Plumas Bancorp Declares Quarterly Cash Dividend

Rhea-AI Summary

Plumas Bancorp (Nasdaq:PLBC) has announced a quarterly cash dividend of $0.25 per share, payable on February 15, 2023, to stockholders of record as of February 1, 2023. This announcement reflects the company’s commitment to return income to its shareholders. Plumas Bancorp operates as a community bank providing a variety of financial services through its 14 branches across California and two in Nevada. Founded in 1980, Plumas Bank has earned a preferred lender status with the United States Small Business Administration, enhancing its service credibility.

Positive

• Quarterly cash dividend of $0.25 per share.
• Demonstrates commitment to returning income to shareholders.
• Preferred lender status with the Small Business Administration enhances service credibility.

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• None.

RENO, Nev., Jan. 19, 2023 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank (the “Bank”), today announced that the Board of Directors declared a regular quarterly cash dividend on Plumas Bancorp common stock of $0.25 per share, payable February 15, 2023, to stockholders of record as of February 1, 2023.

About Plumas Bancorp

Plumas Bancorp is headquartered in Reno, Nevada. Plumas Bancorp’s principal subsidiary is Plumas Bank, which was founded in 1980. Plumas Bank is a full-service community bank headquartered in Quincy, California. The bank operates fourteen branches: twelve located in the California counties of Lassen, Modoc, Nevada, Placer, Plumas, Shasta and Sutter and two branches located in Nevada in the counties of Carson City and Washoe. The bank also operates three loan production offices located in the California Counties of Butte and Placer and Klamath Falls, Oregon. Plumas Bank offers a wide range of financial and investment services to consumers and businesses and has received nationwide Preferred Lender status with the United States Small Business Administration. For more information on Plumas Bancorp and Plumas Bank, please visit our website at www.plumasbank.com.

Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve the risks and uncertainties, including the timely availability and acceptance of Bank products, the impact of competitive products and pricing, the management of growth, and other risks detailed from time to time in the Bank's publicly available regulatory reports.

FAQ

What is the dividend per share announced by Plumas Bancorp?

Plumas Bancorp announced a quarterly cash dividend of $0.25 per share.

When will the dividend be paid to shareholders of Plumas Bancorp?

The dividend will be paid on February 15, 2023.

What is the record date for receiving the dividend from Plumas Bancorp?

The record date for receiving the dividend is February 1, 2023.

Is Plumas Bancorp a preferred lender with the Small Business Administration?

Yes, Plumas Bancorp has received preferred lender status from the Small Business Administration.

How many branches does Plumas Bank operate?

Plumas Bank operates 14 branches across California and Nevada.