Banking Recap

PLUMAS BANCORP Announces Acquisition for $61.3M

Plumas Bancorp, a financial institution trading under the ticker PLBC, is acquiring an unnamed target in a bank merger transaction valued at $61.3 million in disclosed consideration. The transaction falls within the mergers and acquisitions product group and is classified as a bank merger subtype within the financial services sector. As of the sourcing date, the transaction is pending regulatory approval.

Jul 2, 2025·SEC EDGAR·pending regulatory·bank merger

Deal value

The transaction is sourced from an SEC EDGAR filing of unknown form type, published on July 2, 2025. The deal remains in pending regulatory status, meaning it has not yet closed and is awaiting required regulatory clearances before completion can occur.

On the financial advisory side, Raymond James & Associates, Inc. is serving as financial advisor to Plumas Bancorp in its capacity as acquirer, with lead advisory status. For the target, Performance Trust Capital Partners, LLC is serving as financial advisor and has delivered a fairness opinion to the target's board of directors, also in a lead advisory capacity.

Legal counsel representation is as follows: Sheppard, Mullin, Richter & Hampton LLP is serving as legal counsel to Plumas Bancorp on the acquirer side, while Gary Steven Findley & Associates is serving as legal counsel to the target company, identified in the source materials as Cornerstone.

The transaction is structured as an acquisition with a total disclosed value of $61.3 million USD. Beyond the aggregate consideration amount, no further detail regarding the consideration mix, payment mechanisms, or deal structure has been disclosed in the available source materials.

A number of material facts remain either undisclosed or not yet known. The target company's full legal name does not appear in the sourced material, referred to only as Cornerstone. The specific consideration structure is not disclosed, including whether the $61.3 million represents an all-cash payment, stock consideration, assumed debt, or any combination thereof. No expected closing date or timing for regulatory approval has been provided. The SEC filing form type is unknown and therefore the specific regulatory filing that generated this deal information cannot be precisely identified. These gaps represent information that would typically be material to a complete understanding of the transaction but has not been made available in the sourced document.