ICBA and Plumas Bank: community banks build stronger communities


“As a local business ourselves, we are invested in building a legacy of prosperity for our customers, while enhancing the communities we all call home. We invite members of our community to explore how we can help them along their financial journey as we work together to help them achieve their personal and business goals, while maintaining local deposits and stimulating our local community ” , commented Andrew Ryback, President of Plumas Bank and CEO.

Community banks accept local deposits and redistribute them throughout the community – making over 60 percent of small business loans and over 80 percent of agricultural loans. They also contribute taxes that help sustain local municipalities and keep local neighborhoods viable and vibrant, as serving the best interests of their clients is essential to their business philosophy.

Community banks:

  • America’s most trusted lenders, according to a Federal Reserve study, have a net satisfaction score of 73%, compared to 58% for large banks and only 37% for online lenders.
  • Are lenders engaged with a growth in loans that exceeded non-community banks for eight years.
  • Demonstrate safety and soundness with higher capital ratios and better loan quality than the largest institutions.
  • Offer high-tech and high-touch service. This allows consumers to access modern amenities while maintaining the high quality customer service community banks are known for.
  • Have a strong aid history Underserved Americans by concentrating a relatively large part of their resources in low and moderate income sectors.
  • Understand and accept small local businesses. In fact, community banks make over 60% of all small business loans under $ 1 million.
  • Give back to their communities. Civic service is a way of life for community bankers.

“Knowledge of the local market, relationship-oriented loans and civic service are hallmarks of community banking and the cornerstone of the success and longevity of our industry,” said Rebeca Romero Rainey, President and CEO of ICBA. “ICBA is proud to represent community banks across the country and support their efforts to build better communities through a stronger local economy.”

About Plumas Bank

Founded in 1980, Plumas Bank is a full-service, locally owned and managed community bank headquartered in Quincy. The bank’s holding company, Plumas Bancorp, was formed in 2002 and entered the Nasdaq small-cap market in 2005. Plumas Bancorp is headquartered in Reno, Nevada. Plumas Bank operates thirteen branches in Northern California and two branches located in Nevada, one in Reno and the other in Carson City. The bank also operates three loan production offices: two located in Placer and Butte County and one located in Klamath Falls, Oregon. Plumas Bank offers a wide range of financial and investment services to consumers and businesses and has been granted Nationwide Preferred Lender status with the United States Small Business Administration. The bank was recently recognized by three prestigious firms: for the third consecutive year, Raymond James and Associates awarded Plumas Bancorp the Community Bankers Cup for operating one of the five best performing banks in the country; for the second year in a row, Piper Sandler named Plumas Bank to its Sm-All Stars class, which identifies the best small-cap banks in the country; and, for the fifth consecutive year, Plumas Bank was named “Super Premier” performing bank by The Findley Reports. For more information on Plumas Bancorp and Plumas Bank, please visit our website at www.plumasbank.com.

About ICBA

America’s Independent Community Bankers create and promote an environment in which community banks thrive. ICBA is exclusively dedicated to representing the interests of the community banking sector and its members through effective advocacy, top-notch education, and high quality products and services.

With nearly 50,000 locations nationwide, community banks make up 99% of all banks, employ more than 700,000 Americans, and are the only physical banking presence in one in three counties in the United States. Holding over $ 5 trillion in assets, over $ 4.4 trillion in deposits, and over $ 3.4 trillion in loans to consumers, small businesses, and the farming community, community banks channel deposits locals on main streets and the neighborhoods they serve, driving job creation, fostering innovation, and fueling the dreams of their customers in communities across America. For more information, visit the ICBA website at www.icba.org.

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