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 (OTC: EXSR) is a full-service community bank headquartered in Sonoma County, California, and founded in 1890. This news page aggregates company-issued updates and announcements so readers can follow how the bank communicates about its operations, people, and community role. Because Exchange Bank operates in commercial banking and provides personal, commercial, and trust and investment management services, its news often highlights both financial performance and regional engagement.
Visitors can expect earnings announcements, such as quarterly results where the bank discusses net income, net interest income, non-interest income, loan growth, deposit trends, liquidity, and capital ratios. These releases provide insight into Exchange Bank’s balance sheet, loan portfolio composition, and funding mix, as well as commentary on asset quality and regulatory capital levels.
The news flow also includes dividend declarations by the Board of Directors on common stock outstanding. These updates often note that a significant portion of cash dividends is directed to the Doyle Trust, which funds the Doyle Scholarships at Santa Rosa Junior College, illustrating how shareholder distributions connect to educational philanthropy.
In addition, Exchange Bank regularly publishes leadership and personnel announcements, including appointments and promotions in branch management, commercial lending, marketing, finance, and risk management. These stories emphasize employee development, community involvement by key staff, and alignment with the bank’s values of commitment, respect, integrity, and teamwork.
Readers interested in a community-focused financial institution with a regional footprint in Sonoma County, Roseville, Marin County, and Silicon Valley can use this page to follow Exchange Bank’s reported financial results, dividend actions, and organizational developments over time.
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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On November 15, 2022, Exchange Bank's Board of Directors declared a quarterly cash dividend of $1.25 per share, unchanged from the previous quarter, payable on December 9, 2022. Shareholders on record as of November 25, 2022 will receive this dividend. Notably, 50.44% of the dividend will fund Doyle Scholarships at Santa Rosa Junior College. The bank, with assets totaling $3.43 billion, has been recognized for its community support and commitment to service, winning various awards, including Best Local Bank in 2022.
Exchange Bank (OTC: EXSR) reported a net income of $10.07 million for Q3 2022, a 2.23% increase from $9.85 million in Q3 2021. Net interest income rose to $25.99 million, driven by higher core earning assets and a $800,000 one-time life insurance benefit. Non-interest income also improved to $6.50 million. However, non-interest expenses surged by 17.06% to $18.58 million.
Book equity dropped 40.02% due to unrealized losses from the investment portfolio, despite a strong capital ratio of 18.80% as of September 30, 2022. The Bank's regulatory capital increased by 10.17% year-over-year.
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On August 16, 2022, Exchange Bank declared a quarterly cash dividend of $1.25 per share, up from $1.20, payable on September 16, 2022, to shareholders of record by September 2, 2022. This marks a $0.05 increase, reflecting the company's commitment to shareholder returns. Notably, 50.44% of the dividend will support the Doyle Trust, benefitting local scholarships. The bank, with assets of $3.5 billion, continues to emphasize community support and customer care.
Exchange Bank (OTC: EXSR) has welcomed Stacey Powers as VP and commercial relationship manager to enhance its Commercial Banking team. With over 35 years of banking experience, Powers aims to drive new relationship growth in the North Bay and Sacramento County regions. She has a rich history working with several banking institutions, including Rabobank and American River Bank, focusing on commercial loans and community support. Exchange Bank, founded in 1890, boasts assets of $3.5 billion and is committed to serving its local community.
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Exchange Bank (OTC: EXSR) reported a 15.82% increase in net income for Q2 2022, reaching $9.52 million compared to $8.22 million in Q2 2021. This growth was driven by a $1.3 million rise in net interest income, totaling $24.54 million, and a $0.8 million reduction in provision expense. However, the net interest margin decreased to 2.80%. Non-interest income also saw a minor increase to $6.07 million. The Bank's total assets rose to $3.45 billion.
The bank continues to maintain a strong liquidity position amidst rising interest rates.