secwatch.observer — SEC 8-K summary
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Issuer:     PLUMAS BANCORP (PLBC)
CIK:        0001168455
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001437749-24-008007
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plumas Bancorp amends non-branch property sale agreement; closing extended to Sept 16, 2024
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- Amendment extends closing date for sale of three non-branch offices to September 16, 2024.
- Plumas Bank gains termination option if accountant certifies sale no longer qualifies for gain recognition.
- If Plumas terminates, buyer Mountainseed pays certain due diligence and survey costs.
- Total cash purchase price for all three non-branch offices is $7.9 million.
- Company expects transaction to close in Q3 2024 with leaseback of each property sold.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1168455/000143774924008007/0001437749-24-008007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1168455/000143774924008007/plbc20240314_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-008007

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