EXCHANGE BK SANTA ROSA - EXSR STOCK NEWS

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.

Exchange Bank (OTC: EXSR) has promoted Mary Leonard-Wilson to Chief Credit Officer, effective immediately, after serving in an interim capacity since May 2023. With over 20 years of executive experience in community banking, she will report to CEO Troy Sanderson. Leonard-Wilson previously led commercial lending at National Bank of the Redwoods and co-founded Presidio Bank, managing over $900 million in assets. Exchange Bank, founded in 1890, has $3.5 billion in assets and offers a variety of banking services across Sonoma County and beyond.

On August 17, 2021, Exchange Bank declared a quarterly cash dividend of $1.20 per share, payable on September 17, 2021, to shareholders of record as of September 3, 2021. This dividend remains unchanged from the prior quarter. Notably, 50.44% of the bank's cash dividend funds the Doyle Scholarships at the Santa Rosa Junior College. Exchange Bank, founded in 1890, has assets totaling $3.1 billion and has earned multiple awards for its service quality and community support.

Exchange Bank (OTC: EXSR) reported a 4.71% increase in net income for Q2 2021, totaling $8.22 million compared to $7.85 million in Q2 2020. Net interest income rose slightly to $23.24 million, aided by $1.52 million from PPP loan fees. Non-interest income surged to $5.95 million, driven by Trust and Investment Management growth. However, the bank foresees challenges in net interest margins and declining fees from account services and SBA income. Total assets increased by 13% to $3.43 billion, while gross loans decreased to $1.68 billion. Capital ratios remain strong at 19.68%.

Exchange Bank (OTC: EXSR) has appointed Thomas Sands as the new vice president and regional sales manager for its southern region. Sands brings 22 years of credit experience from Wells Fargo, where he previously served as regional bank president overseeing 50 branches and over 600 employees. He is a Sacramento State University graduate and is actively involved in community services, including the United Way and the American Red Cross. Exchange Bank has received multiple accolades, including being ranked as the Best Consumer and Business Bank in the North Bay.

On May 18, 2021, Exchange Bank declared a quarterly cash dividend of $1.20 per share for shareholders of record as of June 4, 2021. The dividend remains unchanged from the previous quarter and is payable on June 18, 2021. Notably, 50.44% of the total dividend funds the Doyle Trust, which supports the Doyle Scholarships at Santa Rosa Junior College. Exchange Bank, with assets of $3.1 billion, is recognized for its community engagement and has received several awards for its services and workplace environment.

Exchange Bank (OTC: EXSR) has appointed Brian Rober as Senior Vice President and Chief Information Officer. In this role, he will lead the IT department to enhance internal operations and customer experience through innovative technology solutions. Brian brings over 20 years of experience in the banking industry, with a decade at FIS managing IT infrastructure for community banks. He holds a bachelor’s degree in Business and is pursuing a master’s in Cybersecurity. Exchange Bank is recognized for its workplace environment and community contributions.