A Message to our Clients

March 13, 2023

You’ve undoubtedly seen the troubling news stories over the weekend regarding the closure of Silicon Valley Bank headquartered in Santa Clara, California and Signature Bank in New York City. This news may be raising questions for clients across all our communities. 

I am reaching out to assure you that Plumas Bank continues to be well capitalized and well positioned to serve our clients and communities. We were chartered 43 years ago and expect to serve our local communities for generations to come. 

Every financial institution must make thoughtful business decisions in the current rising interest rate environment. We maintain a highly diverse deposit base representing a range of small to medium-sized businesses and consumer accounts. We do not rely on any one business sector for our performance. 

• Our core deposits are stable and strong – we do not have brokered deposits. 
• Our average deposit balance as of December 31, 2022 was approximately $37,000 which reflects the diversity of our deposit base.
• Our loans are well diversified, which is an intentional business decision following the Great Recession to protect the bank from economic volatility. 
• Our investment portfolio is highly liquid and made up exclusively of U.S. Government agency securities,  securities of U.S. Government-sponsored agencies, and municipal securities.

These business decisions are well documented and can be found in our quarterly 10-Qs, annual 10-Ks, quarterly earnings releases and quarterly investor presentations – all publicly available on our Investor Relations website at ir.plumasbank.com. 

Despite the unfortunate events surrounding Silicon Valley Bank and Signature Bank, the national banking system is resilient and community banks remain safe, sound and secure. You have access to our local, experienced team members, and we stand ready to assist you with any of your questions or concerns.

As a community bank, we take pride in our relationship-based business model focused on building longstanding relationships with our clients. We live in the communities we serve, and your success is our success. We are here for you, and HERE. For Good. 

Sincerely, 

Andrew J. Ryback
President and CEO
Plumas Bank and Plumas Bancorp