QUINCY, Calif., March 14, 2018 (GLOBE NEWSWIRE) — Plumas Bancorp (NASDAQ:PLBC), the holding company (the “Company”) for Plumas Bank , was recently awarded the prestigious Community Bankers Cup by Raymond James & Associates for operating one of the top performing community banks in the country.
Raymond James evaluated 272 publicly traded community banks with assets between $500 million and $10 billion on six financial performance metrics focused on asset quality, deposit composition, profitability, expense control and returns. The top 10% performing banks were awarded the Raymond James & Associates’ Community Bankers Cup.
“We’re thrilled to announce that of the 272 community banks across the United States analyzed for the awards, Plumas Bancorp made the top 10% thus earning the Banker’s Cup. But even more exciting is that out of the 28 chosen for the award, Plumas Bancorp ranked fifth overall, ” commented Andrew J. Ryback, Director, President and Chief Executive Officer.
Ryback continued, “One of the key take-aways from the analyses that we are most proud of was Plumas Bancorp’s five-year stock performance. With our stock price increasing by over 600%, we significantly outperformed all the other Cup winners. We are exceptionally proud of this performance and will continue to focus on building long-term shareholder value.”
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 three loan production offices: two located in the California Counties of Placer and Butte and one located in the 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.
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended and Plumas Bancorp intends for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.
Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date. Forward-looking statements involve significant risks and uncertainties and actual results may differ materially from those presented, either expressed or implied, in this news release. Factors that might cause such differences include, but are not limited to: the Company’s ability to successfully execute its business plans and achieve its objectives; changes in general economic and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; continuing consolidation in the financial services industry; new litigation or changes in existing litigation; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Company’s operations or business; loss of key personnel; and changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies.
In addition, discussions about risks and uncertainties are set forth from time to time in the Company’s publicly available Securities and Exchange Commission filings. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.
CONTACT: Contact: Elizabeth Kuipers Vice President, Marketing Manager & Investor Relations Officer Plumas Bank 35 S. Lindan Avenue Quincy, CA 95971 530.283.7305 ext.8912 firstname.lastname@example.org