PLUMAS BANCORP TO ACQUIRE CORNERSTONE COMMUNITY BANCORP
Plumas Bancorp (PLBC)
US:NASDAQ Investor Relations:
plumasbank.com
Company Research
Source: GlobeNewswire
RENO, Nev., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Plumas Bancorp (“Plumas”) (Nasdaq: PLBC) and Cornerstone Community Bancorp (“Cornerstone”) (OTCPK: CRSB) jointly announce the signing of a definitive merger agreement (the “Agreement”) whereby Plumas will acquire Cornerstone in a stock and cash transaction valued at approximately $64.6 million (the “Transaction”) based on the closing price of $47.76 for Plumas shares on January 28, 2025. On a pro forma consolidated basis, the combined company would have approximately $2.3 billion in assets, $2.0 billion in deposits, $1.5 billion in loans, and operate 19 branches throughout Northern California and Western Nevada. Cornerstone, headquartered in Red Bluff, California, is the parent company of Cornerstone Community Bank, a 19-year-old bank with approximately $658 million in assets as of December 31, 2024. Cornerstone Community Bank operates through four branches throughout the Northern California counties of Shasta and Tehama. “We are thril
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PLBC
News
- Plumas Bancorp (NASDAQ:PLBC) had its "buy (b)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Plumas Bancorp (NASDAQ:PLBC) had its "buy (b-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- PLUMAS BANCORP DECLARES QUARTERLY CASH DIVIDENDGlobeNewswire
- Plumas Bancorp (NASDAQ:PLBC) was given a new $61.00 price target on by analysts at Piper Sandler.MarketBeat
- Plumas Bancorp Reports Third Quarter 2025 EarningsGlobeNewswire
PLBC
Earnings
- 10/15/25 - Beat
PLBC
Sec Filings
- 11/24/25 - Form 8-K
- 11/5/25 - Form SCHEDULE
- 11/5/25 - Form 10-Q
- PLBC's page on the SEC website