PLUMAS BANCORP ANNOUNCES SEMI-ANNUAL CASH DIVIDEND
October 17 2019 - 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 $0.23 per share, payable November 15, 2019, to stockholders of
record as of November 1, 2019.
The Company recently reported record earnings
during the three and nine months ended September 30, 2019 of $4.0
million and $11.6 million, respectively. In addition, total assets
were up 15% year-over-year to a record level of $889 million.
Director, President and Chief Executive Officer,
Andrew J. Ryback, commented, “We are pleased to announce this
dividend which was made possible by the Company’s consistent
superior performance, strong capital levels and effective business
model.” Ryback added, “The Board wishes to express its
appreciation to our valued shareholders for their commitment to
Plumas Bank.”
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 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 four
loan production offices: three located in the northern California
Counties of Placer, Butte, and Tehama, 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.
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 Kuipers
Plumas Bank
Vice President, Marketing Manager & Investor Relations Officer
35 S Lindan Avenue
Quincy, CA 95971
530.283.7305 x8912
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