Cornerstone Community Bancorp announced that its shareholders have approved the principal terms of the Agreement and Plan of Merger and Reorganization with Plumas Bancorp. This approval is a key step towards the completion of the merger.
Plumas Bancorp has also received all necessary bank regulatory approvals required for the merger. The approval of Plumas shareholders was not required for the transaction to proceed.
The merger is now expected to be completed in early July 2025. Upon completion, the combined company is projected to have approximately $2.3 billion in total assets and operate 19 full-service banking branches across Northern California and Nevada.
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