Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Plumas Bancorp ( (PLBC) ) just unveiled an update.
On January 29, 2025, Plumas Bancorp and Cornerstone Community Bancorp announced a merger agreement where Plumas will acquire Cornerstone in a transaction valued at approximately $64.6 million. The merger will result in a combined entity with $2.3 billion in assets and a significant presence in Northern California and Western Nevada. The merger is expected to enhance service offerings and provide long-term value to shareholders and communities. The transaction is anticipated to be accretive to Plumas’ earnings and is subject to customary closing conditions, including shareholder and regulatory approvals.
More about Plumas Bancorp
Plumas Bancorp is headquartered in Reno, Nevada, with its principal subsidiary, Plumas Bank, which operates as a full-service community bank. Founded in 1980, Plumas Bank offers a wide range of financial and investment services to consumers and businesses, with branches in California and Nevada. Cornerstone Community Bancorp, based in Red Bluff, California, operates Cornerstone Community Bank with branches in Shasta and Tehama counties, having been established in 2006.
YTD Price Performance: 3.76%
Average Trading Volume: 11,962
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $281.7M
See more insights into PLBC stock on TipRanks’ Stock Analysis page.
