Exchange Bank Stock Price, News & Analysis

Exchange Bank (EXSR) has declared a quarterly cash dividend of $1.30 per share on common stock for the second quarter of 2025. The dividend will be paid on June 20, 2025, to shareholders of record as of June 6, 2025. Notably, 50.44% (approximately $1.12 million) of the Bank's cash dividend will be allocated to the Doyle Trust, which funds the Doyle Scholarships at Santa Rosa Junior College.

Exchange Bank (OTC: EXSR) has announced the appointment of Jim Curry as Vice President and Branch Manager of its Healdsburg branch. Curry brings nearly 15 years of experience at Exchange Bank and over two decades of banking leadership experience. Since joining the bank in 2010, Curry has successfully managed multiple branches including Rohnert Park, Cotati, and most recently Windsor, where he earned the nickname "Mr. Windsor" for his active community involvement.

Throughout his tenure, Curry has demonstrated strong leadership in community engagement, serving on various organizations including the Cotati-Rohnert Park Education Foundation, Rotary Club of Rancho Cotati, and as Board Chair for the Windsor Chamber of Commerce. His appointment to the Healdsburg branch represents a strategic move to leverage his expertise in customer relationship building and community leadership.

Exchange Bank reported strong Q1 2025 financial results with net income after taxes of $5.6 million, up from $4.9 million in Q1 2024. The bank's performance showed notable improvements with:

Non-interest income increased 12% year-over-year, boosted by a one-time trust settlement fee of $450,000. The bank successfully paid off its $100 million Federal Reserve Bank Term Funding Program borrowing in January 2025. Net interest margin improved from 2.59% to 2.73%.

Key metrics demonstrate solid financial health:

• Total assets: $3.27 billion
• Strong liquidity position: $965.3 million (29.48% of total assets)
• Total risk-based capital ratio: 19.58%
• Deposits increased by $79.1 million (2.8%) year-over-year
• 75.5% of deposits FDIC-insured

The loan portfolio remains well-diversified, with commercial real estate (40.1%), residential (27.7%), and multifamily loans (11.7%) as primary components.

Exchange Bank reported strong Q1 2025 financial results with net income of $5.6 million, up from $4.9 million in Q1 2024. The bank's performance showed notable improvements with a net interest margin increase to 2.73% and non-interest income growth of 12%.

Key highlights include paying off $100 million in Federal Reserve borrowing, maintaining strong liquidity of $965.3 million (29.48% of total assets), and a robust total risk-based capital ratio of 19.58%. Total assets stood at $3.27 billion, with deposits increasing by $79.1 million year-over-year to $2.89 billion.

The loan portfolio remains healthy at $1.61 billion, with commercial real estate loans comprising 40.1%. About 75.5% of deposits were FDIC-insured. The bank's book equity grew by 19.3% to $301.1 million, demonstrating solid financial stability and growth.

Exchange Bank (OTC: EXSR) has partnered with FHLBank San Francisco to award an $800,000 grant to the Dry Creek Rancheria Band of Pomo Indians for affordable housing development. This represents the largest grant ever delivered by Exchange Bank.

The funding will support sustainable and accessible housing solutions for the tribal community, aiming to provide safe and secure housing for tribal members. The grant was made possible through voluntary funding from FHLBank San Francisco, which supports affordable housing and economic development across Arizona, California, and Nevada.

Exchange Bank (OTC: EXSR) has announced the appointment of Jessica Dominguez as assistant vice president and branch manager at their St. Francis location in Santa Rosa, CA. Dominguez, who joined the bank in 2018, brings diverse banking experience to her new role.

Starting as a Relationship Banker at the Dutton branch, she later worked with the Trust and Investment team before moving to the Windsor branch in 2023. She maintains active involvement in community service through various organizations, including Windsor Rotary and the Windsor Chamber of Commerce. Dominguez also serves on the membership committee for the Sonoma County Women's Professional Group and participates in the Exchange Bank softball team as a pitcher.

Exchange Bank has appointed Ivette Celedon as vice president and branch manager of their Petaluma office at 453 North McDowell Blvd. Celedon brings over 18 years of experience in business and consumer banking, having previously served as Branch Manager at the St. Francis office.

A Petaluma native and 2024 graduate of Leadership Petaluma, Celedon started her banking career as a teller before advancing through various leadership positions. She is actively involved in community service, volunteering with organizations like Redwood Empire Food Bank, 10,000 Degrees, and Casa Grande High School Project Grad. She also manages private indoor soccer teams and serves on the board of North Coast Futbol Club.

Exchange Bank has announced the appointment of Barry Friedman to its Board of Directors. Friedman, currently serving as President and CEO of Friedman's Home Improvement, represents the third generation of leadership at the locally owned home improvement retailer that has served the North Bay and North Coast since 1946.

As CEO since 2013, Friedman brings extensive community leadership experience, serving on the Executive Committee Board of the North Bay Leadership Council, Community Board of Providence Santa Rosa Memorial Hospital, and as Chairperson of PSRMH's Community Benefit Committee. He holds a Business Degree from Lewis & Clark College.

The appointment strengthens Exchange Bank's board oversight capabilities, focusing on operations, long-term growth, stability, and regulatory compliance. Friedman's Home Improvement has been a long-standing Exchange Bank client, highlighting the strategic alignment between both organizations in supporting local businesses and community development.

Exchange Bank (OTC: EXSR) has announced the appointment of Bahar Ozgur as Vice President and Commercial Relationship Manager. In her new role, Ozgur will focus on strengthening commercial lending customer relationships and aligning branch and commercial banking efforts to support the bank's strategic growth in the North Bay and San Francisco areas.

Ozgur joins Exchange Bank with extensive commercial banking experience, previously serving as VP, Lead Commercial Banking Relationship Manager at another financial institution. She holds a bachelor's degree in economics from Hunter College and an MBA in Finance from Pace University's Lubin School of Business.