Exchange Bank announced the appointment of Tom Duryea as Executive Vice President and Chief Banking Officer, reporting to Troy Sanderson, President and CEO. He will be responsible for contributing to the strategic direction of the bank with a focus on the customer facing areas including Retail, Wholesale Lending, Residential and Consumer Lending and Product Innovation and Delivery.

“I am confident that the wealth of high-level experience that Tom brings to this position will serve the Bank well,” said Troy Sanderson, President and CEO.

“I have a passion for community banking and I am honored to join the exceptional team at Exchange Bank,” said Duryea. “It is the hard work and imagination of local business owners that create the culture, lifestyle and experiences that make Sonoma County unique. I commit to focusing our team’s expertise in resourcing the finance needs of local business owners as we partner together to create resiliency, growth, opportunity and our shared future here in Sonoma County.”

Recently, serving as CEO of Summit Bank in Oakland, CA, he had the distinct honor of leading the oldest woman-founded community bank in California.

Duryea, formerly President and CEO at Summit State Bank in Sonoma County, led the commercial bank for eight years. Under his leadership, the former savings and loan was successfully transformed to a top performing bank.