PLUMAS BANCORP DECLARES QUARTERLY CASH DIVIDEND

Rhea-AI Summary

Plumas Bancorp (Nasdaq:PLBC) has declared a quarterly cash dividend of $0.16 per share, which will be payable on November 15, 2022, to shareholders of record as of November 1, 2022. This announcement reflects the company's commitment to returning value to its shareholders.

Headquartered in Reno, Nevada, Plumas Bancorp operates the Plumas Bank and serves a diverse client base through its branches in California and Nevada, offering a range of financial services.

Positive

• Quarterly cash dividend of $0.16 per share reflects strong shareholder return.
• Dividend payable on November 15, 2022, shows company confidence in financial health.

Negative

• None.

RENO, Nev., Oct. 20, 2022 (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 $0.16 per share, payable November 15, 2022, to stockholders of record as of November 1, 2022.

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 amount for Plumas Bancorp?

Plumas Bancorp has declared a dividend of $0.16 per share.

When will the Plumas Bancorp dividend be paid?

The dividend will be paid on November 15, 2022.

What is the record date for Plumas Bancorp's dividend?

The record date for the dividend is November 1, 2022.

How often does Plumas Bancorp pay dividends?

Plumas Bancorp pays dividends on a quarterly basis.