Exchange Bank Stock Price, News & Analysis

Exchange Bank (OTC: EXSR) reported a net income of $9.85 million for Q4 2021, up 6.60% from $9.24 million in Q4 2020. For the full year, net income reached $36.41 million, compared to $33.70 million in 2020. The rise in earnings is attributed to a $2.11 million increase in non-interest income and a $4 million decrease in non-interest expense. However, net interest income declined from $96.38 million to $93.55 million, impacting the net interest margin, which decreased from 3.46% to 2.87%. Total assets increased to $3.53 billion, with deposits rising by $401 million.

Exchange Bank (OTC: EXSR) has announced the promotion of Rick Mossi to Senior Vice President of Retail Banking. Mossi, who possesses over 20 years of experience in regional and branch management, will oversee the bank's branch network and customer service operations. His prior experience includes various roles at Bank of America. Exchange Bank, headquartered in Sonoma County, boasts assets totaling $3.5 billion and provides a range of financial services across 17 retail branches, reflecting its commitment to community support and customer care.

Exchange Bank (OTC: EXSR) has appointed Ann Lobdell Hudson as the new Senior Vice President and Chief Administrative Officer. In her new role, she will oversee various internal operations including bank operations, electronic banking, and the loan service center. Ann has been with the bank since 2014 and previously served as the senior vice president of retail banking. The bank, headquartered in Sonoma County, boasts assets of $3.5 billion and provides a wide range of services through its 17 retail branches.

Exchange Bank (OTC: EXSR) has appointed Howard Daulton and Keith Woods to its newly established advisory board. Both bring extensive local leadership experience aimed at enhancing the bank’s community presence and business relationships. Daulton has over 40 years in banking and was previously SVP at Exchange Bank, while Woods led the North Coast Builders Exchange for over two decades. The bank, founded in 1890 and with assets of $3.5 billion, aims to leverage the advisory board's expertise to navigate emerging business trends and refine its product offerings.

Exchange Bank (OTC: EXSR) has appointed Fabia Butler as vice president and director of marketing and community relations. Butler brings extensive experience in community banking, having served in various roles at Bank of Marin and most recently in leadership positions at First Republic Bank, Bank of the West, and Kaiser Permanente. She aims to enhance the Bank’s marketing and community relations efforts to align with its strategic priorities. Founded in 1890, Exchange Bank has assets of $3.5 billion and offers a wide range of services throughout Sonoma County.

On November 16, 2021, Exchange Bank declared a quarterly cash dividend of $1.20 per share, payable on December 10, 2021, to shareholders of record by November 26, 2021. This dividend remains unchanged from the previous quarter. Notably, 50.44% of the dividend funds the Doyle Trust, supporting Doyle Scholarships at Santa Rosa Junior College. With total assets of $3.4 billion, Exchange Bank continues its commitment to community support and financial services.

Exchange Bank (OTC: EXSR) has appointed Tom Duryea as executive vice president and chief banking officer. He will oversee Retail, Wholesale Lending, Residential and Consumer Lending, focusing on customer-facing areas. Duryea previously served as CEO of Summit Bank, where he transformed it into a top-performing bank. His local ties to Sonoma County and commitment to community banking are emphasized in his new role. The bank, founded in 1890, boasts $3.5 billion in assets and has been recognized multiple times for its community support.

Exchange Bank (OTC: EXSR) reported a 23.43% increase in net income for Q3 2021, totaling $9.85 million, up from $7.98 million in Q3 2020. Despite a slight decline in net interest income to $23.99 million, the Bank recognized $1.82 million in PPP loan fees, contributing positively to results. Non-interest income rose to $5.55 million, led by Trust and Investment Management. Deposits surged by 18.59% to $497 million. However, challenges remain with net interest margins expected to decrease, while total assets increased to $3.53 billion.

Exchange Bank (OTC: EXSR) announced the appointment of Eric McHenry to its Board of Directors, effective October 1, 2021. McHenry, currently the chief information officer for the City of Santa Rosa, brings a wealth of experience in technology and business leadership. His career spans across public and private sectors, including co-founding a telecom infrastructure company and roles in HP/Agilent. With Exchange Bank's assets at $3.5 billion and a strong community presence, McHenry's onboarding could enhance the bank's strategic direction.