Exchange Bank, Santa Rosa, California
Sonoma County BALLE
Manville Doyle and his son Frank – whose remarkable vision still guides the bank today – founded Exchange Bank in 1890. Through world wars, earthquakes, the Great Depression, and innumerable social changes, Exchange Bank has sought to lead, grow with, and serve its communities, customers, and shareholders. Since its inception the Bank has had only six presidents.
After working in gold mines, breeding horses, and founding a stage company, Manville Doyle recognized Santa Rosa as the North Coast’s principal commerce center. He negotiated with area businessmen to launch a bank – Exchange Bank.
He and his son, Frank Doyle, posted the working capital and held control from the beginning.
On April 18, 1906, the famous San Francisco earthquake also hit the North Coast, leveling Santa Rosa in less than ten minutes and killing nearly 70 people. Exchange Bank was little more than a pile of rubble. Donating the land where the Bank had stood to the City of Santa Rosa to rebuild on, the Doyles had a larger bank building erected on the corner of Fourth Street and Mendocino Avenue, where its corporate headquarters are still located to this day.
In a career marked by tremendous accomplishments, the most remarkable was Frank Doyle’s last will and testament. Determined that Exchange Bank remain a locally owned community institution, his shares of common stock went into a perpetual trust - the Doyle Scholarship Fund for assistance to “…worthy young men and women attending Santa Rosa Junior College.”
The Exchange Bank Doyle Scholarship Trust has proven to be one of the most remarkable planned gifts in the history of American community college education. More than $72 million in scholarships has been awarded to more than 100,000 students since 1948.
Today, in addition to awarding scholarships, the bank donates to hundreds of Sonoma County agencies, institutions, and nonprofit organizations each year. Its mission statement: "Exchange Bank will be an independent conservatively run community bank forever."



