SANTA ROSA, Calif.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/401k?src=hash” target=”_blank”gt;#401klt;/agt;–On May 21, 2019, the Exchange Bank (OTC: EXSR) Board of Directors
declared a quarterly cash dividend of $1.10 per share on common stock
outstanding to shareholders of record at the close of business on June
07, 2019. The dividend is payable June 21, 2019. The cash dividend which
represents an increase of $.05 over the prior quarter’s dividend at
$1.05 per share, is a reflection of the Bank’s financial strength and
robust earnings. The dividend has increased from $.95 per share during
the similar quarter ending June 30, 2018, an increase of 15.8%.
50.44% of the Bank’s cash dividend goes to the Doyle Trust which funds
the Doyle Scholarships at the Santa Rosa Junior College.
Forward looking information
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 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
premier community bank with assets of $2.6 billion. Exchange Bank
provides a wide range of personal, commercial and trust and investment
services with 18 branches in Sonoma County and a commercial and SBA
lending office in Roseville and Marin, California. 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 a 13-time winner of the North Bay Business Journal’s
(NBBJ) Best Places to Work survey, a recipient of the 2018 North Bay
Community Philanthropy Award and the 2018 Healthiest Companies in the
North Bay Award. NorthBay biz magazine named Exchange Bank the 2018 Best
Consumer Bank and Gold Medal Winner for Best Business Bank. The North
Bay Bohemian’s Best of 2018 Readers Poll named Exchange Bank the Best
Business Bank and Best Consumer Bank. Exchange Bank can also be found in
the NBBJ’s Book of Lists as a leading lender and wealth management
advisor—claiming the #1 position in SBA 7(a) lending in Sonoma County
for 2018. www.exchangebank.com.
Member FDIC — Equal Housing Lender — Equal Opportunity Employer
Contacts
Greg Jahn
EVP, Chief Financial Officer
Exchange Bank
(707)
524-3218
