Exchange Bank of Santa Rosa reported Thursday, May 18, a quarterly cash dividend of 85 cents per share, an increase of 5 cents from the previous quarter.
The dividend will be payable on June 16.
The Frank P. Doyle and Polly O’Meara Doyle Trust owns slightly more than 50 percent of the bank’s stock. The trust funds the Doyle Scholarships at Santa Rosa Junior College, which provide $1,000 awards to incoming full-time freshmen with at least a 2.75 grade-point average. The trust will receive about $732,000 from the next dividend.
This story originally appeared at PressDemocrat.com at http://www.pressdemocrat.com/business/7008897-181/exchange-bank-reports-boost-in