Exchange Bank reports 20 percent increase in earnings

Exchange Bank reported a 20 percent increase in second quarter earnings compared to the same period last year.|
BILL SWINDELL
THE PRESS DEMOCRAT

Exchange Bank reported a ?20 percent increase in second- quarter earnings compared to the same period last year.

The Santa Rosa-based institution said it had a profit of ?$6.51 million for the previous three months with gains in both deposits as well as loan growth.

The bank was helped by a ?$1.4 million payment from a litigation settlement, which was offset by a $220,000 early payoff of a loan from the Federal Home Loan Bank.

Bill Swindell

UPDATED: Please read and follow our commenting policy:
  • This is a family newspaper, please use a kind and respectful tone.
  • No profanity, hate speech or personal attacks. No off-topic remarks.
  • No disinformation about current events.
  • We will remove any comments — or commenters — that do not follow this commenting policy.
Send a letter to the editor