Exchange bank to pay 70 cent per share dividend

Exchange Bank will pay a quarterly cash dividend of 70 cents per share of common stock outstanding to shareholders on September 2, the bank declared August 16. The dividend, to be paid on Sept.lr 16, is the same as that paid last quarter but up from 55 cents in the same quarter of 2015.

More than half – 51 percent – of the bank’s cash dividend goes to the Doyle Trust, which funds Doyle scholarships at Santa Rosa Junior College. The Frank P. Doyle and Polly O’Meara Doyle Trust owns 50.39 percent of Exchange Bank.

Exchange Bank, headquartered in Santa Rosa and founded in 1890, has assets of $2 billion and 18 branches. There are also three commercial and SBA lending offices in Roseville, San Jose and Lafayette.