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.
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