Plumas Bank Recognized as Leader in Banking Growth and Stability
July 31 2023 - 9:00AM
America’s banking system has experienced significant challenges in
the past several years. The country saw its first bank failures
since the Great Recession. Increased interest rates and supply
chain challenges led to deposit outflows from many institutions.
Businesses of all sizes continue to recover from the COVID-19
pandemic by reimagining and right-sizing their business models and
operations.
Through this period, Plumas Bank has been consistently
recognized as an industry leader in the banking sector, from local,
regional and national entities including Raymond James &
Associates; Keefe, Bruyette & Woods, Inc. (KBW); S&P
Global; and many others. As a community bank, Plumas Bank has
consistently reinvested in the communities where it operates and
helped power the businesses that make those communities vibrant and
sustainable.
“Our focus on building meaningful, lasting relationships with
our clients has allowed Plumas Bank to thrive,” said Andrew Ryback,
President and CEO of Plumas Bank. “We have continued to deliver
excellent returns for our investors because we have made smart
lending decisions focused on balancing growth with stability while
always focusing on serving the communities where we operate in
Nevada and northeast California. We are deeply humbled to have been
consistently recognized for that performance with accolades and
awards from major institutions.”
Plumas Bank continues to expand its geographic footprint to
serve more clients in the business and agriculture sectors,
including recently opening a new full-service branch in Chico,
Calif. The bank has delivered strong economic performance as a
result of sound management and prudent business practices. This
growth has led to Plumas Bank being named to the KBW Bank Honor
Roll, an annual list of banking institutions demonstrating a
consistently strong track record of earnings growth over the past
decade. For 2022, only 14 institutions nationwide received this
recognition from Keefe, Bruyette & Woods, Inc., a leading
investment bank specializing in the financial services and fintech
sectors.
The bank was also recently added to the Russell 2000 Index by
FTSE Russell, a global index leader that provides innovative
benchmarking, analytics, and data solutions for investors
worldwide. FTSE Russell calculates thousands of indexes that
measure and benchmark markets and asset classes in more than 70
countries, covering 98% of the investable market globally.
“Our industry is about establishing and maintaining trust by
delivering what our clients and the market need,” added Ryback.
“Our longevity and strategic growth decisions have allowed us to
build those trusting relationships that navigate the ups and downs
of the economy and provide stable, reliable results every
year.”
That stability is reflected in Plumas Bank’s recurring inclusion
on some of the industry’s most prestigious lists and award
recognitions. For the 6th year in a row, Plumas Bank has won the
Raymond James Community Bankers Cup, which is
awarded to the top performing 10% of banks in the $500 million to
$10 billion asset range. In each of the six years that Plumas Bank
has been awarded the Community Bankers Cup, it has been ranked in
the top five of best performing banks in the nation by Raymond
James & Associates; in 2022, the Bank was ranked 3rd best
performing bank in its class.
For the 5th year in a row, Plumas Bank was named to the
Bison Select list by D.A. Davidson; the biannual
report features 86 small- and micro-cap banks with a focus on
recognizing a subsection of emerging institutions with favorable
characteristics that may otherwise be overlooked by investors.
“Recognition from national experts validates the work we have
done to deliver for our clients and to support the communities in
California and Nevada where we operate,” said Ryback. “Our success
as a community bank is directly linked to the success of the
communities we serve. We will continue to put the needs of our
community, and the businesses that make those communities thrive,
at the center of our operations and power those communities for
decades to come.”
Visit plumasbank.com to learn more.
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About Plumas Bancorp and Plumas BankFounded in
1980, Plumas Bank is a locally managed, full-service community bank
headquartered in Quincy, California. The bank’s holding company,
Plumas Bancorp, was formed in 2002 and entered the Nasdaq small cap
market in 2005. Plumas Bancorp is headquartered in Reno, Nevada.
With the opening of a full-service branch in Chico, Calif., Plumas
Bank operates fifteen branches: thirteen located in the California
counties of Butte, Lassen, Nevada, Modoc, Plumas, Placer, Shasta
and Sutter, and two branches located in Nevada in the counties of
Washoe and Carson City. The bank also operates two loan production
offices: one located in Placer County, Calif., and one located in
Klamath County, Oregon. Plumas Bank offers a wide range of
financial services to consumers and businesses and has received
nationwide Preferred Lender status with the United States Small
Business Administration. Member FDIC. Equal Housing Lender. For
more information on Plumas Bancorp and Plumas Bank, please visit
our website at plumasbank.com.
Media Contacts:
Owen Truesdell, The Abbi Agency
owen@theabbiagency.com
775-446-4599
Stacy Kendall, Plumas Bank
stacy.kendall@plumasbank.com
775-786-0907 x8915
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