Exchange Bank Declares First Quarter Cash Dividend

Rhea-AI Summary

Exchange Bank has announced its first quarter cash dividend of $1.30 per share on common stock. The dividend will be distributed on March 21, 2025, to shareholders recorded as of March 7, 2025.

A significant portion of the dividend, approximately $1.12 million (50.44%), will be allocated to the Doyle Trust, which provides funding for Doyle Scholarships at Santa Rosa Junior College.

Positive

• Quarterly dividend maintained at $1.30 per share
• Consistent dividend payment demonstrates financial stability
• $1.12M contribution to education through Doyle Trust

Negative

• None.

SANTA ROSA, Calif.--(BUSINESS WIRE)-- On February 19, 2025, the Exchange Bank Board of Directors declared a quarterly cash dividend of $1.30 per share on common stock outstanding to shareholders of record at the close of business on March 7, 2025. The dividend will be paid on March 21, 2025.

50.44%, approximately $1.12 million, of the Bank’s cash dividend will go to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.

FORWARD-LOOKING INFORMATION:

The following appears in accordance with the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings, or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors—many of which are beyond the Company’s control—could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake efforts to update forward-looking statements to reflect circumstances or events that occur after the date forward-looking statements are made.

About Exchange Bank

Headquartered in Sonoma County and founded in 1890, Exchange Bank is a full-service community bank with assets of $3.30 billion. Exchange Bank provides a wide range of personal, commercial, and trust and investment management services with 17 retail branches in Sonoma County, a retail branch in Roseville and Trust & Investment Management offices in Santa Rosa, Roseville, Marin County and Silicon Valley. The Bank’s legacy of financial leadership and community support is grounded in its core values of commitment, respect, integrity, and teamwork. Exchange Bank is known for its people who care about their customers, their company, and the communities where they live and work. Exchange Bank is a 19-year winner of the North Bay Business Journal’s Best Places to Work survey and a 13-time winner of the Best Bank of Sonoma County by the Press Democrat’s Readers’ Choice 2024 awards. Exchange Bank was named Best Consumer Bank by the NorthBay biz Magazine’s Best of the North Bay readers’ poll and Best Local Bank by The Petaluma Argus Courier People’s Choice Awards 2024. Exchange Bank is also a winner of the 2024 San Francisco Business Times Corporate Philanthropy award, and the Bohemian Magazine’s Best of the North Bay 2024 named Exchange Bank Best Business Bank and Best Consumer Bank. www.exchangebank.com

Member FDIC — Equal Housing Lender — Equal Opportunity Employer

View source version on businesswire.com: https://www.businesswire.com/news/home/20250227631258/en/

Charlotte Radmilovic

SVP, Chief Financial Officer

Exchange Bank

(707) 521-3751

Source: Exchange Bank

FAQ

What is the amount of Exchange Bank's Q1 2025 dividend payment per share?

Exchange Bank declared a quarterly cash dividend of $1.30 per share for Q1 2025.

When is the payment date for Exchange Bank's Q1 2025 dividend?

The dividend will be paid on March 21, 2025, to shareholders of record as of March 7, 2025.

How much of Exchange Bank's dividend goes to the Doyle Trust?

50.44% of the dividend, approximately $1.12 million, goes to the Doyle Trust.

What is the purpose of the Doyle Trust's portion of Exchange Bank's dividend?

The Doyle Trust's portion funds Doyle Scholarships at Santa Rosa Junior College.