Plumas Bancorp (PLBC) Proxy filing summary

Executive summary

• 2025 was marked by the transformative acquisition of Cornerstone Community Bancorp, expanding assets to over $2.2 billion and deepening the regional footprint.

• Financial resilience was demonstrated through modest earnings growth, strategic sale-leaseback transactions, and liability management initiatives.

• Operational excellence was highlighted by growth in loans, deposits, and equity, with a focus on prudent credit risk management and improved nonperforming metrics.

• The company celebrated its 45th anniversary, receiving community recognition and positive investment coverage.

• Looking ahead to 2026, the company is focused on operational efficiency and sustainable growth.

Voting matters and shareholder proposals

• Shareholders will vote on the election of ten directors, an advisory vote on executive compensation, and ratification of Elliott Davis as the independent auditor for 2026.

• The board recommends voting FOR all director nominees and FOR Proposals 2 and 3.

• Shareholder proposals and nominations for the 2027 meeting must be submitted between December 10, 2026, and January 9, 2027.

Board of directors and corporate governance

• The board consists of ten nominees with diverse backgrounds in banking, real estate, public service, and community leadership.

• Nine of ten directors are independent, with an average tenure providing both continuity and board refreshment.

• Committees include Audit & Risk and Corporate Governance & Compensation, both with independent members.

• The board separates the roles of chairman and CEO and has adopted a code of ethics and insider trading policy.

• Directors are required to own at least $150,000 in company stock within 36 months of appointment.