PLUMAS BANCORP DECLARES QUARTERLY DIVIDEND ISSUANCE

Rhea-AI Summary

Plumas Bancorp (Nasdaq:PLBC) has declared a quarterly cash dividend of $0.12 per share, set to be paid on November 16, 2020. Shareholders of record as of November 2, 2020 will receive the dividend. The Bank, recognized for its performance, operates 13 branches across California and Nevada, and offers various financial services. It has received accolades, including the Community Bankers Cup for being the 2nd best performing bank nationally and ranking in the top 2% of U.S. community banks.

Positive

• Declared a quarterly cash dividend of $0.12 per share.
• Recognized as the 2nd best performing bank in the nation.
• Ranked in the top 2% of U.S. community banks by S&P Global Market Intelligence.
• Operates 13 branches and multiple loan production offices, enhancing business reach.

Negative

• None.

QUINCY, Calif., Oct. 22, 2020 (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 $0.12 per share, payable November 16, 2020, to stockholders of record as of November 2, 2020.

About Plumas Bancorp

Founded in 1980, Plumas Bank is a locally owned and managed full-service community bank headquartered in Northeastern California. The Bank operates thirteen branches: eleven located in the California counties of Plumas, Lassen, Placer, Nevada, Modoc and Shasta and two branches located in Nevada in the counties of Washoe and Carson City. The Bank also operates four loan production offices: three located in the California Counties of Placer, Butte, and Tehama, and one located in the Oregon County of Klamath. 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. The Company was recently recognized by three prestigious firms: Raymond James and Associates awarded Plumas Bancorp with the Community Bankers Cup for operating the 2^nd Best Performing Bank in the nation; S&P Global Market Intelligence ranked Plumas Bank in the Top 2% of U.S. Community Banks; and, for the fourth year in a row, Plumas Bank was named a ‘Super Premier’ performing bank by The Findley Reports. 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 declared by Plumas Bancorp (PLBC)?

Plumas Bancorp has declared a quarterly cash dividend of $0.12 per share.

When will the dividend be paid to shareholders of PLBC?

The dividend will be paid on November 16, 2020.

What is the record date for the dividend payment by Plumas Bancorp (PLBC)?

The record date for the dividend payment is November 2, 2020.

How has Plumas Bank been recognized in the banking industry?

Plumas Bank has received the Community Bankers Cup for being the 2nd best performing bank and ranks in the top 2% of U.S. community banks.