EXCHANGE BK SANTA ROSA - EXSR STOCK NEWS

Exchange Bank (OTC: EXSR) has appointed Bill Ryan as vice president and senior investment officer, overseeing investment management in the South Bay, Sacramento, and Sonoma County markets. With over 30 years in the financial sector, Ryan's background includes key roles at Comerica Bank, Charles Schwab, UBS, and Pacific Stock Exchange. He holds a BA in Economics and Philosophy from Boston College. Exchange Bank, with assets of $3.5 billion, continues to provide a wide array of banking services across its 16 branches.

On May 17, 2022, Exchange Bank's Board declared a quarterly cash dividend of $1.20 per share for shareholders of record by June 3, 2022. The dividend is consistent with the previous quarter’s amount. It will be payable on June 17, 2022. Importantly, 50.44% of this dividend will fund the Doyle Scholarships at Santa Rosa Junior College. Exchange Bank, founded in 1890 and based in Sonoma County, manages assets totaling $3.5 billion, providing a variety of financial services to its community.

Exchange Bank (OTC: EXSR) reported first-quarter 2022 net income of $8.26 million, down 2.77% from $8.49 million in Q1 2021, primarily due to lower net interest income and higher non-interest expenses. Net interest income fell from $23.27 million to $22.38 million, while the net interest margin decreased from 3.08% to 2.67%. Non-interest income rose to $6.10 million. Total assets grew 7.6% to $3.54 billion, with deposits up 10% year-over-year. Book equity decreased 11.3% to $34.4 million due to unrealized losses from investments.

On February 15, 2022, Exchange Bank (OTC: EXSR) declared a quarterly cash dividend of $1.20 per share, payable to shareholders on March 18, 2022, unchanged from the prior quarter. 50.44% of the dividend will support the Doyle Trust for scholarships at Santa Rosa Junior College. Exchange Bank, with assets of $3.5 billion, provides personal, commercial, and trust services across multiple locations. This continued dividend reflects the bank's stable financial performance and commitment to shareholder returns.

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.