On February 22, 2023, the Board of Directors of Exchange Bank declared a first quarter 2023 cash dividend of $1.30 per share on common stock outstanding to shareholders of record at the close of business on March 6, 2023. The dividend is payable on March 17, 2023. The cash dividend increased $0.05 from the prior quarter's dividend of $1.25 per share.

50.44% of the Bank's cash dividend goes to the Doyle Trust which funds the Doyle Scholarships at the Santa Rosa Junior College.