Founded in 1890, Exchange Bank is an independent community bank and is rated as one of the very best banks in the nation. Due to the foresight of our 2nd president, Frank Doyle, Exchange Bank can never be bought our sold. Mr. Doyle was determined that we remain a locally owned and managed community institution. As part of his last will and testament, his shares of Exchange Bank stock were put into a perpetual trust-a controlling interest of 50.39% establishing the Frank P. Doyle and Polly O’Meara Doyle Scholarship Fund. More than $52 million in scholarships has been awarded to over 83,000 students since 1948.