Plumas Bank Ranked in Top 2% of US Community Banks by S&P Global Market Intelligence

QUINCY, Calif., March 26, 2019 (GLOBE NEWSWIRE) -- Plumas Bancorp PLBC, a bank holding company and the parent company of Plumas Bank, recently announced that Plumas Bank was ranked in the top 2% of US community banks and thrifts under $3 billion in assets for financial performance by S&P Global Market Intelligence.

Director, President and Chief Executive Officer, Andrew J. Ryback, explained, "Making the S&P Global list of the 100 Top Performing Banks in the nation is a tremendous honor for us.  Our ranking was based on financials for the year ended December 31, 2018."

Ryback continued, "We are incredibly proud of this accomplishment which is the result of the strategic vision of our board and executives, coupled with the talent and dedication of our entire team.  Without both components – visionary leadership and highly capable and dedicated bankers – this kind of success would not be possible."

J.P. O'Sullivan, Managing Director of Financial Institutions at S&P Global Market Intelligence said, "Year-after-year, we see the increasingly significant role that community banks play in their local communities. From metropolitan cities to the rural towns across the US, access to credit through local banks is a key driver for local economic growth. S&P Global Market Intelligence is extremely pleased to recognize the top performing community banks."

S&P Global Market Intelligence ranked the community banks on six core financial performance metrics:  pretax return on average tangible common equity, net charge-offs as a percentage of average loans, efficiency ratio, adjusted Texas ratio, net interest margin and loan growth.

About Plumas Bank

Founded in 1980, Plumas Bank is a locally owned and managed full-service community bank headquartered in Northeastern California. The Bank operates thirteen branches: eleven located in the California counties of Plumas, Lassen, Placer, Nevada, Modoc and Shasta and two branches located in Nevada in the counties of Washoe and Carson City. 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.

About S&P Global Market Intelligence

At S&P Global Market Intelligence, we know that not all information is important—some of it is vital. We integrate financial and industry data, research and news into tools that help track performance, generate alpha, identify investment ideas, understand competitive and industry dynamics, perform valuations and assess credit risk. Investment professionals, government agencies, corporations and universities globally can gain the intelligence essential to making business and financial decisions with conviction. 

S&P Global Market Intelligence is a division of S&P Global SPGI. For more information, visit www.spglobal.com.  

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Contact: Elizabeth Kuipers
Vice President, Marketing Manager &
Investor Relations Officer
Plumas Bank
35 S. Lindan Ave.
Quincy, CA 95971
Ph: 530.283.7305 x8912
Fax: 530.283.9665
elizabeth.kuipers@plumasbank.com