Welcome to our dedicated page for Exchange Bank news (Ticker: EXSR), a resource for investors and traders seeking the latest updates and insights on Exchange Bank stock.
Exchange Bank (EXSR) delivers essential financial services through retail banking, commercial lending, and digital platforms. This news hub provides investors and stakeholders with timely updates on the institution's strategic developments and market position.
Access verified press releases and financial disclosures covering earnings reports, regulatory compliance updates, and service expansions. Our curated collection simplifies tracking EXSR's performance in the evolving banking sector.
Discover updates on loan portfolio management, digital innovation initiatives, and community banking programs. Content spans quarterly financial results, leadership announcements, and partnership developments critical for informed decision-making.
Bookmark this page for streamlined access to EXSR's official communications. Combine regular monitoring with independent research to maintain current understanding of the bank's operations and industry standing.
On February 22, 2023, Exchange Bank's Board of Directors declared a quarterly cash dividend of $1.30 per share, an increase of $0.05 from the previous quarter. Shareholders of record by the close of business on March 6, 2023 will receive the dividend on March 17, 2023. Notably, 50.44% of this dividend will be allocated to the Doyle Trust, supporting scholarships at Santa Rosa Junior College. Exchange Bank, headquartered in Sonoma County, boasts assets of $3.33 billion and offers a variety of banking services across its branches.
Exchange Bank (OTC: EXSR) is expanding its Trust and Investment Management services into Marin County, with a new office opening near the Marin Civic Center in San Rafael this summer. Currently, Exchange Bank manages over $1 billion in assets in Sonoma County and aims to replicate its community banking services in Marin. Emily Menjou, a seasoned fiduciary manager, will lead the new office. The bank, headquartered in Sonoma County and founded in 1890, boasts assets of $3.33 billion and offers a variety of personal and commercial banking solutions. The expansion reflects the bank's commitment to local communities.
Exchange Bank (OTC: EXSR) reported net income of $9.64 million for Q4 2022, a slight decrease of 2.16% year-over-year. For the full year, net income rose 2.94% to $37.48 million. The Bank's net interest income increased by 5.97% to $99.14 million, driven by growth in core earning assets. However, a decrease in PPP loan fees negatively impacted results, falling by $6.61 million. Total assets declined to $3.33 billion, and deposits decreased by 3.55% to $3.07 billion. The Bank maintains strong capital ratios and robust liquidity, with total risk-based capital at 19.54% as of December 31, 2022.
Exchange Bank (OTC: EXSR) has appointed Cameron Belvedere as vice president and branch manager of the Santa Rosa Coddingtown branch. This branch is located at 1300 Guerneville Rd., Santa Rosa, CA. Cameron, who began his banking career in 2009, previously worked at Washington Mutual and Rabobank, where he excelled in growing deposits through community engagement and business development. He holds a background in Accounting and Business Communications and is actively involved with the Brandon Champion Foundation, supporting local youth sports.
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