The bank anticipates that, subject to the approval of its regulatory agencies, it will open a full-service commercially focused bank in the Reno, Nevada area within the next 12 to 15 months.
Douglas Biddle, president and CEO of both Plumas Bank and Plumas Bancorp, commented: Our plans to expand our geographic footprint, coupled with our positive experience with our commercial loan office in Reno, Nevada has convinced us that opening a commercially focused bank in Nevada will provide Plumas Bancorp significant growth opportunities. We believe the Reno/Sparks area will be a dynamic marketplace for years to come.
Daniel West, chairman of the board of Plumas Bancorp, added: With our strong presence in Northeastern California, the bordering state of Nevada is a natural place for Plumas Bank to continue its expansion, and we look forward to serving the needs of individuals and businesses that live and work in the Silver State.
