Benzinga | Mar 11, 2021 09:02AM EST

Plumas Bancorp To Acquire Feather River Bancorp For $21M In Cash And Stock

RENO, Nev., March 11, 2021 (GLOBE NEWSWIRE) -- Plumas Bancorp ("Plumas") (NASDAQ:PLBC) and Feather River Bancorp, Inc. ("Feather River") announced today the signing of a definitive merger agreement (the "Agreement") whereby Plumas will acquire Feather River in a stock and cash transaction valued at approximately $21 million (the "Transaction"). As of December 31, 2020, on a pro forma consolidated basis, the combined company would have approximately $1.3 billion in assets, $1.1 billion in deposits, and operate 14 branches throughout Northeastern California and Western Nevada.