Plumas Bancorp Announces Lifting of Regulatory Order

Plumas Bancorp PLBC, the parent company of Plumas Bank, today announced that its regulators -- the Federal Deposit Insurance Corporation and California Department of Financial Institutions, have terminated a consent order put in place in March 2011. The lifting of the Order reflects the rapid progress made by Plumas Bank's management and Board of Directors in reducing classified asset balances, increasing capital ratios, improving lending policies and practices, and retaining qualified management as stated in the terms of the Order. "This regulatory recognition marks an important milestone in Plumas Bank's recovery efforts," remarked Andrew J. Ryback, president and chief executive officer.