PLUMAS BANCORP TO ACQUIRE CORNERSTONE COMMUNITY BANCORP

RENO, Nev., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Plumas Bancorp (“Plumas”) (Nasdaq: PLBC) and Cornerstone Community Bancorp (“Cornerstone”) (OTCPK: CRSB) jointly announce the signing of a definitive merger agreement (the “Agreement”) whereby Plumas will acquire Cornerstone in a stock and cash transaction valued at approximately $64.6 million (the “Transaction”) based on the closing price of$47.76 for Plumas shares on January 28, 2025. On a pro forma consolidated basis, the combined company would have approxim ...