Plumas Bank Recognized as a Super Premier Performing Bank for Five Consecutive Years by The Findley Reports
June 08 2020 - 9:00AM
Plumas Bancorp (NASDAQ:PLBC), the holding company (the “Company”)
for Plumas Bank, recently announced that Plumas Bank has been
recognized as a “Super Premier Performing” bank for its 2019
performance by the highly-regarded consulting and reporting firm,
The Findley Reports, Inc. This is the fifth consecutive year that
this prestigious distinction has been conferred upon Plumas Bank.
Each year, The Findley Reports recognizes high
performing banks throughout California and the Western United
States as “Super Premier,” “Premier,” and “Commendable” based upon
their operating results. Banks are rated on four basic components
which include growth, return on beginning equity, net operating
income as a percentage of average assets, and loan losses as a
percentage of gross loans.
Director, President and Chief Executive Officer,
Andrew J. Ryback, commented, “Earning this distinction for five
consecutive years is a testament to the strategic vision of our
directors and executives, and the hard work and dedication of our
entire team. Our focus is to provide a superior, relationship-based
banking experience for the communities we serve. We are very proud
of our history of banking excellence as we deliver on this priority
and are honored to be recognized by The Findley Reports.”
About The Findley ReportsFor
over fifty years The Findley Reports has been recognizing the
financial performance of banking institutions
in California and the Western United States. The
Findley Reports is the reporting service of The Findley Companies.
Since 1965, The Findley Companies have earned recognition as being
knowledgeable, innovative and effective in implementing solutions
to complex situations.
About Plumas BankFounded 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 northern
California counties of Plumas, Lassen, Placer, Nevada, Modoc and
Shasta and two branches located in the northern Nevada counties of
Washoe and Carson City. The Bank also operates three loan
production offices: two located in the northern California Counties
of Placer and Butte, and one located in the southern 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. For more information on Plumas Bancorp and
Plumas Bank, please visit our website at www.plumasbank.com.
This news release includes forward-looking
statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Exchange Act
of 1934, as amended and Plumas Bancorp intends for such
forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995. Future events are
difficult to predict, and the expectations described above are
necessarily subject to risk and uncertainty that may cause actual
results to differ materially and adversely.
Forward-looking statements can be identified by
the fact that they do not relate strictly to historical or current
facts. They often include the words "believe," "expect,"
"anticipate," "intend," "plan," "estimate," or words of similar
meaning, or future or conditional verbs such as "will," "would,"
"should," "could," or "may." These forward-looking statements are
not guarantees of future performance, nor should they be relied
upon as representing management's views as of any subsequent date.
Forward-looking statements involve significant risks and
uncertainties and actual results may differ materially from those
presented, either expressed or implied, in this news release.
Factors that might cause such differences include, but are not
limited to: the Company's ability to successfully execute its
business plans and achieve its objectives; changes in general
economic and financial market conditions, either nationally or
locally in areas in which the Company conducts its operations;
changes in interest rates; continuing consolidation in the
financial services industry; new litigation or changes in existing
litigation; increased competitive challenges and expanding product
and pricing pressures among financial institutions; legislation or
regulatory changes which adversely affect the Company's operations
or business; loss of key personnel; and changes in accounting
policies or procedures as may be required by the Financial
Accounting Standards Board or other regulatory agencies.
In addition, discussions about risks and
uncertainties are set forth from time to time in the Company’s
publicly available Securities and Exchange Commission filings. The
Company undertakes no obligation to publicly revise these
forward-looking statements to reflect subsequent events or
circumstances.
# # #
Contact:
Elizabeth Kuipers
Plumas Bank
Vice President, Marketing Manager & Investor Relations Officer
35 S Lindan Avenue
Quincy, CA 95971
530.283.7305 x8912
investorrelations@plumasbank.com
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