---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-004269"
form_type: "8-K"
ticker: "PLBC"
cik: "0001168455"
company_name: "PLUMAS BANCORP"
filed_at: "2024-02-15T23:59:59+00:00"
generated_at: "2026-06-06T00:47:45.050204+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Plumas Bancorp completes $25.7M sale-leaseback of nine branches, records $19.8M pre-tax gain

## Summary
- Sold nine branch properties to MountainSeed for $25.7M cash; pre-tax gain of $19.8M recognized.
- Leased back properties under 15-year term with annual rent of ~$2.4M, increasing 2% per year.
- Evaluating partial securities portfolio sale to offset gain; second sale-leaseback of three offices for $7.9M expected in March 2024.
- Transaction intended to improve earnings profile and book value per share, according to CEO.

## SEC filing metadata
- accession: 0001437749-24-004269
- form_type: 8-K
- ticker: PLBC
- cik: 0001168455
- company_name: PLUMAS BANCORP
- filed_at: 2024-02-15T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.03, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1168455/000143774924004269/0001437749-24-004269-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1168455/000143774924004269/plbc20240213_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-004269
- JSON: https://secwatch.observer/filing/0001437749-24-004269.json
- Plain text: https://secwatch.observer/filing/0001437749-24-004269.txt

## Key facts
- Debt Financings
  PLUMAS BANCORP incurred lease obligation of approximately $25.7 million with MountainSeed Real Estate Services maturing 15-year lease term.
  - Instrument: lease obligation
  - Principal: approximately $25.7 million
  - Counterparty: MountainSeed Real Estate Services
  - Maturity: 15-year lease term
  - Event: incurrence
  source text: MountainSeed Real Estate Services acquired nine properties operated as branches from Plumas Bank and leased each property back to the bank for a 15-year lease term.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1168455/000143774924004269/0001437749-24-004269-index.htm

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