contact: Greg Jahn, SVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Declares Increase to Quarterly Cash Dividend

On November 18, 2014 Exchange Bank declared a quarterly cash dividend of $0.45 per share on common stock outstanding to shareholders of record at the close of business on November 28, 2014. The dividend is payable December 12, 2014. The cash dividend was increased $0.05 per share or 12% since the last quarterly cash dividend.

Exchange Bank President and CEO, Gary Hartwick, stated that “the dividend increase to $.45 per share per quarter or $1.80 annually, approved by the Board of Directors, reflected the Board’s confidence in the sustainability of the Bank’s earnings and improving economic environment.

51% of the Bank’s cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

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October 21, 2014

Exchange Bank Announces Third Quarter Earnings

On August 19, 2014 Exchange Bank declared a quarterly cash dividend of $0.40 per share on common stock outstanding to shareholders of record at the close of business on September 5, 2014. The dividend is payable September 19, 2014. The cash dividend was increased $0.05 per share or 14% since the last quarterly cash dividend paid on June 18th 2014.

51% of the Bank’s cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

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August 20, 2014

Contact: Greg Jahn, SVP, Chief Financial Officer
(707) 524-3218

Exchange Bank Declares Increase to Quarterly Cash Dividend

Exchange Bank reported net income of $4.56 million for the third quarter of 2014, compared to $4.4 million for the same period in 2013. This represents an increase of $146 thousand or 3%. The Bank’s net income for the nine months ending September 30, 2014, totaled $13.2 million, compared to $11.4 million in the same period a year ago, an increase of $1.7 million or 15%. “We are pleased with the level of profitability, and our strong performance was driven by new loan and deposit growth. I want to thank our loyal customers and dedicated employees,” states Gary Hartwick, President and Chief Executive Officer of Exchange Bank.

The Bank continues to have steady growth in both loans and deposits. Total gross loans increased $87.1 million, or 8%, over the similar quarter ending September 30, 2013, to $1.171 billion as of September 30, 2014. Deposits totaled $1.592 billion at September 30, 2014, an increase of $61 million, or 4% over the same quarter a year ago.

“The Bank’s core earnings continue to improve as demonstrated by an increase in net interest income, driven by the loan growth year over year”, states Hartwick.

For the nine months ending September 30, 2014, net interest income totaled $47.7 million, compared to $44.4 million in the prior year, an increase of $3.3 million or 7%. The increase in net interest income is directly attributable to the increase in the Bank’s loan portfolio.

Pre-tax income for the nine months ending September 30, 2014, totaled $21.4 million, an increase of $4.3million or 25% over the $17.1 million of pre-tax earnings for the similar period ending September 30, 2013.

The Bank’s credit quality continued to improve, as non-accrual loans declined from 2.63% of total assets as of December 31, 2013 to 1.13% of total loans at September 30, 2014. As a result of the steadily improving asset quality, the Bank did not make any provision for loan losses for the first nine months of 2014, while maintaining a relatively high ratio of loan loss reserves to total loans of $3.21%.

Exchange Bank paid a quarterly cash dividend of $0.40 per share on common stock outstanding to shareholders on September 19, 2014. Fifty-one percent of the cash dividend goes to the Doyle Trust, which funds the Doyle Scholarships at the Santa Rosa Junior College.

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

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July 17, 2014

Exchange Bank Announces Second Quarter Earnings

Exchange Bank reported net income of $4.5 million for the second quarter of 2014 compared to $3.8 million for the same period in 2013. This represents an increase of $732 thousand or 19%. The Bank’s net income for the first six months ending June 30, 2014 totaled $8.6 million compared to $7 million in the same period a year ago. “I am pleased with our operating results and grateful that our performance is due to our loyal customers and the exceptional work of our dedicated employees”, states Gary Hartwick, President and Chief Executive Officer of Exchange Bank.

The Bank continues to have steady growth in both loans and deposits. Total gross loans increased $111 million, or 10.5%, from the prior year quarter end to $1.172 billion as of June 30, 2014. Deposits totaled $1.576 billion at June 30, 2014, an increase of $90 million, or 6%, over a year ago.

“The Bank’s core earnings continue to improve as demonstrated by the increase in net interest income, driven by loan growth year over year of 10.5%”, states Hartwick.

For the six months ending June 30, 2014, net interest income totaled $31 million compared to $29.3 million in the prior year, an increase of $1.7 million or 6%. The increase from the same period a year ago is directly attributable to the increase in the Bank’s loan portfolio.

Net income before income taxes for the six months ending June 30, 2014 totaled $13.9 million compared to $10.8 million at June 30, 2013, an increase of $3.1 million or 29%.

Credit quality continued to improve with non accrual loans representing 1.75% of total loans at June 30, 2014, down from 2.63% at year end and 3.36% at June 30, 2013. As a result of the steadily improving asset quality, the Bank did not make any provision for loan losses for the first six months of 2014, while maintaining a relatively high ratio of loan loss reserves to total loans of 3.19%. The provision for loan losses was $2.25 million for the same period in 2013.

Exchange Bank paid a quarterly cash dividend of $0.35 per share on common stock outstanding to shareholders on June 20, 2014. Fifty one percent of the cash dividend goes to the Doyle Trust, which funds the Doyle Scholarships at the Santa Rosa Junior College.

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

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May 2nd, 2014


Contact: Sally Traughber
(707) 521-5189

Reinking Branch Dedication

On May 7th, Exchange Bank will officially dedicate and rename the Montgomery Village branch, the Reinking branch in honor of past Chairman of the Board, C. William (Bill) Reinking and his wife Mary Louise (M-L) Reinking.

Dedicating this building in honor of the Reinkings truly befits their 50- year contribution to Exchange Bank and the extraordinary contributions they have made to many non-profit organizations throughout Sonoma County.

The public is invited to attend the dedication:

  • May 7th, 2014
  • 10am – Ribbon Cutting
  • 2416 Montgomery Drive, Santa Rosa, CA 95405

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April 17th, 2014

Contact: Brad Hunter
(707) 524-3392

Exchange Bank Announces First Quarter Earnings

Today Exchange Bank announced results for the first quarter of 2014 with a profit after tax of $4.06 million, compared to $3.21 million in the first quarter of 2013. This represents an increase of $853 thousand or 26% over the same period a year ago.

The Bank had steady growth in both loans and deposits. Loans grew by $111 million and deposits increased by $107 million over the like period in 2013 or an increase of 11% and 7% respectively. “Growing the loan portfolio remains a key priority at the Bank, given our Loan to Deposit ratio of 72%”, stated Gary Hartwick, President and CEO.

As a result of strong loan growth and a rising interest rate environment, net interest income for the quarter expanded by $778 thousand to $15.4 million, an increase of 5% over the similar period ending March 31, 2013. The expansion of the Bank’s net interest margin and corresponding increase in net interest income represents the first significant year-over-year increase in several years and represents a return to the growth in the core earnings of the Bank.

The Bank did not make any provision for losses on loans in the first quarter of 2014. The provision for loan loss was $1.4 million in the first quarter of 2013. The decline in the loan loss provision is a reflection of steadily improving asset quality within the Bank’s Loan portfolio, and further supported by the ongoing decline in our net loan charge-offs.

Exchange Bank paid a quarterly cash dividend of $0.35 per share on common stock outstanding to shareholders on March 21, 2014. 51% of the cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa RosaJunior College.

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

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February 21, 2014

Contact: Sally J. Traughber
(707) 521-5189

Exchange Bank Declares Increase to Quarterly Cash Dividend

On February 19, 2014 Exchange Bank declared a quarterly cash dividend of $0.35 per share on common stock outstanding to shareholders of record at the close of business on March 7, 2014. The dividend is payable March 21, 2014. The cash dividend was increased $0.05 per share or 17% since the last quarterly cash dividend.

51% of the Bank’s cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

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January 30th, 2014

Contact: Brad Hunter
(707) 524-3392

Exchange Bank Announces Earnings for 2013

Exchange Bank today announced earnings of $15.7 million for the year ended December 31, 2013, a 28% increase as compared to $12.2 million for the year ended December 31, 2012. The improvement in earnings was attributable to reduced loan loss provisioning of $6.6 million in 2013 compared to 2012 and $86 million in loan growth and $117 million in deposit growth in 2013.

Exchange Bank ended the year with $1.1 billion in loans and $1.6 billion in deposits, up 8.2 and 8.0 percent respectively, over the prior year end. “We are pleased with our growth, and view it as an endorsement of the relevance and importance of local community banking,” said Bill Reinking, Chairman of the Board, in a statement.

The Bank had a $2.5 million loan loss provision expense in 2013, compared to $9.1 million in 2012. “We have been able to significantly reduce our loan loss provision as our loan quality and loan charge off experience has improved” stated Bill Schrader, President and Chief Executive. Net loan charge offs for 2013 were $1.2 million compared to $5.3 million in 2012.

The Bank’s capital ratios and liquidity strengthened during the course of the year, and are well in excess of regulatory requirements. At year-end the Bank’s Total Risked Based Capital Ratio was 14.42%. With improvement in earnings, increased capital levels, and reductions in non-performing loans the Bank was able retire $16 million in preferred shares in 2013.

Exchange Bank paid a quarterly cash dividend of $0.30 per share on common stock outstanding to shareholders on December 13, 2013. Of the total cash dividends paid during the year, on common shares, 51% goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

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January 21, 2014

Contact: Brad Hunter
(707) 524-3392

Exchange Bank Names Two New Board Members

Steve Dutton, a fifth generation Sonoma County farmer and life-long resident of Sebastopol has been named as a new board member at Exchange Bank. Steve, in partnership with Dan Goldfield own the Dutton-Goldfield Winery, and he and his brother Joe operate and own the Dutton Ranch Corp. and Dutton Brothers Farming in which they farm over 1,200 acres of grapes and 200 acres of organic apples. Steve’s grandfather, Warren Dutton, Sr. had previously served as the vice chairman of the board at Exchange Bank. Steve’s uncle, George Dutton, was formerly a vice president and branch manager at Exchange Bank.

Steve also serves as a director for the Sonoma County Harvest Fair, the Sonoma County Farm Bureau, and the Sonoma County Farm Trails.

Bruce DeCrona, was also named to the Exchange Bank board. Bruce is well known to the Bank having served as CFO and COO for 15 years at Exchange Bank prior to his retirement in early 2013. Bruce had previously served as a long term board member at the Wells Fargo Center for the Performing Arts.

“I’m delighted that these two talented individuals are joining our Board. Steve brings new insights on how we can serve our community and Bruce brings us a vast knowledge about banking and about our bank in particular”, said Bill Reinking, Chairman of the Board.

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October 17th, 2013


Contact: Brad Hunter
(707) 524-3392

Exchange Bank Announces Third Quarter Earnings

Today Exchange Bank announced results for the third quarter of 2013 with a profit after tax of $4.41 million. The earnings represent an increase of $1.2 million over net income of $3.21 million recognized during the similar quarter ending September 30, 2012. Deposits increased by $114 million and loans increased by $37 million as of September 30, 2013 when compared to September 30, 2012. Year to date the Bank’s profit after tax is $11.4 million, a 27% increase over the $8.9 million recorded in 2012.

Measured improvement in loan quality as evidenced by less loan charge-offs and strong loan recoveries have contributed significantly to the Bank’s growth in earnings in 2013. The expense for the Bank’s loan loss provision declined from $2.1 million during the quarter ending September 30, 2012 to $250 thousand for the similar quarter ending September 30, 2013. The $1.8 million decline in the provision for loan loss reserve helped to offset a decline of $700 thousand in net interest income and increased expenses for post-retirement benefits. For the quarter the Bank benefited from some non-reoccurring insurance investment gains. This item contributed significantly to the $1.3 million increase in non-interest income.

Exchange Bank paid a quarterly cash dividend of $0.30 per share on common stock outstanding to shareholders on September 20, 2013. 51% of the cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

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August 21, 2013

Contact: Sally J. Traughber
(707) 521-5189

Exchange Bank Declares Increase to Quarterly Cash Dividend

On August 20, 2013 Exchange Bank declared a quarterly cash dividend of $0.30 per share on common stock outstanding to shareholders of record at the close of business on September 6, 2013. The dividend is payable September 20, 2013. The cash dividend was increased $0.05 per share or 20% since the last quarterly cash dividend.

51% of the Bank’s cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

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July 17th, 2013
Contact: Brad Hunter
(707) 524-3392

FOR IMMEDIATE RELEASE

Exchange Bank Announces Second Quarter Earnings

Today Exchange Bank announced results for the second quarter of 2013 with a profit after tax of $3.81 million. Net income after tax of $3.81 million in the second quarter of 2013 represents an increase of $968 thousand over net income of $2.84 million recognized during the similar quarter ending June 30, 2012. The improved earnings are a result of increased interest income from loan growth of $25 million and continued improvement in asset quality within the Bank’s Loan portfolio. Deposits increased by $88 million for the quarter when compared to the same quarter in 2012. Year to date the Bank’s profit after tax is $7.0 million, a 21% increase over the $5.8 million recorded in 2012.

The expense for the Bank’s loan loss provision declined from $2.5 million during the quarter ending June 30, 2012 to $800 thousand for the similar quarter ending June 30, 2013. The $1.7 million decline in the provision for loan loss reserve for the quarter is a reflection of steadily improving asset quality and locally improving economic conditions. Measured improvement in loan quality has contributed significantly to the Bank’s earnings in 2013. Year to date loan charge offs are less than $100,000. This compares very favorably to net loan charge offs of $1.6 million for the comparable period ending June 30, 2012. These results are attributed to solid credit management in achieving fair resolutions on some of our problem loans.

Exchange Bank paid a quarterly cash dividend of $0.25 per share on common stock outstanding to shareholders on June 21, 2013. 51% of the cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

“We are pleased to report these stronger than expected results for the second quarter;” stated President and Chief Executive Officer William R. Schrader.” “We are grateful for the good work by our employees and appreciate the support from the community. We also remain mindful that our work is not yet finished, many of our customers are still struggling and there remain some uncertainties in the health of our local and national economy.”

FORWARD-LOOKING INFORMATION: The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

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April 17th, 2013


Contact: Brad Hunter
(707) 524-3392

FOR IMMEDIATE RELEASE

Exchange Bank Announces First Quarter Earnings

Today Exchange Bank announced results for the first quarter of 2013 with a profit after tax of $3.21 million. Net income after tax of $3.21 million in the first quarter of 2013 represents an increase of $265 thousand or 9% over net income of $2.94 million recognized during the similar quarter ending March 31, 2012. With soft demand for new loan growth and the existing loan portfolio decline of $30 million when compared to the first quarter of 2012, the Bank’s net interest income declined $1.85 million or 11%.

The decline in net interest income was more than offset by operating strengths in other core areas, expense control, and a decline in the provision for loan loss of $1.30 million. The provision for loan loss declined from $2.75 million during the quarter ending March 31, 2012 to $1.45 million for the similar quarter ending March 31.2013. The decline in the provision for loan loss reserve is a reflection of steadily improving asset quality within the Bank’s Loan portfolio.

Exchange Bank paid a quarterly cash dividend of $0.25 per share on common stock outstanding to shareholders on March 22, 2013. 51% of the cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

FORWARD-LOOKING INFORMATION:
The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company’s control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

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February 27, 2013


Contact: Sally J. Traughber
(707) 521-5189

FOR IMMEDIATE RELEASE

Sherrill Stockton

SVP, Small Business Administration at Exchange Bank was recently elected to the Executive Committee of the Board of Directors of the National Association of Government Guaranteed Lenders (NAGGL). She currently serves on the Board and is Chairperson of the Technical Issues Committee where she works closely with the membership and the Small Business Administration on policy and regulation issues and she is also an instructor for NAGGL membership.

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February 21, 2013

Contact: Sally J. Traughber
(707) 521-5189

FOR IMMEDIATE RELEASE

Gary Hartwick

Executive Vice President and Chief Credit Officer of Exchange Bank has been promoted EVP, Chief Operating Officer.

“Gary is a seasoned banker with over 37 years of experience, including top level executive responsibility in areas of credit, budgeting, asset and liability management and strategic planning. I have the highest respect for Gary and the contributions he has, and will continue to make to Exchange Bank.” said Bill Schrader, President and CEO.

Hartwick serves on the Board of Directors for the Volunteer Center of Sonoma County and the Wells Fargo Center.

He is a graduate of Pacific Coast Banking School and holds a B.S. Degree in Finance from California State University, Sacramento.

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