Plumas Bank Declares Cash Dividend

Apr 04, 2001, 01:00 ET from Plumas Bank

    QUINCY, Calif., April 4 /PRNewswire/ -- The board of directors of Plumas
 Bank, (OTC Bulletin Board:   PLBA), at its April 3, 2001 meeting declared an
 annual cash dividend of 30 cents per share, matching the 30 cents per share
 paid in 2000. The payable date for the dividend will be April 24, 2001 to
 shareholders of record as of April 10, 2001. This is the fifth annual
 consecutive cash dividend paid by Plumas Bank.
     "The local board of directors took this action," said William E. Elliott,
 president and chief executive officer of the bank, "in recognition of the
 twelfth consecutive year of earnings growth and is a continuation of the
 bank's long term strategy of increasing shareholder value.
     Headquartered in Quincy with assets of nearly $250 million, Plumas Bank
 maintains nine full-service community banking offices serving the financial
 needs of local families and businesses in Plumas, Lassen, Modoc, Shasta,
 Nevada, and Sierra Counties since 1980. The Bank provides traditional deposit,
 lending, mortgage and commercial products and services to business and retail
 customers throughout its market area.
     This news release includes forward-looking statements about Plumas Bank's
 financial condition, results of operations, plans, objectives and future
 performance. A number of factors, many of which are beyond the control of
 Plumas Bank, could cause actual results to differ materially from those in the
 forward-looking statements.
 
 

SOURCE Plumas Bank
    QUINCY, Calif., April 4 /PRNewswire/ -- The board of directors of Plumas
 Bank, (OTC Bulletin Board:   PLBA), at its April 3, 2001 meeting declared an
 annual cash dividend of 30 cents per share, matching the 30 cents per share
 paid in 2000. The payable date for the dividend will be April 24, 2001 to
 shareholders of record as of April 10, 2001. This is the fifth annual
 consecutive cash dividend paid by Plumas Bank.
     "The local board of directors took this action," said William E. Elliott,
 president and chief executive officer of the bank, "in recognition of the
 twelfth consecutive year of earnings growth and is a continuation of the
 bank's long term strategy of increasing shareholder value.
     Headquartered in Quincy with assets of nearly $250 million, Plumas Bank
 maintains nine full-service community banking offices serving the financial
 needs of local families and businesses in Plumas, Lassen, Modoc, Shasta,
 Nevada, and Sierra Counties since 1980. The Bank provides traditional deposit,
 lending, mortgage and commercial products and services to business and retail
 customers throughout its market area.
     This news release includes forward-looking statements about Plumas Bank's
 financial condition, results of operations, plans, objectives and future
 performance. A number of factors, many of which are beyond the control of
 Plumas Bank, could cause actual results to differ materially from those in the
 forward-looking statements.
 
 SOURCE  Plumas Bank