Plumas Financial institution and the Federal House Mortgage Financial institution of San Francisco
QUINCY, Calif., Dec. 20, 2021 (GLOBE NEWSWIRE) – Plumas Bank, a wholly-owned subsidiary of Plumas Bancorp (NASDAQ: PLBC), recently announced that it had donated $ 50,000 to the Dixie Fire Fund to aid disaster relief provide long-term resuscitation for communities affected by California’s largest forest fire in history. Today Plumas Bank announced that it has secured an additional $ 25,000 in matching funds from the Federal Home Loan Bank of San Francisco (FHLBank San Francisco). To date, the Dixie Fire Fund has raised more than $ 220,000. The fund is administered by the Community Foundation of Northern Nevada.
“We appreciate our partnership with Federal Home Loan Bank San Francisco and appreciate their assistance in helping Plumas Bank meet the urgent needs of our local communities,” said President and Chief Executive Officer Andrew J. Ryback.
Ryback continued, “Plumas Bank has served our northeastern communities through good times and bad for over four decades, and we are committed to helping our customers and neighbors whose lives were destroyed by the Dixie Fire. Helping those in need is always a priority for Plumas Bank, and we hope our contribution will make a difference as our community begins the rebuilding process, ”concluded Ryback.
“To repair the damage caused by a wildfire, the immediate needs of the affected families must be met and long-term strategies designed and supported to rebuild the economies of the affected communities,” said Marietta Núñez, senior vice president and community investment officer at FHLBank San . Francisco. “We are pleased to be able to match the generous donation from our member Plumas Bank to the Dixie Fire Fund.”
Via the Federal Home Loan Bank of San Francisco
The Federal Home Loan Bank of San Francisco provides low-cost financing and other services that help member financial institutions provide mortgages for people of all income levels and provide loans that benefit neighborhoods and communities. The bank also funds community programs that help members create affordable housing and promote the economic development of the community. The members of the bank are headquartered in Arizona, California and Nevada and include commercial banks, credit unions, industrial credit companies, savings institutions, insurance companies, and community development financial institutions.
About Plumas Bancorp and Plumas Bank
Plumas Bancorp is headquartered in Reno, Nevada. The main subsidiary of Plumas Bancorp is Plumas Bank, founded in 1980. Plumas Bank is a full-service community bank headquartered in Quincy, California. The bank operates fourteen branches: twelve in Lassen, Modoc, Nevada, Placer, Plumas, Shasta and Sutter counties, California, and two branches in Nevada in Carson City and Washoe counties. The bank also operates loan production offices in Butte and Placer and Klamath Falls, Oregon, counties. Plumas Bank provides a wide range of financial and investment services to consumers and businesses and has been granted statewide preferred lender status by the US Small Business Administration. For more information about Plumas Bancorp and Plumas Bank, please visit our website at www.plumasbank.com.
The Northern Nevada Community Foundation
The Community Foundation of Northern Nevada is a 501 (c) 3 nonprofit that has distributed more than $ 145 million in grants and grants from 247 charitable funds. Founded in 1998, the foundation is a community leader, ongoing charitable resource, and philanthropic advisor on charitable giving.
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