QUINCY, May 30, 2018 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq: PLBC), the parent company of Plumas Bank (the “Bank”), recently announced that effective June 1, 2018, it will increase its minimum wage to $15 per hour. This increase in minimum wage is the result of the Company’s record profits as well as the positive impact of the tax reform legislation passed at the end of 2017.
“On behalf of the Board of Directors and the Executives, we are delighted to recognize and reward our team members who strive each day to serve our clients well, build strong relationships in our communities, and create long-term value for our shareholders,” said Director, President and Chief Executive Officer, Andrew J. Ryback.
Ryback continued, “We realize that our accomplishments are a reflection of our entire team and their dedication, hard work and passion for delivering exceptional service to our clients. This decision reflects our intention to recruit and retain the most talented and hardworking staff – at all levels – as Plumas Bank continues to grow and thrive. This minimum wage increase is good for our employees, our communities and our Company and is another example of Plumas Bank living up to its philosophy and motto: ‘HERE. For Good.’”
About Plumas Bank
Founded in 1980, Plumas Bank is a locally owned and managed full-service community bank headquartered in Northeastern California. The Bank operates twelve branches: eleven located in the California counties of Plumas, Lassen, Modoc, Shasta, Placer, Nevada, and one branch in the Nevada County of Washoe. The Bank also operates three loan production offices: two located in the California Counties of Placer and Butte, and one located in the Oregon County of Klamath. Plumas Bank offers a wide range of financial and investment services to consumers and businesses and has received nationwide Preferred Lender status with the United States Small Business Administration. For more information, please visit our website at www.plumasbank.com.