Cornerstone Community Bancorp and Plumas Bancorp Report Shareholder Approval of Merger

Core Points - Cornerstone Community Bancorp and Plumas Bancorp have announced the approval of the merger agreement, allowing Cornerstone's shareholders to convert their shares into cash and Plumas stock [1][2] - The merger is expected to be completed in early July 2025, with Plumas having already received the necessary bank regulatory approvals [2] - The combined entity will have approximately $2.3 billion in total assets and operate 19 full-service banking branches across 11 counties in Northern California and Nevada [3] Company Statements - Andrew J. Ryback, President and CEO of Plumas Bancorp, emphasized that the merger is a significant milestone, enhancing services through the integration of local expertise and advanced technology [3] - Matthew B. Moseley, President and CEO of Cornerstone, expressed enthusiasm for the merger, highlighting the opportunity to expand services beyond their current communities [3]