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Plumas Bank Releases 2024 Corporate Citizenship Report

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Plumas Bank, a subsidiary of Plumas Bancorp (NASDAQ: PLBC), has released its 2024 Corporate Citizenship Report. The report highlights the bank's commitment to best industry practices and community investment. Key focus areas include governance measures, client support, employee development, and community involvement.

Notable achievements include:

  • Early adoption of FedNow technology
  • Increased employee volunteer hours to 629 in 2023
  • Implementation of a leadership training program
  • Commitment to living wages and employee incentives
  • Environmental initiatives, including solar panel systems at multiple branches

The report underscores Plumas Bank's dedication to community-focused banking and its role in supporting regional economic growth.

Plumas Bank, una filiale di Plumas Bancorp (NASDAQ: PLBC), ha pubblicato il suo Rapporto sulla Cittadinanza Aziendale 2024. Il rapporto mette in evidenza l'impegno della banca per le migliori pratiche del settore e gli investimenti nella comunità. I principali settori di attenzione includono misure di governance, supporto ai clienti, sviluppo dei dipendenti e coinvolgimento della comunità.

Tra i risultati notevoli ci sono:

  • Adozione anticipata della tecnologia FedNow
  • Aumento delle ore di volontariato dei dipendenti a 629 nel 2023
  • Implementazione di un programma di formazione per leader
  • Impegno per salari dignitosi e incentivi per i dipendenti
  • Iniziative ambientali, tra cui sistemi di pannelli solari in diverse filiali

Il rapporto sottolinea la dedizione di Plumas Bank al bancario orientato alla comunità e al suo ruolo nel sostenere la crescita economica regionale.

Plumas Bank, una subsidiaria de Plumas Bancorp (NASDAQ: PLBC), ha publicado su Informe sobre Ciudadanía Corporativa 2024. El informe destaca el compromiso del banco con las mejores prácticas de la industria y la inversión en la comunidad. Las áreas clave de enfoque incluyen medidas de gobernanza, apoyo al cliente, desarrollo de empleados y participación comunitaria.

Logros notables incluyen:

  • Adopción temprana de la tecnología FedNow
  • Aumento de horas de voluntariado de empleados a 629 en 2023
  • Implementación de un programa de capacitación para líderes
  • Compromiso con salarios dignos e incentivos para empleados
  • Iniciativas ambientales, incluidos sistemas de paneles solares en múltiples sucursales

El informe subraya la dedicación de Plumas Bank a la banca centrada en la comunidad y su papel en el apoyo al crecimiento económico regional.

플루마스 뱅크(Plumas Bank)는 플루마스 뱅코프(Plumas Bancorp)의 자회사로서 (NASDAQ: PLBC), 2024년 기업 시민권 보고서를 발표했습니다. 이 보고서는 은행이 업계 최고의 관행과 지역 사회 투자에 대한 헌신을 강조합니다. 주요 초점 영역은 거버넌스 조치, 고객 지원, 직원 개발 및 지역 사회 참여입니다.

주목할 만한 성과는 다음과 같습니다:

  • FedNow 기술의 조기 채택
  • 2023년 629시간으로 증가한 직원 자원봉사 시간
  • 리더십 훈련 프로그램 구현
  • 생활 임금과 직원 인센티브에 대한 약속
  • 여러 지점에 설치된 태양광 패널 시스템을 포함한 환경 이니셔티브

이 보고서는 커뮤니티 중심의 은행업에 대한 플루마스 뱅크의 헌신과 지역 경제 성장을 지원하는 역할을 강조합니다.

Plumas Bank, une filiale de Plumas Bancorp (NASDAQ: PLBC), a publié son Rapport sur la Citoyenneté d'Entreprise 2024. Le rapport souligne l'engagement de la banque envers les meilleures pratiques du secteur et les investissements communautaires. Les principaux domaines d'accent incluent les mesures de gouvernance, le soutien aux clients, le développement des employés et l'implication communautaire.

Parmi les réalisations notables, on trouve :

  • Adoption précoce de la technologie FedNow
  • Augmentation des heures de bénévolat des employés à 629 en 2023
  • Mise en œuvre d'un programme de formation au leadership
  • Engagement à garantir des salaire dignes et des incitations pour les employés
  • Initiatives environnementales, y compris des systèmes de panneaux solaires dans plusieurs agences

Le rapport souligne le dévouement de Plumas Bank à une banque axée sur la communauté et son rôle dans le soutien à la croissance économique régionale.

Plumas Bank, eine Tochtergesellschaft von Plumas Bancorp (NASDAQ: PLBC), hat ihren Corporate Citizenship Bericht 2024 veröffentlicht. Der Bericht hebt das Engagement der Bank für die besten Branchenpraktiken und die Investitionen in die Gemeinschaft hervor. Die Schwerpunktbereiche umfassen Governance-Maßnahmen, Kundensupport, Mitarbeiterschulung und Gemeinschaftsbeteiligung.

Bemerkenswerte Erfolge sind:

  • Frühzeitige Einführung der FedNow-Technologie
  • Erhöhung der Freiwilligenstunden der Mitarbeiter auf 629 im Jahr 2023
  • Einführung eines Führungs-Trainingsprogramms
  • Verpflichtung zu existenzsichernden Löhnen und Mitarbeiteranreizen
  • Umweltinitiativen, einschließlich Solaranlagen in mehreren Filialen

Der Bericht unterstreicht das Engagement von Plumas Bank für eine gemeinschaftsorientierte Bankenpolitik und ihre Rolle bei der Unterstützung des regionalen Wirtschaftswachstums.

Positive
  • Early adoption of FedNow technology, placing Plumas Bank among the first 10% of banks in the San Francisco Federal Reserve District to implement it
  • Increase in employee volunteer hours to 629 in 2023, including 88 hours of financial literacy education for 2,966 students
  • Implementation of a leadership training program in 2024 for internal talent development
  • Provision of employee educational support up to $5,000 annually
  • Commitment to paying living wages, consistently exceeding minimum wage requirements for the past five years
  • Installation of solar panel systems at multiple branches to offset electrical usage
Negative
  • None.

Findings detail bank’s commitment to the communities in which it operates

Reno, Nev., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Plumas Bank, a wholly-owned subsidiary of Plumas Bancorp, is pleased to publish its 2024 Corporate Citizenship Report, providing investors, employees and partners an update about its efforts to instill best industry practices and forward-thinking investments in every aspect of the bank’s operations.

“Corporate citizenship is deeply embedded in our organization, and as we continue to grow, our actions will consistently align with our promise to help our clients achieve big things,” said Andrew Ryback, President and CEO of Plumas Bank. “We’re proud to present this report to our stakeholders and investors, as it demonstrates our bank’s unwavering commitment to prioritizing our clients and continually improving how we do our work.”

The full corporate citizenship report can be found on Plumas Bancorp’s investor relations website. The report covers several key areas of focus for the bank including governance measures, client support efforts, and investments in Plumas Bank team members, as well as in the communities within the Plumas Bank footprint. Some of the highlights from the 2024 Corporate Citizenship Report include:

  • Technological development: Plumas Bank continues to assess opportunities for technology implementation to enhance efficiency, reduce environmental impacts, and better serve clients. Plumas Bank is amongst the first 10% of banks in the San Francisco Federal Reserve District to implement FedNow as a receiving institution.
  • Client Support: Plumas Bank’s policies allow for fee waivers, loan deferments, and other forms of client support in the event of client hardship.
  • Employee Educational Support: Employee educational support of up to $5,000 annually available. Additionally, some employees attend banking school and other career-related training paid for by Plumas Bank.
  • Community Volunteerism & Financial Literacy: Plumas Bank employees’ volunteer hours increased to 629 in 2023, including 88 hours of financial literacy education for 2,966 students in local schools in 2023.
  • Professional development: Plumas Bank initiated a leadership training program in 2024 to further develop internal talent.
  • Living Wages: starting pay at Plumas Bank consistently exceeds minimum wage requirements and has for the past five years.
  • Environmental monitoring: Plumas Bank assessed electrical usage across our branch and administrative facilities, with solar panel systems offsetting usage at the Chico, Quincy, Truckee, and Yuba City branches.
  • Shared Success: Plumas Bank provides a non-equity incentive plan paid annually to all employees regularly scheduled to work at least 20 hours per week. Additionally, stock options are awarded at all titled levels.

“Plumas Bank has consistently grown and refined its operating practices to deliver best-in-class service to our clients and superior returns for our investors; this Corporate Citizenship Report highlights our company’s hard work and dedication to serving our communities,” said Heidi Seevers Gansert, board member and chair of Plumas Bank’s Corporate Governance & Compensation Committee.

Plumas Bank was founded in 1980 by a group of local business owners in Quincy, California, with a mission to create a community-focused bank. Over the years, it expanded throughout Northern California and Nevada, growing steadily and acquiring several branches, including entering the NASDAQ market in 2005. The bank remains committed to its local roots, emphasizing personalized service, community impact, and employee dedication. Today, with over 200 team members, Plumas Bank is a key financial institution in the region, contributing significantly to the local economy.

“Financial institutions like Plumas Bank are the foundation of regional economies and are essential to business growth and community prosperity,” added Heidi Seevers Gansert, who also serves as a Nevada State Senator. “As demonstrated by our Corporate Citizenship Report, Plumas Bank continues to lead the way through implementing high governance standards, being transparent about business practices and giving back directly to the communities where we operate.”

To read the full 2024 Corporate Citizenship Report, visit Plumas Bancorp’s investor relations website.

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About Plumas Bancorp and Plumas Bank
Plumas Bank is a locally managed, award-winning community bank founded in 1980 and headquartered in Quincy, California. It is a subsidiary of Plumas Bancorp (NASDAQ: PLBC), a bank holding company headquartered in Reno, Nevada. With 15 branch offices serving Northeastern California and Northern Nevada, and loan production offices in California and southern Oregon, Plumas Bank offers a wide range of financial services to consumers and businesses and is a Preferred Lender with the U.S. Small Business Administration. Member FDIC. Equal Housing Lender. For more information regarding Plumas Bancorp and Plumas Bank, visit plumasbank.com


FAQ

What are the key highlights of Plumas Bank's 2024 Corporate Citizenship Report?

The key highlights include early adoption of FedNow technology, increased employee volunteer hours to 629 in 2023, implementation of a leadership training program, commitment to living wages, and environmental initiatives such as solar panel systems at multiple branches.

How does Plumas Bank (PLBC) support its employees' professional development?

Plumas Bank offers employee educational support of up to $5,000 annually, pays for some employees to attend banking school and other career-related training, and initiated a leadership training program in 2024 to develop internal talent.

What community involvement initiatives does Plumas Bank (PLBC) engage in?

Plumas Bank employees contributed 629 volunteer hours in 2023, including 88 hours of financial literacy education for 2,966 students in local schools. The bank also supports community prosperity through its operations and services.

How does Plumas Bank (PLBC) address environmental concerns in its operations?

Plumas Bank has assessed electrical usage across its branches and administrative facilities, and has installed solar panel systems to offset usage at the Chico, Quincy, Truckee, and Yuba City branches.

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