PLUMAS BANCORP INCLUSION ON RUSSELL 2000
26 Junho 2023 - 12:30PM
Plumas Bancorp (Nasdaq: PLBC), the parent company of Plumas Bank,
today announced that Plumas Bancorp (“Company”) has been included
in the Russell 2000 Index by FTSE Russell following its annual
reconstitution. The announcement was made after the U.S. stock
market closed on June 23, 2023.
Andrew J. Ryback, director, president and chief
executive officer of Plumas Bancorp and Plumas Bank stated,
“Inclusion on the Russell 2000 provides meaningful exposure in the
investment community with a multitude of funds benchmarked to the
Russell. With Plumas’ return to the index, we anticipate enhanced
liquidity in our stock and broadening of our shareholder base.”
Russell determines inclusion of companies in its
equity indexes by market-capitalization rankings and style
attributes. Russell indexes are widely used by investment managers
and institutional investors for index funds and as benchmarks for
active investment strategies. Plumas Bancorp previously listed on
the Russell 2000 in 2020, rolling off in 2021 due to changes in the
market cap threshold for listing.
About FTSE Russell: FTSE Russell is a global
index leader that provides innovative benchmarking, analytics, and
data solutions for investors worldwide. FTSE Russell calculates
thousands of indexes that measure and benchmark markets and asset
classes in more than 70 countries, covering 98% of the investable
market globally. FTSE Russell index expertise and products are used
extensively by institutional and retail investors globally.
Approximately $20.1 trillion is currently benchmarked to FTSE
Russell indexes. For over 30 years, leading asset owners, asset
managers, ETF providers and investment banks have chosen FTSE
Russell indexes to benchmark their investment performance and
create ETFs, structured products, and index-based derivatives. A
core set of universal principles guides FTSE Russell index design
and management: a transparent rules-based methodology is informed
by independent committees of leading market participants. FTSE
Russell is focused on applying the highest industry standards in
index design and governance and embraces the IOSCO Principles. FTSE
Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
its offering. FTSE Russell is wholly owned by London Stock Exchange
Group. For more information, visit www.ftserussell.com.
Plumas Bancorp is headquartered in Reno, Nevada.
Plumas Bancorp’s principal subsidiary is Plumas Bank, which was
founded in 1980. Plumas Bank is a full-service community bank
headquartered in Quincy, California. The bank operates fifteen
branches: thirteen located in the California counties of Butte,
Lassen, Modoc, Nevada, Placer, Plumas, Shasta, and Sutter and two
branches located in Nevada in the counties of Carson City and
Washoe. The bank also operates two loan production offices located
in Placer County, California and Klamath Falls, Oregon. 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.
This news release includes forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Exchange Act of 1934,
as amended and Plumas Bancorp intends for such forward-looking
statements to be covered by the safe harbor provisions for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. Future events are difficult to
predict, and the expectations described above are necessarily
subject to risk and uncertainty that may cause actual results to
differ materially and adversely.
Forward-looking statements can be identified by
the fact that they do not relate strictly to historical or current
facts. They often include the words "believe," "expect,"
"anticipate," "intend," "plan," "estimate," or words of similar
meaning, or future or conditional verbs such as "will," "would,"
"should," "could," or "may." These forward-looking statements are
not guarantees of future performance, nor should they be relied
upon as representing management's views as of any subsequent date.
Forward-looking statements involve significant risks and
uncertainties, and actual results may differ materially from those
presented, either expressed or implied, in this news release.
Factors that might cause such differences include, but are not
limited to: the Company's ability to successfully execute its
business plans and achieve its objectives; changes in general
economic and financial market conditions, either nationally or
locally in areas in which the Company conducts its operations;
changes in interest rates; continuing consolidation in the
financial services industry; new litigation or changes in existing
litigation; increased competitive challenges and expanding product
and pricing pressures among financial institutions; legislation or
regulatory changes which adversely affect the Company's operations
or business; loss of key personnel; and changes in accounting
policies or procedures as may be required by the Financial
Accounting Standards Board or other regulatory agencies.
Jamie Huynh
Investor Relations
Plumas Bancorp
5525 Kietzke Lane Ste. 100
Reno, NV 89511
775.786.0907 x8908
investorrelations@plumasbank.com
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