Exchange Bank declares $1.35 quarterly dividend, CEO to retire

Exchange Bank (OTC:EXSR) has declared a quarterly cash dividend of $1.35 per share, payable to shareholders as of September 4, 2026. Approximately 50.44% of the $1.17 million dividend will be allocated to the Doyle Trust, which funds scholarships at Santa Rosa Junior College. The bank's CEO, Troy Sanderson, has announced his intention to retire in the fourth quarter of 2027, with the Board of Directors expected to conduct a nationwide search for his replacement.

Sanderson will continue serving as CEO until a successor is found to ensure continuity during the transition.

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