---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-001914"
form_type: "8-K"
ticker: "PLBC"
cik: "0001168455"
company_name: "PLUMAS BANCORP"
filed_at: "2024-01-23T23:59:59+00:00"
generated_at: "2026-06-06T19:48:43.935693+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Plumas Bancorp enters $33.6M sale-leaseback for up to 12 properties; expects ~$27M pre-tax gain

## Summary
- Agreements with Mountainseed Real Estate Services for up to 12 properties (11 CA, 1 NV) for aggregate $33.6M cash.
- Simultaneous 15-year triple-net leaseback with one 15-year renewal; annual rent ~$3.1M, increasing 2% yearly.
- Expects pre-tax gain of ~$27M if all properties sold; closing targeted Q1 2024, subject to due diligence.
- Bank may sell securities portfolio in loss position to offset some or all of the gain from the sale.

## SEC filing metadata
- accession: 0001437749-24-001914
- form_type: 8-K
- ticker: PLBC
- cik: 0001168455
- company_name: PLUMAS BANCORP
- filed_at: 2024-01-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1168455/000143774924001914/0001437749-24-001914-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1168455/000143774924001914/plbc20240119_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-001914
- JSON: https://secwatch.observer/filing/0001437749-24-001914.json
- Plain text: https://secwatch.observer/filing/0001437749-24-001914.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1168455/000143774924001914/0001437749-24-001914-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1168455/000143774924001914/0001437749-24-001914-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.