Welcome to our dedicated page for Plumas news (Ticker: PLBC), a resource for investors and traders seeking the latest updates and insights on Plumas stock.
Plumas Bancorp (NASDAQ: PLBC) is the Reno, Nevada-based holding company for Plumas Bank, a locally managed community bank founded in 1980 and headquartered in Quincy, California. This news page aggregates company announcements, earnings releases and transaction updates so readers can follow how this commercial banking institution operates across Northeastern California, Northern Nevada and parts of Oregon.
News coverage for Plumas Bancorp frequently includes quarterly earnings reports, where the company discusses net income, net interest income, provisions for credit losses, loan and deposit growth, asset quality metrics and balance sheet trends. These releases often highlight changes in loan mix, such as commercial real estate, commercial, agricultural, residential real estate and consumer lending, as well as shifts in deposit composition and use of repurchase agreements or brokered deposits.
Investors and analysts can also track strategic transactions through PLBC news, including the completed acquisition of Cornerstone Community Bancorp and Cornerstone Community Bank effective July 1, 2025. Related announcements describe the addition of new branches in Anderson, Red Bluff and Redding, California, pro forma asset and deposit levels, and integration of Cornerstone’s leadership into Plumas Bank’s executive team and board.
Other recurring news items include dividend declarations, with regular quarterly cash dividends documented in press releases and corresponding Form 8-K filings, and governance and leadership updates, such as executive appointments, change in control agreements and credit administration leadership transitions. Plumas Bank also publishes updates on its Corporate Citizenship Report, outlining its mission, values, client advocacy, workforce development and community engagement.
By reviewing this news feed, readers can see how Plumas Bancorp manages growth, risk, capital and community commitments over time, using primary company disclosures rather than secondary commentary.
Plumas Bancorp (Nasdaq: PLBC) has completed its acquisition of Cornerstone Community Bancorp for approximately $61.3 million, effective July 1, 2025. The transaction terms included 0.6608 shares of Plumas common stock and $9.75 in cash for each Cornerstone share.
The merger adds four branches in Anderson, Red Bluff, and Redding, California. On a pro forma basis, the combined entity now has total assets of $2.3 billion, loans of $1.5 billion, and deposits of $1.9 billion. Ken Robison joins Plumas's board, while Matthew B. Moseley assumes the role of Executive Vice President and Market President.
Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank, has announced a regular quarterly cash dividend of $0.30 per share. The dividend will be payable on May 15, 2025, to stockholders of record as of May 1, 2025.
Plumas Bank, founded in 1980 and headquartered in Quincy, California, operates 15 branch offices across Northeastern California and Northern Nevada, along with loan production offices in California and southern Oregon. The bank holding company is headquartered in Reno, Nevada, and is recognized as one of the top performing community banks in the country.
Plumas Bancorp (PLBC) reported strong Q1 2025 results with earnings of $7.2 million or $1.21 per share, up from $6.3 million in Q1 2024. Net-interest income increased by $1.1 million to $18.5 million, while non-interest income rose to $3.2 million.
Key highlights include:
- Gross loans increased 3.5% to $1.0 billion
- Total deposits grew 5.6% to $1.4 billion
- Book value per share increased 15.7% to $31.68
- Return on average assets improved to 1.79%
The company announced a definitive merger agreement with Cornerstone Community Bancorp, which will create a combined entity with over $2.3 billion in assets. The merger-related costs totaled $569 thousand in Q1. Asset quality improved with nonperforming assets decreasing to 0.23% of total assets, down from 0.37% year-over-year.
Plumas Bancorp (PLBC) has announced a definitive merger agreement to acquire Cornerstone Community Bancorp (CRSB) in a stock and cash transaction valued at approximately $64.6 million. The combined entity will have approximately $2.3 billion in assets, $2.0 billion in deposits, and $1.5 billion in loans, operating 19 branches across Northern California and Western Nevada.
Under the agreement terms, Cornerstone shareholders will receive 0.6608 shares of Plumas common stock and $9.75 in cash per share. The transaction values Cornerstone shares at $41.31 based on Plumas' closing price of $47.76 on January 28, 2025. Post-merger, Cornerstone shareholders will own approximately 14% of Plumas' outstanding common stock.
The acquisition is expected to be 9% accretive to earnings per share in 2025 and 23% accretive in 2026, with an estimated 13% dilution to tangible book value per share at close. The merger is anticipated to close in the second half of 2025, subject to regulatory and shareholder approvals.
Plumas Bancorp (Nasdaq:PLBC) has appointed Kevin Foster to its Board of Directors, effective January 15, 2025. Foster brings 40 years of experience in banking and technology, having recently retired in 2023 from Ernst & Young. His expertise spans lending, technology, cybersecurity, data, consulting, and sales, with a focus on transformation, efficiency, and compliance.
Foster holds a Bachelor of Science degree in Finance from San Jose State University. The appointment was welcomed by Andrew J. Ryback, Director, President and CEO of Plumas Bancorp and Plumas Bank, who emphasized Foster's potential contribution to enhancing banking products, supporting communities, and delivering shareholder value.
Based between Lake Tahoe and the Bay Area, Foster has board experience with Junior Achievement and various homeowner associations, and volunteers at Glide Memorial in San Francisco.
Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank, has announced a regular quarterly cash dividend of $0.30 per share. The dividend will be payable on February 17, 2025, to stockholders of record as of February 3, 2025.
Plumas Bank, founded in 1980 and headquartered in Quincy, California, operates 15 branch offices across Northeastern California and Northern Nevada, along with loan production offices in California and southern Oregon. The bank is recognized as one of the top performing community banks in the country.
Plumas Bancorp (PLBC) reported Q4 2024 earnings of $7.7 million ($1.31 per share), up from $7.5 million ($1.28 per share) in Q4 2023. For the full year 2024, net income was $28.6 million ($4.85 per share), down from $29.8 million ($5.08 per share) in 2023.
Key balance sheet highlights as of December 31, 2024: Gross loans increased 6% to $1 billion, deposits grew 3% to $1.4 billion, while investment securities decreased 10% to $438 million. Shareholders' equity increased 21% to $178 million.
The bank's asset quality remained strong with nonperforming assets at 0.27% of total assets, down from 0.33% year-over-year. The allowance for credit losses was 1.30% of total loans. Net interest margin improved to 4.90% in Q4 2024, up from 4.74% in Q4 2023.
Plumas Bancorp (Nasdaq:PLBC) announced the retirement of Terrance J. Reeson from its Board of Directors, effective December 31, 2024, after 40 years of service. Reeson, who joined the board in 1984, served as board secretary for over three decades and participated in various committees including Audit & Risk, Executive, and Governance & Compensation.
Chairman Daniel E West acknowledged Reeson's contributions in driving the organization forward. Plumas Bank, a subsidiary of Plumas Bancorp, operates as a community bank with 15 branch offices in Northeastern California and Northern Nevada, along with loan production offices in California and southern Oregon. The bank maintains an asset size exceeding $1.6 billion and is recognized as one of the top performing community banks in the country.
Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank, has announced a regular quarterly cash dividend of $0.27 per share on its common stock. The dividend is payable on November 15, 2024, to stockholders of record as of November 1, 2024.
Plumas Bank, a subsidiary of Plumas Bancorp, is a locally managed community bank founded in 1980 and headquartered in Quincy, California. The bank operates 15 branch offices in Northeastern California and Northern Nevada, along with loan production offices in California and southern Oregon. Plumas Bank is recognized as one of the top performing community banks in the country.