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Section 1: 8-K (FORM 8-K)

plbc20190220_8k.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

 

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of Earliest Event Reported):       February 20, 2019

 

Plumas Bancorp


(Exact name of registrant as specified in its charter)

 

 

 

 

 

California 

 

000-49883

 

75-2987096

(State or other jurisdiction
of incorporation)

 

(Commission
File Number)

 

(I.R.S. Employer
Identification No.)

 

 

 

35 S. Lindan Avenue, Quincy, CA 

 

95971

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code       (530)283-7305

 

Not Applicable


Former name or former address, if changed since last report

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

Emerging growth company      ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐

 


 

 

 

 

TABLE OF CONTENTS

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

Item 9.01 Exhibits

 

SIGNATURES

 

 


 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

 

(d) On February 20, 2019, the Board of Directors of Plumas Bancorp (the "Company") appointed Michonne R. Ascuaga as a Director of the Company. As of the date of this filing, Ms. Ascuaga has not been appointed to a committee of the Company’s Board of Directors. Ms. Ascuaga will receive fees consistent with those fees received by the existing directors for service as a director of the Company.

A copy of the Company’s press release announcing Ms. Ascuaga’s appointment to the Board of Directors of the Company is attached hereto as Exhibit 99.1 and the information contained therein is incorporated herein by reference.

 

 

Item 9.01 Exhibits

Number

 

 Description

99.1

 Press release dated February 21, 2019

 

 

 

SIGNATURES 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

Plumas Bancorp
(Registrant)

 

 

 

 

February  21, 2019 

 

By: 

/s/  Richard L. Belstock

 

 

 

Name: Richard L. Belstock
Title: Chief Financial Officer

 


 

 

 

 

 

EXHIBIT INDEX

 

Number

 

 Description

99.1

 Press release dated February 21, 2019

 

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Section 2: EX-99.1 (EXHIBIT 99.1)

ex_135437.htm

Exhibit 99.1

 

Ascuaga Appointed to Plumas Bancorp Board

 

QUINCY, California, February 21, 2019 – On February 20, 2019, the directors of Plumas Bancorp (Nasdaq: PLBC), a bank holding company and the parent company of Plumas Bank appointed Michonne Ascuaga to the Plumas Bancorp and Plumas Bank board. Ascuaga is a proven executive with over 30 years of management experience at John Ascuaga’s Nugget in Sparks, Nevada. She served as its CEO for the last 16 years, until its sale in December 2013.

 

Director, President and Chief Executive Officer of Plumas Bancorp and Plumas Bank, Andrew J. Ryback, remarked, “We are very pleased to welcome Michonne Ascuaga to the Board. Her extensive management experience, significant leadership skills, and her widespread knowledge of the Reno area’s business environment will be of great value as we continue to grow and thrive in this region and beyond.”

 

Ascuaga commented, “I am honored to serve on the Plumas Bancorp and Plumas Bank board with its outstanding reputation for demonstrating strong management, excellent client service, and a genuine concern for the communities it serves.”

 

Ascuaga received her Bachelor of Science degree in Mathematics from Santa Clara University and her Master of Business Administration from Stanford University. Ascuaga is very active in her community currently serving on the boards of Northern Nevada Medical Center, Bishop Manogue Catholic High School, and the Institutional Advisory Council of Truckee Meadows Community College.

 

Plumas Bancorp is the holding company for Plumas Bank (NASDAQ: PLBC). Founded in 1980, Plumas Bank is a locally owned and managed full-service community bank headquartered in Northeastern California. The Bank operates thirteen branches: eleven located in the California counties of Plumas, Lassen, Placer, Nevada, Modoc and Shasta and two branches located in Nevada in the counties of Washoe and Carson City. The Bank also operates four loan production offices: three located in the California Counties of Placer, Butte, and Tehama, and one located in the Oregon County of Klamath. Plumas Bank offers a wide range of financial and investment services to consumers and businesses and has received nationwide Preferred Lender status with the United States Small Business Administration. For more information on Plumas Bancorp and Plumas Bank, please visit our website at www.plumasbank.com.

 

# # #

 

Contact: Elizabeth Kuipers

Vice President, Marketing Manager &

Investor Relations Officer

Plumas Bank

35 S. Lindan Ave.

Quincy, CA 95971

Ph: 530.283.7305 x8912

Fax: 530.283.9665

[email protected]

 

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