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Trade Financial institution Declares Fourth Quarter Income Dividend | Company & Finance

SANTA ROSA, Calif.–(Business WIRE)–Nov 20, 2020–

On November 17, 2020, the Exchange Financial institution (OTC: EXSR) Board of Directors declared a quarterly hard cash dividend of $1.20 for each share on typical inventory fantastic to shareholders of report at the shut of business on November 27, 2020. The dividend is payable December 11, 2020. The funds dividend is unchanged from the prior quarter’s dividend of $1.20 for every share. The dividend has elevated from $1.15 for each share in the course of the equivalent quarter ending December 31, 2019, an enhance of 4.35%.

Trade Lender major office environment in downtown Santa Rosa (545 Fourth Street) (Picture: Organization Wire)

50.44% of the Bank’s dollars dividend goes to the Doyle Trust which cash the Doyle Scholarships at the Santa Rosa Junior University.

Ahead-Searching Info:

The subsequent appears in accordance with the Personal Securities Litigation Reform Act of 1995: This press release might consist of forward-on the lookout statements about the Company, such as descriptions of options or targets of its administration for long run operations, solutions or services, and forecasts of its revenues, earnings or other measures of economic efficiency. Forward-wanting statements can be recognized by the simple fact that they do not relate strictly to historic or current info. They usually consist of the words and phrases “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words and phrases of comparable which means, or future or conditional verbs these as “will,” “would,” “should,” “could,” or “may.”

Forward-on the lookout statements, by their mother nature, are subject matter to hazards and uncertainties. A amount of elements — many of which are outside of the Company’s command — could result in true problems, gatherings or effects to vary drastically from those people explained in the forward-searching statements. Ahead-on the lookout statements discuss only as of the day they are designed. The Business does not undertake to update forward-searching statements to replicate instances or functions that come about after the day forward searching statements are produced.

Headquartered in Sonoma County and established in 1890, Trade Financial institution is a leading local community lender with property of $3 billion. Trade Lender provides a extensive range of personalized, commercial and have faith in and investment decision expert services with 18 branches in Sonoma County and a business department in Roseville, California. The Bank’s legacy of money management and group aid is grounded in its main values of Motivation, Regard, Integrity and Teamwork.

Exchange Bank is a 15-time winner of the North Bay Enterprise Journal’s (NBBJ) Very best Sites to Do the job survey, a receiver of the 2020 North Bay Local community Philanthropy Award and the 2019 Healthiest Corporations in the North Bay Award. NorthBay biz journal named Exchange Bank the 2020 Best Shopper Financial institution and Very best Business enterprise Bank. The Petaluma People’s Alternative Awards named Exchange Financial institution the Most effective Regional Financial institution and the North Bay Bohemian’s Very best of 2019 Visitors Poll named Trade Bank the Very best Small business Lender and Greatest Customer Financial institution. Exchange Bank can also be found in the NBBJ’s E-book of Lists as a major loan provider and wealth administration advisor—claiming the #1 place in SBA 7(a) lending in Sonoma County for 2020.

Member FDIC — Equal Housing Loan provider — Equal Possibility Employer

EVP, Main Economical Officer


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PUB: 11/20/2020 11:00 AM/DISC: 11/20/2020 11:01 AM

Copyright Company Wire 2020.