Plumas Bancorp to acquire Cornerstone Community Bancorp for ~$64.6M in stock and cash

PLUMAS BANCORP

Each Cornerstone share to receive 0.6608 Plumas shares + $9.75 cash; valued at $41.31/share based on Jan 28 close.
Deal valued at ~$64.6M; expected ~9% EPS accretive in 2025 and ~23% in 2026.
Combined pro forma: $2.3B assets, $2.0B deposits, $1.5B loans, 19 branches across N. California/W. Nevada.
Cornerstone shareholders to own ~14% of combined company; tangible book dilution ~13% with <3 year earn-back.
One Cornerstone director to join Plumas board; closing expected H2 2025, subject to regulatory and shareholder approvals.

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