Plumas Bancorp reports news centered on its role as the parent company of Plumas Bank, a community banking institution serving commercial and retail customers in Northeastern California and Northwestern Nevada. Recurring updates cover quarterly earnings, net interest income, credit-loss provisions, loan and deposit trends, and the effect of the completed Cornerstone Community Bank acquisition on reported results.
Company announcements also include capital actions such as regular cash dividends and common-stock repurchase authorization, along with bank leadership changes tied to credit administration and portfolio management. The business profile includes deposit accounts, digital banking, commercial real estate, commercial and industrial, agricultural, consumer, residential real estate, and construction lending.
Plumas Bancorp (NASDAQ: PLBC) has been re-included in the US small-cap Russell 2000® Index as of July 1, 2024, following the annual reconstitution of the Russell indexes. This inclusion, lasting for one year, is based on its membership in the broader Russell 3000 Index and includes automatic placement in relevant growth and value indexes. Andrew J. Ryback, CEO of Plumas Bancorp, highlighted that inclusion in the Russell 2000 enhances stock liquidity due to passive investment trends. The Russell indexes, managed by FTSE Russell, are key benchmarks for $10.5 trillion in assets. FTSE Russell's CEO, Fiona Bassett, emphasized that the indexes evolve to accurately reflect market segments. Plumas Bank, a subsidiary of Plumas Bancorp, operates 15 branches and several loan offices in California, Nevada, and Oregon. For more information, visit the FTSE Russell and Plumas Bank websites.
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