Welcome to our dedicated page for Plumas Bancorp news (Ticker: PLBC), a resource for investors and traders seeking the latest updates and insights on Plumas Bancorp stock.
Plumas Bancorp (NASDAQ: PLBC) is a bank holding company headquartered in Reno, Nevada, with a primary focus on providing a wide array of banking products and services in Northeastern California and Northwestern Nevada. Established in 1980, its community bank subsidiary, Plumas Bank, is well-regarded for its local management and award-winning services.
Plumas Bank offers a comprehensive range of deposit products, including checking accounts, interest-bearing checking, business sweep accounts, public funds sweep accounts, savings accounts, time deposits, and retirement accounts. The bank’s loan portfolio is diverse and includes commercial real estate loans, commercial and industrial loans, consumer loans, agricultural loans, residential real estate loans, and construction and land development loans. Revenue generation for the bank primarily comes from loans and investment securities, with service fees contributing to a lesser extent.
Recent achievements highlight Plumas Bank's strategic initiatives to bolster its financial standing and commitment to the communities it serves. Notably, MountainSeed Real Estate Services acquired nine properties operated as branches from Plumas Bank, entering into a 15-year leaseback agreement that allows the bank to continue its operations as usual. Additionally, a second sale-and-leaseback transaction is planned for completion in March 2024. This transaction is anticipated to enhance the bank's earnings profile, increase its book value, and generate higher yields and interest income streams.
Plumas Bank’s dedication to serving its community is further exemplified by its operational footprint, consisting of 15 branch offices across Northeastern California and Northern Nevada, along with loan production offices in California and Southern Oregon. This extensive network supports the bank's mission to provide personalized and locally-focused banking services.
For more information about Plumas Bancorp and its operations, visit plumasbank.com.
Contact Information:
Jamie Huynh, Investor Relations Plumas Bancorp
5525 Kietzke Lane Ste. 100, Reno, NV 89511
Phone: 775.786.0907 x8908
Email: investorrelations@plumasbank.com
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