SANTA ROSA, Calif.--(BUSINESS WIRE)--First paragraph, first sentence of release dated November 22, 2017 should read: Exchange Bank (OTC:EXSR) declared a quarterly cash dividend of $0.90 per share on common stock outstanding to shareholders of record at the close of business on November 24, 2017. First paragraph, second sentence of release dated November 22, 2017 should read: The dividend is payable December 8, 2017.
The corrected release reads:
EXCHANGE BANK DECLARES INCREASE TO QUARTERLY CASH DIVIDEND
Exchange Bank (OTC:EXSR) declared a quarterly cash dividend of $0.90 per share on common stock outstanding to shareholders of record at the close of business on November 24, 2017. The dividend is payable December 8, 2017. The cash dividend represents an increase of $.05 over the prior quarter’s dividend at $.85 per share. The dividend has increased from $.75 per share during the similar quarter ending December 31, 2016, an increase of 20%.
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 with assets of $2.2 billion, Exchange Bank is a premier community bank providing 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 12-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2017 Best Consumer Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders. www.exchangebank.com.
Member FDIC — Equal Housing Lender — Equal Opportunity Employer
