PLUMAS BANCORP (NASDAQ:PLBC) Files An 8-K Other EventsItem 8.01 Other Events.
On May 22, 2018, Plumas Bancorp announced the execution of a branch purchase and assumption agreement by its wholly owned subsidiary, Plumas Bank. Under the agreement, Plumas Bank would purchase and assume substantially all of the assets and deposits of Mutual of Omaha Bank’s Carson City, Nevada branch office.
The transaction has been approved by both Plumas Bank’s and Mutual of Omaha Bank’s Boards of Directors. Completion of the transaction is subject to customary closing conditions, including regulatory approvals.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release Announcing Agreement to Purchase Branch Office
PLUMAS BANCORP ExhibitEX-99.1 2 ex_115078.htm EXHIBIT 99.1 ex_115078.htm Exhibit 99.1 Plumas Bank Agrees to Purchase Carson City,…To view the full exhibit click here
About PLUMAS BANCORP (NASDAQ:PLBC)
Plumas Bancorp is a bank holding company. The Company’s primary subsidiary is Plumas Bank. The Bank is a California state-chartered bank. The Federal Deposit Insurance Corporation (the FDIC) up to maximum insurable amounts insures the Bank’s deposit accounts. The Bank operates through its approximately 10 branch networks. The Bank maintains approximately 15 automated teller machines (ATMs) tied in with statewide and national networks. In addition to its branch network, the Bank operates lending offices specializing in government-guaranteed lending in Auburn, California and Beaverton, Oregon, a commercial/agricultural lending office located in Chico, California, and a commercial loan office located in Reno, Nevada. The Bank’s loan portfolio consists commercial real estate loans; commercial and industrial loans; consumer loans; agricultural loans; residential real estate loans, and construction and land development loans.
