“As a local business ourselves, we are invested in building a legacy of prosperity for our clients, while enhancing the communities we all call home. We invite our community members to explore how we can help them throughout their financial journey as we work together to help them achieve their personal and business goals—all while keeping deposits local and boosting our local community,” commented Andrew Ryback, Plumas Bank president and chief executive officer.
Community banks take in local deposits and redistribute them back into the community—making more than 60 percent of small-business loans and more than 80 percent of agriculture loans. They also contribute tax dollars that help maintain local municipalities and keep local neighborhoods viable and vibrant because serving the best interests of their clients is fundamental to their business philosophy.
- Are America’s most trusted lenders and have a 73 percent net satisfaction score compared to 58 percent for large banks and just 37 percent for online lenders, according to a Federal Reserve study.
- Are committed lenders with loan growth that has outpaced non-community banks for eight years.
- Demonstrate safety and soundness with higher capital ratios and better loan quality than the largest institutions.
- Offer high-tech, high-touch service. This gives consumers access to modern-day conveniences while maintaining the high-quality customer service for which community banks are known.
- Have a strong track record in helping underserved Americans by focusing a relatively large share of their resources in low- and moderate-income tracts.
- Understand and embrace local small businesses. In fact, community banks make more than 60 percent of all small business loans under $1 million.
- Give back to their communities. Civic service is a way of life for community bankers.
“Local market knowledge, relationship-based lending, and civic-minded service are community banking hallmarks and the cornerstone to our industry’s success and longevity,” stated ICBA President and CEO Rebeca Romero Rainey. “ICBA is proud to represent community banks nationwide and support their efforts to build better communities through a strengthened local economy.”
About Plumas Bank
Founded in 1980, Plumas Bank is a locally owned and managed full-service community bank headquartered in Quincy. The bank’s holding company, Plumas Bancorp, was formed in 2002 and entered the Nasdaq small cap market in 2005. Plumas Bancorp is headquartered in Reno, Nevada. Plumas Bank operates thirteen branches in Northern California and two branches located in Nevada, one in Reno and the other in Carson City. The bank also operates three loan production offices: two located in Placer and Butte county, and one located in Klamath Falls, Oregon. 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. The bank was recently recognized by three prestigious firms: for the third year in a row Raymond James and Associates awarded Plumas Bancorp with the Community Bankers Cup for operating one of the top five Best Performing Banks in the nation; for the second year in a row Piper Sandler named Plumas Bank to their Sm-All Stars Class, which identifies the top small cap banks in the nation; and, for the fifth year in a row, Plumas Bank was named a ‘Super Premier’ performing bank by The Findley Reports. For more information on Plumas Bancorp and Plumas Bank, please visit our website at www.plumasbank.com.
The Independent Community Bankers of America creates and promotes an environment where community banks flourish. ICBA is exclusively dedicated to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education, and high-quality products and services.
With nearly 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ more than 700,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5 trillion in assets, over $4.4 trillion in deposits, and more than $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation, and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.