Plumas Bancorp Declares Semi-Annual Cash Dividend Payment to Shareholders
October 19 2017 - 9:00AM
Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank
(the “Bank”), today announced that the Board of Directors declared
a regular semi-annual cash dividend on Plumas Bancorp common stock
of $0.14 per share, payable November 15, 2017, to stockholders of
record as of November 1, 2017.
The Company recently released its financial
results for the quarter-ended September 30, 2017, reporting that
net income was up 31% and total assets were up 11% year-over-year.
Director, President and Chief Executive Officer, Andrew J. Ryback,
commented, “We are pleased to announce a $0.14 per share
semi-annual cash dividend to our shareholders. This is a direct
result of the continued success and focus of this organization; all
the while, we have retained sufficient capital levels to be
recognized as a super premier performing, well capitalized
financial institution by The Findley Reports.”
About Plumas Bancorp
Founded in 1980, Plumas Bank is a locally owned
and managed full-service community bank headquartered in
Northeastern California. The Bank operates twelve branches: eleven
located in the California counties of Plumas, Lassen, Placer,
Nevada, Modoc and Shasta and one branch in the Nevada County of
Washoe. The Bank also operates four loan production offices: two
located in the California Counties of Placer and Butte, one located
in the Oregon County of Klamath, and one located in the Arizona
County of Maricopa. 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.
Except for the historical information contained
herein, the matters discussed in this news release are
forward-looking statements that involve the risks and
uncertainties, including the timely availability and acceptance of
Bank products, the impact of competitive products and pricing, the
management of growth, and other risks detailed from time to time in
the Bank's publicly available regulatory reports.
Contact: Elizabeth KuipersVice President, Marketing Manager
& Investor Relations OfficerPlumas Bank35 S. Lindan
AvenueQuincy, CA 95971530.283.7305
ext.8912investorrelations@plumasbank.com
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