Exchange Bank Declares Fourth Quarter Cash Dividend and Reinforces Commitment to Community Support
The Board of Directors of Exchange Bank has declared a quarterly cash dividend of $1.30 per share on its outstanding common stock. Shareholders of record at the close of business on November 29, 2024, will receive the dividend payment on December 13, 2024.
A significant portion of this dividend—50.44%, amounting to approximately $1.12 million—will be directed to the Doyle Trust. The Doyle Trust plays a vital role in funding the Doyle Scholarships at Santa Rosa Junior College, continuing Exchange Bank’s longstanding tradition of supporting education and local communities.
Commitment to Shareholders and Community
Exchange Bank’s announcement highlights its dual focus on delivering value to shareholders and fostering community development. By allocating a substantial part of its dividend to the Doyle Trust, the Bank underscores its dedication to improving access to education and nurturing local talent in Sonoma County.
Forward-Looking Statements
This announcement includes forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. These statements may encompass expectations, plans, or predictions about the Bank’s future operations, financial performance, or strategies. Forward-looking statements often include terms such as “expect,” “intend,” “believe,” or “anticipate” and are inherently subject to uncertainties and risks.
Factors beyond the Bank’s control, such as economic conditions, regulatory changes, and market dynamics, could impact actual outcomes. The statements made are current as of their release date, and Exchange Bank does not commit to updating these statements to reflect new developments.
About Exchange Bank
Established in 1890 and headquartered in Sonoma County, California, Exchange Bank has built a reputation as a trusted financial institution and community pillar. With assets totaling $3.41 billion, the Bank offers a wide range of services, including personal and commercial banking, as well as trust and investment management.
Exchange Bank operates 17 retail branches in Sonoma County, a branch in Roseville, and Trust & Investment Management offices in Santa Rosa, Roseville, Marin County, and Silicon Valley. Guided by core values of commitment, respect, integrity, and teamwork, the Bank is deeply rooted in its mission to serve customers and strengthen the communities it operates in.
Recognition and Awards
Exchange Bank is celebrated for its excellence in banking and community engagement. Among its notable accolades:
- North Bay Business Journal: 19-time winner of the Best Places to Work survey.
- Press Democrat Readers’ Choice 2024: 13-time winner of Best Bank of Sonoma County.
- NorthBay biz Magazine: Named Best Consumer Bank in the Best of the North Bay readers’ poll.
- Petaluma Argus-Courier People’s Choice Awards 2024: Awarded Best Local Bank.
- San Francisco Business Times Corporate Philanthropy Award 2024: Recognized for outstanding contributions to community welfare.
- Bohemian Magazine Best of the North Bay 2024: Honored as Best Business Bank and Best Consumer Bank.
These recognitions reflect the Bank’s dedication to fostering a positive workplace, delivering exceptional customer service, and driving philanthropic efforts.
A Legacy of Leadership and Community Impact
For over 130 years, Exchange Bank has been a cornerstone of financial leadership and community support in Sonoma County and beyond. Its innovative financial solutions and customer-centric approach have cemented its status as a trusted partner for individuals and businesses alike.
In addition to its robust financial services, Exchange Bank’s commitment to philanthropy and community development sets it apart. The Bank’s continued contributions to the Doyle Trust demonstrate its belief in the transformative power of education and its dedication to creating lasting, positive change in the communities it serves.
For more information about Exchange Bank and its services, visit www.exchangebank.com.
By declaring its fourth-quarter dividend and supporting initiatives like the Doyle Scholarships, Exchange Bank reaffirms its commitment to balancing shareholder returns with meaningful community investment. As it looks to the future, the Bank remains steadfast in its mission to drive financial success while fostering a vibrant and supportive community.
