SANTA ROSA,
Calif., April 29, 2015
/PRNewswire/ -- "The 125-year anniversary of the founding of
the Bank is quite a milestone," said Bill
Schrader, chairman of the board of directors for Exchange
Bank. "Throughout our 125‑year history, the Bank has endured and
survived the great depression, numerous wars, and most recently,
the economic downfall of 2008. Along the way, this Bank has truly
been influential in developing this special community with its
steady contribution of its time, talent and treasury. More than
anything, it is a true testament to the great men and women who
have been a part of this organization before us and those with us
today. I believe we are proudly upholding the same core values our
founders, Manville and Frank Doyle,
instilled in us 125 years ago. That is, keeping this Bank
independent, a leader of positive economic change, and a passionate
provider of support to our neighbors, and local organizations in
need."
Frank and his wife Polly
Doyle placed their shares of Exchange Bank common stock, a
controlling interest of 50.4%, into a perpetual trust and the
dividends fund the Frank P. Doyle and Polly O'Meara Doyle
Scholarship fund for assistance to worthy young men and women
attending Santa Rosa Junior College.
The Doyle Trust has proven to be one of the most remarkable planned
gifts in the history of American community colleges and has
provided over 120,000 SRJC students with scholarships totaling
$80 million dollars.
Exchange Bank is a full-service financial institution
offering the same sophisticated range of products and services
found in large financial institutions, including a comprehensive
trust and investment services division. Since its founding in 1890,
the Bank has grown from a single branch into an institution with
over $1.8 billion in assets, 18
offices across Sonoma County, and
commercial lending offices in Roseville, Lafayette and San
Jose, CA.
"The success of Exchange Bank is rooted in our community. As we
celebrate and reflect on the past 125 years, our legacy and
commitment to the community resides in assisting our customers with
their financial needs - whether financing a new home, planning for
the future, or helping local businesses and organizations. As
community bankers, we will continue this mission by offering
comprehensive financial services to individuals and businesses.
"Our legacy of a strong commitment to the community continues to
be an important part of our business philosophy. We do this with an
emphasis on making this a better place to live and work," said
Gary Hartwick, President and Chief
Executive Officer.
"We want to celebrate this milestone with all our customers and
the communities we serve. In celebration of the anniversary,
Exchange Bank customers are invited to stop by any Exchange Bank
branch for anniversary cake on May
1st."
Exchange Bank's employees strive every day to fulfill the Bank's
motto, "Invested in you".
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SOURCE Exchange Bank