Welcome to our dedicated page for EXCHANGE BK SANTA ROSA news (Ticker: EXSR), a resource for investors and traders seeking the latest updates and insights on EXCHANGE BK SANTA ROSA stock.
Exchange Bank Santa Rosa (EXSR) is a prominent financial institution headquartered in Santa Rosa, California, with a longstanding history of serving the community. The bank offers a range of banking services including personal and business banking, loans, mortgages, and investment services. Known for its customer-centric approach, Exchange Bank Santa Rosa is committed to providing personalized financial solutions tailored to meet the unique needs of its clients.
With a strong foundation in community banking, the institution prides itself on fostering local economic growth. Exchange Bank Santa Rosa not only provides traditional banking solutions but also supports community development through various programs and partnerships. Recently, the bank has made significant strides in digital banking, offering a suite of online and mobile banking services designed to enhance user experience and accessibility.
The bank's current projects include expanding its digital platform to include more robust financial tools and resources for small businesses and individual customers. Financially, Exchange Bank Santa Rosa maintains a stable condition with consistent growth in assets and an impressive track record of profitability. The bank's strategic partnerships with local businesses and community organizations further reinforce its commitment to serving the wider community.
As a publicly traded company under the symbol EXSR, Exchange Bank Santa Rosa consistently updates shareholders and potential investors with the latest performance metrics and developments. The bank's news section provides insights into recent achievements, financial reports, and upcoming initiatives, ensuring stakeholders remain well-informed.
Overall, Exchange Bank Santa Rosa is a pivotal financial entity within its region, dedicated to delivering exceptional service and fostering economic prosperity for its clients and community.
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.
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