Santa Rosa's Exchange Bank ups dividend 7%

Exchange Bank announced Thursday it would boost its quarterly dividend by 7 percent from the previous quarter.

The Santa Rosa-based institution said it would pay a dividend of 75 cents per share of common stock to owners as of Nov. 25. It is an increase of 5 cents per share from the previous quarter and will be payable on Dec. 9.

The Frank P. Doyle and Polly O’Meara Doyle Trust owns slightly more than 50 percent of the bank’s stock. The trust will receive about $643,000 in the latest dividend. The trust provides the Doyle scholarships at Santa Rosa Junior College, which provide awards to incoming full-time freshmen with at least a 2.75 grade-point average.

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