secwatch.observer — SEC 8-K summary
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Issuer:     PLUMAS BANCORP (PLBC)
CIK:        0001168455
Form:       8-K
Filed at:   2025-04-01T23:59:59+00:00
Accession:  0001437749-25-010372
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Plumas Bank sells two Quincy offices for $5.55M in sale-leaseback; expects $4.9M gain
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- Cash purchase price of $5,550,000 for two administrative offices in Quincy, CA; 50-day due diligence period until mid-May 2025.
- Concurrent 15-year triple-net lease back to Plumas Bank with three 5-year renewal options; initial annual rent ~$463k, escalating 3%/yr.
- Expected pre-tax gain of ~$4.9 million upon close; company evaluating sale of securities portfolio in loss position to partially offset gain.
- Buyer is Brookline Branch Services, LLC; closing targeted for Q2 2025 if due diligence is satisfied.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1168455/000143774925010372/0001437749-25-010372-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1168455/000143774925010372/plbc20250328_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-010372

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