Plumas Bancorp Declares Quarterly Cash Dividend

Rhea-AI Summary

Plumas Bancorp (Nasdaq:PLBC) announced a quarterly cash dividend of $0.16 per share, payable on February 15, 2022, to shareholders of record as of January 31, 2022. The company continues its commitment to returning value to shareholders while managing its operations across 14 branches in California and Nevada. Plumas Bank, the company's principal subsidiary, offers a wide array of financial services and has achieved Preferred Lender status with the SBA.

Positive

• Declaration of a quarterly cash dividend of $0.16 per share, signaling financial health and shareholder value.
• Plumas Bank's status as a Preferred Lender with the SBA indicates strong operational credibility.

Negative

• None.

RENO, Nev., Jan. 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 February 15, 2022, to stockholders of record as of January 31, 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 in 2022?

Plumas Bancorp declared a quarterly cash dividend of $0.16 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on February 15, 2022.

What date do I need to be a shareholder to receive the dividend?

Shareholders must be on record by January 31, 2022, to receive the dividend.

What is the significance of Plumas Bank's Preferred Lender status?

It indicates a strong reputation and capability to provide financial services efficiently, enhancing business development.