| Exchange Bank | |
| Categories: |
California Online Banking/Business Accounts Online Banking/Personal Accounts Other/Investment Manager Trust Company/Trust by State/California |
| URL: | http://www.exchangebank.com/ |
| Description: |
Exchange Bank will be an independent conservatively run community bank forever. We will provide dividends to the Doyle Trust—which owns 51% of the Bank—for scholarships for worthy young men and women to attend the Santa Rosa Junior College and reward our shareholders. We will be a premier community bank based upon: • Superior financial performance • Excellence in customer service • Commitment to our community and employees A Brief History of Exchange Bank Exchange Bank was founded in 1890 by Manville Doyle and his son Frank—whose remarkable vision still guides us today. Through world wars, earthquakes, the Great Depression, and innumerable social changes, Exchange Bank has sought to lead, grow with, and serve its communities, customers and shareholders. Since its inception the Bank has had only six presidents. This is a brief look at their story—and ours. The beginning… Co–founder and first President Manville Doyle: Visionary After working in gold mines, breeding horses, and founding a stage company, Manville Doyle recognized Santa Rosa as the North Coast’s principal commerce center. He negotiated with area businessmen to launch a bank—Exchange Bank. He and his son, Frank Doyle, posted the working capital and held control from the beginning. Disaster strikes at dawn: April 18, 1906 On April 18, 1906 an earthquake struck, leveling Santa Rosa in less than ten minutes, killing nearly 70 people. Exchange Bank was little more than a pile of rubble. Donating the land where the Bank had stood to the City of Santa Rosa to rebuild on, the Doyles had a larger bank building erected on the corner of Fourth Street and Mendocino Avenue where its corporate headquarters are still located to this day. A Legacy for Sonoma County: Frank Doyle’s vision In a career marked by tremendous accomplishments, the most remarkable was Frank Doyle’s last will and testament. Determined that Exchange Bank remain a locally owned community institution, his shares of common stock went into a perpetual trust—the Doyle Scholarship Fund for assistance to “…worthy young men and women attending Santa Rosa Junior College.” A new president Charles W. Reinking was groomed to take over Exchange Bank. From teller through every executive position, Reinking always embraced change. He began the Trust Department, a state–of–the–art computer department and a cooperative management system. The Bank grew from three offices with $18 million in assets to nine offices, with assets of more than $67 million. New innovations The 1970’s began with a new president, Andrew J. Shepard. He served in multiple leadership capacities: Trustee of the Doyle Trust, Chairman of the Board, President, and Chief Executive Officer. He expanded the Bank and innovated further with drive–in and Saturday banking, as well as the introduction of the first cash–dispensing (ATM) machines. History repeats C. William Reinking, son of Charles W. Reinking, became President in 1985 and Chief Executive Officer in 1989. Through his leadership and dedication to delivering superior customer service, the Bank’s branch system grew to 19 Sonoma County locations. Delivering personal service with state–of–the–art technology contributed to the Bank’s success. Reinking was named Chairman of the Board in 2003. A new leader With Reinking assuming the position of Chairman of the Board, J. Barrie Graham was named President and Chief Executive Officer. He epitomizes the Bank’s strong tradition of integrity and service to the community. Graham has a strong vision of the Bank’s future and the importance that growth and the effective use of technology will have in continuing Exchange Bank’s history of success. |
| Title: | Exchange Bank |
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| Link Added: | 12-27-2006 |
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