Plumas Bank and ICBA: Support local small businesses during National Small Business Week

Jack Prescott, Senior Vice President and Commercial Lending Manager at Plumas Bank.

Plumas Bank and the Independent Community Bankers of America encourage Americans to reinvest in their local community by shopping with small businesses during National Small Business Week, April 28 – May 4, 2024. Small businesses have generated 17.3 million net new jobs (from 1995-2021), accounting for two out of every three jobs added to the economy.

“Supporting small business lies at the core of our mission,” said Jack Prescott, Senior Vice President and Commercial Lending Manager at Plumas Bank. “We are dedicated and poised to champion their success through financial support; recognizing that productive small enterprises lead to the growth and vitality of our communities.”

According to the U.S. Small Business Administration, a small business is generally defined as a company that is independently owned and operated, is organized for profit, has fewer than 500 employees and is not dominant in its field. Small businesses comprise 99.9 percent of all firms and account for 44 percent of U.S. economic activity. When it comes to their financing needs, they most often turn to community banks, which fund more than 60 percent of all small business loans under $1 million. In fact, small businesses consistently rank community banks as their lender of choice, according to a series of studies from the Federal Reserve Banks. 

“ICBA represents the nation’s community banks, which power the potential of locally grown businesses,” ICBA President and CEO Rebeca Romero Rainey said. “By channeling their loans to the neighborhoods where their depositors live and work, they not only ensure these businesses have access to vital capital, but they also contribute to the growth and prosperity of the community overall.” 

To find out more about how Plumas Bank can help support you or the small businesses that fuel our community visit our website at Business Banking | Plumas Bank. For more on National Small Business Week visit sba.gov. To learn more about the community bank difference visit banklocally.org. 

About Plumas Bancorp and Plumas Bank
Plumas Bank is a subsidiary of Plumas Bancorp (NASDAQ: PLBC), a bank holding company headquartered in Reno, Nevada. Plumas Bank is a locally managed, award-winning community bank founded in 1980 and Plumas Bank and ICBA: Support local small businesses during National Small Business Week.