QUINCY, Calif., Oct. 19, 2017 (GLOBE NEWSWIRE) -- 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.