Exchange Bank Expands to Silicon Valley through Trust Business Acquisition, Adding Two Trust Professionals in San Mateo

Contact: Greg Jahn, EVP, Chief Financial Officer
707.524.3218

Exchange Bank Expands to Silicon Valley through Trust Business Acquisition, Adding Two Trust Professionals in San Mateo

Santa Rosa, CA – Exchange Bank today announces that the acquisition of the American Trust and Savings Bank’s California Trust and Wealth Management business is complete. The acquisition is part of Exchange Bank’s expansion of trust and investment services and follows the October 2018 purchase of the trust department of First Northern Bank based in the Sacramento area.

Exchange Bank will keep American Trust and Saving Bank’s location in San Mateo. It will be managed by Senior Trust Officer Cathleen Colgan and Trust Administrative Assistant Jill Solle, who both joined Exchange Bank from American Trust. They will continue to work from their San Mateo office where they will focus on the development of new client relationships within the advisory community. Overall oversight of the trust department will continue to be under Exchange Bank Senior Vice President of Trust and Investment Management John Mackey in Santa Rosa.

“We believe the geographic expansion of our Trust & Investment Management department into the South Bay is a natural extension of our long-standing trust business,” said Gary Hartwick, president and CEO of Exchange Bank. “We are pleased to welcome Cathleen and Jill to the Exchange Bank family.”

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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 (NBBJ) Best Places to Work survey, a recipient of the 2018 North Bay Community Philanthropy Award and the 2018 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 NBBJ’s Book of Lists as a leading lender and wealth management advisor—claiming the #1 position in SBA 7(a) lending in Sonoma County for 2018.  www.exchangebank.com.