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 declared a quarterly cash dividend of $0.14 per share, set for payment on May 17, 2021, to shareholders recorded by May 1, 2021. This decision reflects the company’s ongoing commitment to shareholder returns. Plumas Bank, headquartered in Quincy, California, operates 13 branches across Northern California and Nevada, and offers varied financial services, holding a Preferred Lender status from the SBA. The announcement signifies financial stability amid growth prospects.
Plumas Bancorp (Nasdaq: PLBC) reported record earnings for Q1 2021, achieving $4.4 million or $0.86 per share, a 34% increase from Q1 2020. Total assets rose by 37% to $1.2 billion, with deposits up 40% to $1.1 billion. The bank processed 774 Payroll Protection Program loans totaling $67 million. Despite a slight rise in nonperforming loans, the return on average equity improved to 17.7%. The company is set to acquire Feather River Bancorp, enhancing its market presence and expanding services.
Plumas Bancorp (Nasdaq:PLBC) has relocated its corporate office to Reno, Nevada, reinforcing its dedication to serving Northern Nevada's small to mid-sized businesses. The bank has a significant presence in the region, including a loan production office since 2006 and branches opened in 2015 and 2018. As of December 31, 2020, Plumas Bancorp reported assets of $1.1 billion, deposits of $974 million, and loans of $710 million. The move aims to enhance access to capital for local business owners, demonstrating a commitment to the community and regional growth.
Plumas Bancorp (Nasdaq: PLBC) has entered into a merger agreement to acquire Feather River Bancorp in a combined stock and cash transaction valued at approximately $21 million. Upon completion, the merged entity will have around $1.3 billion in assets and $1.1 billion in deposits, expanding its market footprint across Northeastern California and Western Nevada. Feather River, with its assets of about $182 million, will enhance Plumas' service offerings. The transaction is expected to be accretive to earnings per share by approximately 6.8% in 2021 and 8.1% in 2022.
Plumas Bancorp (Nasdaq:PLBC) has declared a quarterly cash dividend of $0.14 per share, payable on February 15, 2021, to shareholders of record as of February 1, 2021. Founded in 1980, Plumas Bank operates 13 branches in California and Nevada, providing a variety of financial services. The Bank has recently received accolades for its performance, including the Community Bankers Cup from Raymond James for being among the top five performing banks nationally, and being named a 'Super Premier' performing bank for the fifth year in a row.
Plumas Bancorp (Nasdaq:PLBC) reported record earnings of $4.3 million for Q4 2020, marking a 10% increase from the previous year. Earnings per share rose to $0.82.
However, annual net income decreased by 7% to $14.5 million, with EPS dropping to $2.77.
Total assets grew 28% to $1.1 billion, while total loans and deposits increased by 15% and 30%, respectively. The bank strengthened reserves amid COVID-19 challenges.
Plumas Bancorp (Nasdaq:PLBC) announces the retirement of board director William E. Elliott after 33 years of service, effective December 31, 2020, in accordance with the company's age-based retirement policy. Elliott, who joined in 1987, played a vital role in the bank’s growth, having served as president and CEO until 2005. Chairman Daniel E. West and CEO Andrew J. Ryback lauded Elliott's contributions, emphasizing his financial insights and strategic guidance. Plumas Bank has received multiple accolades, including recognition as one of the top-performing banks in the nation.
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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.
Plumas Bancorp (Nasdaq:PLBC) reported record total assets exceeding $1.1 billion and earnings for Q3 2020 of $3.7 million or $0.71 per share, down from $4.0 million or $0.78 per share in Q3 2019. The decline is attributed to a $500 thousand increase in the provision for loan losses due to pandemic-related economic impacts. For the nine months ended September 30, 2020, net income was $10.2 million, a decrease from $11.6 million in 2019. Total deposits rose by $201 million to $977 million, highlighting strong customer retention amidst economic uncertainty.