RENO, Nev., June 15, 2022 (GLOBE NEWSWIRE) — Plumas Bancorp (NASDAQ:PLBC), the holding company of Plumas Bank, announced several accolades by leading financial investment firms that assess the performance of financial institutions at national scale. Honors are awarded based on key performance indicators that signal positive value to potential investors and indicate an institution’s ability to generate consistent growth.
Building on over 40 years of excellence, Plumas Bancorp has again been recognized with numerous awards from key financial industry groups. “Plumas Bank is focused on building strong communities – one business and one customer at a time. This foundation drives us to deliver banking excellence and deliver strong value to our customers, shareholders and local communities,” said Andrew J. Ryback, President and CEO, Plumas Bancorp and Plumas Bank.
Ryback continued, “We are growing and performing very well despite the past two years of volatility with the pandemic and wildfires that have devastated our region. These accomplishments are a testament to the strategic vision of our Board of Directors and our leaders and the incredible work of each member of the team.
DA Davidson Bison Select Report recognizes Plumas Bancorp for Fourth consecutive year
For the fourth consecutive year, Plumas Bancorp has met the criteria to be included in DA Davidson’s 2021 Bison Select Report. A financial services firm, DA Davidson releases the semi-annual research report with a focus on recognizing high performing emerging institutions that may be overlooked by investors due to their size.
The Raymond James Bankers Cup awarded to Plumas Bancorp for the fifth consecutive year
For the fifth consecutive year, Plumas Bancorp received the prestigious Raymond James Bankers Cup. Plumas Bancorp ranked in the top 10% out of 229 community banks with assets between $500 million and $10 billion. Additionally, it has consistently ranked among the top five banks every year since 2017. Recognition is based on profitability, operational efficiency, and balance sheet metrics. The Community Bankers Cup recognizes outstanding performance and rewards community banks that create long-term shareholder value.
Findley Reports awards Plumas Bancorp its highest recognitionsame years in a row
For the seventh consecutive year, The Findley Reports, Inc. has recognized Plumas Bancorp as a Super Premier Performing Bank – the highest of The Findley Report’s recognition levels. Plumas Bank is one of 84 Western banks to receive a Super Premiere rating for performance in 2021. Findley’s annual review rates banks on increased liquidity, capital adequacy, structure and growth of assets, quality of loan portfolio and deposits, operational performance, return on equity and stability of senior management.
2022 KBW Bank Honor Roll names Plumas Bancorp as one of the best banking institutions in its category
For the first time, Plumas Bancorp has been added to the coveted Keefe, Bruyette & Woods, Inc., Bank Honor Roll. The winners are publicly traded banking institutions with more than $500 million in total assets that have consistently recorded increases in annual earnings per share over the past decade. KBW found that 17 banking institutions, or only 5% of all banks reviewed, qualified to be on the 2022 KBW Bank Honor Roll.
About Plumas Bancorp and Plumas Bank
Founded in 1980, Plumas Bank is a locally managed, full-service community bank headquartered in Quincy, California. The bank’s holding company, Plumas Bancorp, was established in 2002 and entered the Nasdaq small cap market in 2005. Plumas Bancorp is headquartered in Reno, Nevada. Plumas Bank operates fourteen branches: twelve located in the California counties of Plumas, Lassen, Placer, Nevada, Modoc, Shasta and Sutter, and two branches located in Nevada in Washoe and Carson City counties. The bank also operates three loan origination offices: two located in California’s Placer and Butte counties, and one located in Klamath County, Oregon. Plumas Bank offers a wide range of financial and investment services to consumers and businesses and has been awarded Nationwide Preferred Lender Status with the United States Small Business Administration. For more information about Plumas Bancorp and Plumas Bank, please visit our website at plumasbank.com.
About DA Davidson
DA Davidson Companies is an employee-owned financial services company providing a range of financial and advisory services to individuals, businesses, institutions and municipalities nationwide. Founded in 1935 with headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,475 employees and offices in 27 states.
About Raymond James Financial, Inc..
Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing services to private client groups, capital markets, asset management, banking and other retail services. , businesses and municipalities. The company has approximately 8,700 financial advisors. Total client assets are $1.18 trillion. Public since 1983, the company is listed on the New York Stock Exchange under the symbol RJF.
About Findley Reports
Since 1967, The Findley Reports has been the foundation of Findley Companies, providing valuable and accurate financial information to help directors and management navigate the challenges and complexities of banking. The Findley Reports provide the banking industry with performance benchmarking through its annual Super Premier Performing, Premier Performing and Commendable Performing designations.
KBW (Keefe, Bruyette & Woods, Inc.) is a Stifel company. Over the years, KBW has established itself as a leading independent authority in the banking, insurance, brokerage, asset management, mortgage banking and specialty finance industries. Founded in 1962, the firm maintains leadership positions in research, corporate finance, mergers and acquisitions, and the sale and trading of equity securities of financial services companies.