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Internal transfer or sale? Succession experts weigh merits
February 6th, 2012The Business Journal’s “Who will take over your business?” event explored the two possibilities through case studies and expert discussion.
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Strong 2011 puts Exchange Bank closer to ‘primary objective’ of dividend
January 31st, 2012SANTA ROSA – Exchange Bank earned $12.2 million in net income over the course of 2011, a 19 percent increase from the prior year that the bank attributed to developments such as strong core earnings and a reduction in problem assets.
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Habitat for Humanity, banks, others collaborate on foreclosures
January 16th, 2012While building homes for low-income families remains a part of Habitat for Humanity’s mission in Sonoma County, local volunteers say they’ve found a cost-effective alternative in the current economy – purchasing and renovating foreclosed houses.
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People: Week of Nov. 21, 2011
November 21st, 2011People news for the north San Francisco Bay area
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Exchange Bank reports tenth consecutive profitable quarter
October 19th, 2011Santa Rosa-based Exchange Bank announced a post-tax third quarter profit of $3 million today, outpacing their total net income by the same point last year by 12 percent.
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Manufacturing Awards 2011: Special Award: La Tortilla Factory wins top SBA recognition
July 18th, 2011SANTA ROSA — In 1977, La Tortilla Factory opened with $75,000 — including a $50,000 loan through the U.S. Small Business Administration.
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Bankers: Regulatory expansion will drive industry consolidation
July 11th, 2011SANTA ROSA — The high cost of complying with burgeoning regulation will be the cause of even more bank consolidation than has occurred as a result of the recession, experts say.
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Banking & finance: Clairmail gains new security certification
July 4th, 2011Clairmail, Inc., a mobile banking and payment solutions company, has taken its security levels up a notch with RSA Secured Partner Program. … Bank of Marin Bancorp has officially opened its Santa Rosa branch office at 50 Santa Rosa Ave. The bank had been operating a loan production office at this location since October and is now open to the public for all banking business, including ATM services. … Exchange Bank hired Robyn Hettrich as Senior Human Resources Business Partner. … Summit State Bank in Santa Rosa is now offering technology that allows customers to make deposits from anywhere and anytime with new mobile options. Checks can be deposited from most smartphones and desktop scanners. … Bank of Marin hired Kathi Metro to lead its commercial lending efforts out of the Napa office at 600 Trancas St. Ms. Metro is a longstanding member of the Napa community and a well-established banker with more than 35 years of banking experience in that market. … North Valley Bank announced that Jim Hubbell has joined its team as a mortgage loan officer in Santa Rosa. Mr. Hubbell will cover the Santa Rosa, Ukiah, Willits and Garberville communities. … Umpqua Bank, a subsidiary of Umpqua Holdings Corporation, hired Samantha Foster as vice president, commercial relationship manager and Erick Ransome as assistant vice president and senior commercial underwriter for the bank’s Santa Rosa commercial banking center. … Rabobank, N.A. ranked highest in customer satisfaction among retail banks in California, according to a study by J.D. Power and Associates.
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International group increases capital requirements for banks
July 4th, 2011SANTA ROSA — The Basel Committee on Banking Supervision, an international forum for standardization on bank rules, has approved increasing the risk-based ratio for financial institutions from the current 8 percent to about 10.5 percent over the next several years.
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People: Week of June 27, 2011
June 27th, 2011Brief news from companies in the north San Francisco Bay Are
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Another profitable quarter for Exchange Bank
April 20th, 2011SANTA ROSA- Exchange Bank reported first quarter net income to be $2.94 million, compared with the $2.12 million in the same quarter the year before.
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Banking & Finance: Redwood Credit Union to open in Sebastopol; also: Circle Bank makes Women’s Initiative loans
March 28th, 2011Redwood Credit Union is going to open a new full-service branch and ATM in Sebastopol at 7840 Covert Lane near Pacific Market in early fall 2011.
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Banking & Finance: Charter Oak shareholders OK merger; Daulton moves to Exchange
January 31st, 2011Also: Bank of Marin reports 6.2% rise in earnings for 2010
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Spotlight: Leaders in Commercial Banking in 2011
January 31st, 2011Following are many of the leading professionals in commercial lending across the North Bay. (Listed alphabetically by institution name)
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Exchange Bank net income $10.2 million for 2010
January 27th, 2011SANTA ROSA — Exchange Bank today announced unaudited net income of $10.2 million for 2010, up significantly compared to the $3.9 million net loss for 2009.
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Long-time Sonoma County banker Daulton joins Exchange
January 24th, 2011SANTA ROSA – Long-time North Bay banking veteran Howard Daulton has joined Exchange Bank in a newly created position of senior vice president and manager of corporate business development.
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Business Journal Q&A: Top lenders give their outlook, tips for getting financing
December 6th, 2010NORTH BAY — The economy is still challenged, and businesses are still struggling. But there are some positive things happening, according to leading SBA lenders in the North Bay.
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Succession planning: Fifth-annual conference focuses on preserving the family business
November 29th, 2010SANTA ROSA – At Burr Pilger Mayer’s fifth-annual succession planning conference, Will, Nancy and Karl Seppi of Costeaux French Bakery in Healdsburg talked about their experience with putting a successful succession process in place, and a panel of experts discussed the dos and don’ts of having a well-thought-out plan.
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Exchange Bank reports sixth straight profitable quarter
October 21st, 2010SANTA ROSA — Exchange Bank reported another profitable quarter — the sixth in a row since the losses and suspension of dividends a year and a half ago.
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Banks one step closer to an uptick in lending
September 16th, 2010NORTH BAY — This morning, the Senate passed HR 5297, the small business lending bill that once made into law will greatly increase the reach of Small Business Administration loans.
Lists Online
NBBJ Insider blog- Occupy Santa Rosa vs. Exchange Bank: The wrong target December 9, 2011
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