North Bay Leadership Council (NBLC) announces that Exchange Bank is its newest member. Headquartered in Sonoma County, and founded in 1890 with assets of $2.2 billion, Exchange Bank is a premier community bank providing a wide range of personal, commercial and trust and investment services with 18 branches in Sonoma County and a commercial and SBA lending office in Roseville and San Rafael. They have 386 employees. NBLC’s chair, Patty Garbarino, said “This community bank epitomizes the values of supporting and strengthening the community in a perfect alignment with NBLC’s mission and goals. We are delighted to have Exchange Bank add their commitment to the North Bay’s people and economy to our work.”
For 127 years, Exchange Bank has been serving the local community, not only through trusted banking and financial services, but by focusing 100% of its charitable giving on the communities it serves. In total, Exchange Bank contributes to more than 300 charitable organizations and nonprofits each year. In 2016, Exchange Bank and its employees contributed more than $665,000 to the community.
In addition, 50.44% of the Bank’s cash dividends go to the Doyle Trust that funds the Doyle Scholarship at Santa Rosa Junior College. Since 1948, the Doyle Scholarship Fund has provided $83 million to over 127,000 students. Exchange Bank made the first Lead Challenge gift to kick-off the SRJC 100th Anniversary Campaign in 2016. For the past three years, Exchange Bank has funded The Reinking Scholarship Program at Montgomery High School, providing two scholarships a year.
Exchange Bank’s Alan Aranha, Vice President and Business Development Officer, Marin County office, will be the member representative. Howard Daulton, Senior Vice President, Manager of Corporate and Business Development will be the alternate. Daulton said “We appreciate NBLC’s shared commitment to education, community resiliency and economic competitiveness. We look forward to joining with the other members to make the North Bay an even greater place to live and work.”
Exchange Bank is an 11-time winner of the North Bay Business Journal’s North Bay Best Places to Work survey and received the 2016 Healthiest Companies in the North Bay award. NorthBay biz magazine named Exchange Bank 2016 Best Business Bank. Exchange Bank can also be found in the North Bay Business Journal’s listing of leading SBA 7(a) Lenders, Wealth Management Advisors and Wine Industry Lenders.
Since 1994, the Volunteer Center of Sonoma County has named Exchange Bank the corporate champion in its division for raising the most money for the Human Race. The Bank provides employees paid time-off to participate in bank-sponsored fundraising events, and time to serve on boards of local nonprofits and share leadership talents. In 2016, it was the first financial institution in Sonoma County to become a “HeartSafe” business, installing Automated External Defibrillators AEDs) at most Exchange Bank locations and training employees in CPR.