Exchange Bank’s Trust & Investment Management Expands into Marin County

Rhea-AI Summary

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.

Positive

• Expansion of Trust and Investment Management services into Marin County.
• New office opening near Marin Civic Center, catering to local clients.
• Experienced leadership with Emily Menjou heading the new office.
• Over $1 billion in assets under management, signaling strong market position.

Negative

• None.

SANTA ROSA, Calif.--(BUSINESS WIRE)-- Exchange Bank (OTC: EXSR) announces the expansion of their Trust and Investment Management services into Marin County. Their new office will be located near the Marin Civic Center at 3950 Civic Center Drive in San Rafael and will open this summer. Exchange Bank has been offering full-service Trust and Investment Management services for 60 years in Sonoma County and has one of the largest community bank trust departments in California with over $1 billion in assets under administration.

Emily Menjou, vice president, personal trust fiduciary manager, will initially head up the new office, bringing 20 years of experience in trust administration and estate settlement. Menjou is a recent recipient of the American Banking Association’s Under 40 Wealth Management Award, which recognizes wealth management and fiduciary professionals who are committed to the highest standards of achievement at work and in their communities. Exchange Bank plans to expand the team with experienced local professionals in Marin County.

“We are excited to replicate our style of community banking in Marin County and look forward to forging strong connections,” said Troy Sanderson, Exchange Bank, president and CEO. “We are very committed to serving the needs of local clients and local communities.”

About Exchange Bank

Headquartered in Sonoma County and founded in 1890, Exchange Bank is a full-service community bank with assets of $3.33 billion. Exchange Bank provides a wide range of personal, commercial and trust and investment management services with 16 retail branches in Sonoma County, a commercial branch in Roseville and Trust & Investment Management offices in Santa Rosa, Roseville 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 17-year winner of the North Bay Business Journal’s Best Places to Work survey and the 2022 San Francisco Business Times Corporate Philanthropy Award. Exchange Bank was named Best Consumer Bank by the NorthBay biz Magazine’s Best of the North Bay readers’ poll. The Petaluma Argus Courier People’s Choice Awards named Exchange Bank Best Local Bank 2022 and the Bohemian Magazine’s Best of the North Bay 2022 named Exchange Bank Best Business Bank and Best Consumer Bank. www.exchangebank.com.

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Carolyn Cole-Schweizer, Marketing Services Manager

707.541.1250

Source: Exchange Bank

FAQ

What new services is Exchange Bank launching in Marin County?

Exchange Bank is expanding its Trust and Investment Management services into Marin County with a new office.

Where will the new Exchange Bank office be located?

The new Exchange Bank office will be located near the Marin Civic Center at 3950 Civic Center Drive in San Rafael.

When will the Marin County office of Exchange Bank open?

The Marin County office is set to open this summer.

Who is leading the new office in Marin County?

Emily Menjou, with 20 years of experience in trust administration, will initially head the new office.

What are the total assets of Exchange Bank?

Exchange Bank has total assets of $3.33 billion.