Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
PLUMAS BANCORP entered into Sale Agreement for Non-Branch Offices with Mountainseed Real Estate Services, LLC valued at approximately $7.9 million (effective 2024-01-19).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Mountainseed Real Estate Services, LLC
- Value
- approximately $7.9 million
- Effective
- 2024-01-19
Exact text from the filing
The second Sale Agreement provides for the sale to Mountainseed of up to three properties operated as non-branch administrative offices (the “Non-Branch Offices”) for an aggregate cash purchase price of $7.9 million, assuming all of the Non-Branch Offices are sold.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
PLUMAS BANCORP entered into Sale Agreement for Branches with Mountainseed Real Estate Services, LLC valued at approximately $25.7 million (effective 2024-01-19).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Mountainseed Real Estate Services, LLC
- Value
- approximately $25.7 million
- Effective
- 2024-01-19
Exact text from the filing
On January 19, 2024, Plumas Bank (the “Bank”), a wholly-owned subsidiary of Plumas Bancorp (the “Company”), entered into two agreements for the purchase and sale of real property (the “Sale Agreements”) with Mountainseed Real Estate Services, LLC, a Georgia limited liability company (“Mountainseed”), providing for the Bank’s sale to Mountainseed of up to 12 properties (the “Properties”) for an aggregate cash purchase price of $33.6 million, assuming all of the Properties are sold.
View on SEC.gov