On Thursday, Exchange Bank (OTCMKTS:EXSR) was one of the companies which had come into the news cycle after the company made a significant new announcement. The company announced yesterday that it had appointed a new Vice President and a branch manager of its Santa Rosa Coddingtown branch in the form of Cameron Belvedere.
Market Action
On Thursday, EXSR stock lost 0.55% to $121 with more than 1.30K shares traded, compared to volume of 282 shares. The stock moved within a range of $121.00 – 122.19 after opening trading at $121.50.
Exchange Bank Welcomes Cameron Belvedere, Vice President and Branch Manager
The branch in question is situated at 1300 Gurnerville Rd in Santa Rosa, California. Belvedere is going to report directly to the vice president and regional sales manager of Exchange Bank, Dorothy Rodella. It was a significant new announcement from the company and it is going to be interesting to see if it leads to any traction for the Exchange Bank stock or not.
In this situation, it could be a good time to take a look at Belvedere’s credentials as an executive. He had started his career back in 2009 with Washington Mutual and went on to work for De Novo Rabobank in Santa Rosa. During his time at that branch he had been responsible for growing the deposits at the branch and that is something that may have been a factor in his appointment by Exchange Bank.
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