Plumas Bancorp and Cornerstone Community Bancorp Announce Shareholder Approval for Merger, Completion Expected in July 2025

Reuters
06-03
<a href="https://laohu8.com/S/PLBC">Plumas Bancorp</a> and <a href="https://laohu8.com/S/CRSB">Cornerstone Community Bancorp</a> Announce Shareholder Approval for Merger, Completion Expected in July 2025

Plumas Bancorp and Cornerstone Community Bancorp have announced that Cornerstone's shareholders have approved the principal terms of their merger agreement. The merger will see Cornerstone Community Bancorp merging with and into Plumas Bancorp, with each outstanding share of Cornerstone common stock being converted into cash and stock of Plumas. The merger is expected to be completed in early July 2025, following the satisfaction or waiver of certain conditions. Plumas has already received the necessary bank regulatory approvals for the merger. This strategic partnership aims to combine the strengths of both institutions, enhancing their service offerings and expanding their reach in Northern California and Nevada.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Plumas Bancorp published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9461723-en) on June 03, 2025, and is solely responsible for the information contained therein.

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