Exchange Bank (OTC:EXSR) announces that it has named Michael Sullivan to be Executive Vice President and Chief Credit Officer, reporting to President and CEO Gary Hartwick, beginning October 15, 2018. He will be responsible for ensuring the overall credit quality of the Bank’s loan portfolio, including overseeing loan generation and the development of loan policies and procedures to ensure high levels of financial performance and compliance.

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Michael Sullivan, Executive Vice President & Chief Credit Officer, Exchange Bank (Photo: Business Wire)

"Mike’s long and distinguished career in Sonoma County gives him a deep understanding of the local market,” stated Gary Hartwick, President and CEO. “His track record of building strong credit cultures make him an excellent fit to round out our executive team.”

Mr. Sullivan has a strong and diverse knowledge of credit acquired through progressively responsible positions held at Wells Fargo Bank. Most recently, he served as a Senior Vice President in their Financial Institutions group where he led credit origination and strategies in the US, Canada and Europe. His previous roles included leadership for Wells Fargo’s Regional Commercial Banking group in Santa Rosa. Sullivan earned his MBA at the University of California, Berkeley and has served the community on various boards. He was a founding board member of the Sonoma State University Wine Business Institute and served on the board of the United Way of Sonoma, Mendocino and Lake Counties. He currently serves as a board member of Catholic Charities of the Diocese of Santa Rosa and the Sonoma State University Foundation.

About Exchange Bank

Headquartered in Sonoma County and founded in 1890, Exchange Bank is a premier community bank with assets of $2.6 billion. Exchange Bank provides 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 Marin, California. The Bank’s legacy of financial leadership and community support is grounded in its core values of Commitment, Respect, Integrity and Teamwork.

Exchange Bank is a 13-time winner of the North Bay Business Journal’s Best Places to Work survey, a recipient of the 2018 North Bay Community Philanthropy Award and the 2017 Healthiest Companies in the North Bay Award. NorthBay biz magazine named Exchange Bank the 2018 Best Consumer Bank and Gold Medal Winner for Best Business Bank. The North Bay Bohemian’s “Best of 2018” Readers Poll named Exchange Bank the Best Business Bank and Best Consumer 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. www.exchangebank.com.

Member FDIC — Equal Housing Lender — Equal Opportunity Employer

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