Press Release

Plumas Bancorp Declares Semi-Annual Cash Dividend

Company Release - 10/18/2018 9:00 AM ET

QUINCY, Calif., Oct. 18, 2018 (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 $0.18 per share, payable November 15, 2018, to stockholders of record as of November 1, 2018.

The Company recently released its financial results for the quarter-ended September 30, 2018, reporting that net income increased by 48% year-over-year to $10.4 million and total assets were up 5% year-over-year to a record level of $771 million.

Director, President and Chief Executive Officer, Andrew J. Ryback, commented, “We are extremely proud of the financial performance of the Company for the first three quarters of 2018.” He added, “This dividend is a direct result of the continued success and focus of this organization. The Board of Directors recognizes these accomplishments and is committed to recognizing the loyalty and support of our shareholders, our clients and our team.”

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: three located in the California Counties of Placer, Butte and Tehama 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.

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
Vice President, Marketing Manager & Investor Relations Officer
Plumas Bank
35 S. Lindan Avenue
Quincy, CA 95971
530.283.7305 ext.8912
investorrelations@plumasbank.com

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Source: Plumas Bancorp