Exchange Bank Appoints Tom Duryea as Executive Vice President, Chief Banking Officer

SANTA ROSA, Calif.--(BUSINESS WIRE)--Exchange Bank (OTC: EXSR) today announced the appointment of Tom Duryea as executive vice president and chief banking officer, reporting to Troy Sanderson, president and CEO. He will be responsible for contributing to the strategic direction of the bank with a focus on the customer facing areas including Retail, Wholesale Lending, Residential and Consumer Lending and Product Innovation and Delivery.

“I am confident that the wealth of high-level experience that Tom brings to this position will serve the Bank well,” said Troy Sanderson, president and CEO.

“I have a passion for community banking and I am honored to join the exceptional team at Exchange Bank,” said Duryea. “It is the hard work and imagination of local business owners that create the culture, lifestyle and experiences that make Sonoma County unique. I commit to focusing our team’s expertise in resourcing the finance needs of local business owners as we partner together to create resiliency, growth, opportunity and our shared future here in Sonoma County.”

Recently, serving as CEO of Summit Bank in Oakland, CA, Tom had the distinct honor of leading the oldest woman-founded community bank in California.

While working in Oakland, Duryea and his family maintained their primary residence in Healdsburg. His children were raised in Sonoma County where he has been a resident for 20 years, and he is excited to transition his professional life back to his home community.

Duryea, formerly president and chief executive officer at Summit State Bank in Sonoma County, led the commercial bank for eight years. Under his leadership, the former savings and loan was successfully transformed to a top performing bank.

About Exchange Bank

Headquartered in Sonoma County and founded in 1890, Exchange Bank is a premier community bank with assets of $3.5 billion. Exchange Bank provides a wide range of personal, commercial and trust and investment services with 18 retail branches in Sonoma County, a commercial branch in Roseville, and trust and investment offices in Santa Rosa, Roseville and Silicon Valley. 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 16-time winner of the North Bay Business Journal’s (NBBJ) Best Places to Work survey, a recipient of the 2020 North Bay Community Philanthropy Award and the 2020 Healthiest Companies in the North Bay Award. The Press Democrat Best of Sonoma County Reader’s Choice 2021 named Exchange Bank Best Bank and the NorthBay Biz magazine named Exchange Bank the 2020 Best Consumer Bank and Best Business Bank. The Sonoma Valley People’s Choice awards named Exchange Bank the Best Local Bank 2021 and the North Bay Bohemian’s Best of 2020 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—retaining the #1 position in SBA 7(a) lending in Sonoma County for 2020. www.exchangebank.com.

Member FDIC — Equal Housing Lender — Equal Opportunity Employer