Plumas Bank Recognized as Leader in Banking Growth and Stability

National awards recognize the bank’s commitment to local communities

QUINCY, Calif., July 31, 2023 (GLOBE NEWSWIRE) -- America’s banking system has experienced significant challenges in the past several years. The country saw its first bank failures since the Great Recession. Increased interest rates and supply chain challenges led to deposit outflows from many institutions. Businesses of all sizes continue to recover from the COVID-19 pandemic by reimagining and right-sizing their business models and operations.

Through this period, Plumas Bank has been consistently recognized as an industry leader in the banking sector, from local, regional and national entities including Raymond James & Associates; Keefe, Bruyette & Woods, Inc. (KBW); S&P Global; and many others. As a community bank, Plumas Bank has consistently reinvested in the communities where it operates and helped power the businesses that make those communities vibrant and sustainable.

“Our focus on building meaningful, lasting relationships with our clients has allowed Plumas Bank to thrive,” said Andrew Ryback, President and CEO of Plumas Bank. “We have continued to deliver excellent returns for our investors because we have made smart lending decisions focused on balancing growth with stability while always focusing on serving the communities where we operate in Nevada and northeast California. We are deeply humbled to have been consistently recognized for that performance with accolades and awards from major institutions.”

Plumas Bank continues to expand its geographic footprint to serve more clients in the business and agriculture sectors, including recently opening a new full-service branch in Chico, Calif. The bank has delivered strong economic performance as a result of sound management and prudent business practices. This growth has led to Plumas Bank being named to the KBW Bank Honor Roll, an annual list of banking institutions demonstrating a consistently strong track record of earnings growth over the past decade. For 2022, only 14 institutions nationwide received this recognition from Keefe, Bruyette & Woods, Inc., a leading investment bank specializing in the financial services and fintech sectors.