Exchange Bank declares $1.35 quarterly dividend, CEO to retire

Exchange Bank announced a quarterly dividend of $1.35 per share on Wednesday, payable to shareholders as of September 4, 2026. The dividend will be distributed on September 18, 2026. The Doyle Trust, which supports scholarships at Santa Rosa Junior College, will receive approximately $1.17 million from the dividend. Exchange Bank's CEO, Troy Sanderson, informed the Board of Directors that he plans to retire in the fourth quarter of 2027.

The Board will begin a nationwide search for a successor, aiming to hire a President who could take on the CEO role before Sanderson's retirement date. Sanderson will remain CEO until the new leader is appointed to maintain continuity during the transition. Founded in 1890, Exchange Bank in Sonoma County has $3.2 billion in assets and operates 17 branches in Sonoma County, one in Roseville, and investment offices in Santa Rosa, Roseville, Marin County, and Silicon Valley.