Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PLUMAS BANCORP incurred senior notes of $10 million in aggregate principal amount of 4.75% Fixed-to-Floating Rate Subordinated Notes due November 30, 2030 at fixed interest rate of 4.75% for the first five years and thereafter a quarterly maturing November 30, 2030.
- Instrument
- senior notes
- Principal
- $10 million in aggregate principal amount of 4.75% Fixed-to-Floating Rate Subordinated Notes due November 30, 2030
- Rate
- fixed interest rate of 4.75% for the first five years and thereafter a quarterly
- Maturity
- November 30, 2030
- Event
- incurrence
Exact text from the filing
the Company assumed Cornerstone’s obligations with respect to an aggregate principal amount of $12 million of subordinated notes, comprised of (a) $2 million in aggregate principal amount of 4.75% Fixed to Floating Rate Subordinated Notes due November 30, 2035 (the “2035 Notes”) and (b) $10 million in aggregate principal amount of 4.75% Fixed-to-Floating Rate Subordinated Notes due November 30, 2030 (the “2030 Notes”).
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PLUMAS BANCORP incurred senior notes of $12 million of subordinated notes, comprised of (a) $2 million in aggregate principal amount of 4.75% Fixed to Floating at fixed interest rate of 4.75% for the first ten years and thereafter ... three-mo maturing November 30, 2035.
- Instrument
- senior notes
- Principal
- $12 million of subordinated notes, comprised of (a) $2 million in aggregate principal amount of 4.75% Fixed to Floating
- Rate
- fixed interest rate of 4.75% for the first ten years and thereafter ... three-mo
- Maturity
- November 30, 2035
- Event
- incurrence
Exact text from the filing
the Company assumed Cornerstone’s obligations with respect to an aggregate principal amount of $12 million of subordinated notes, comprised of (a) $2 million in aggregate principal amount of 4.75% Fixed to Floating Rate Subordinated Notes due November 30, 2035 (the “2035 Notes”) and (b) $10 million in aggregate principal amount of 4.75% Fixed-to-Floating Rate Subordinated Notes due November 30, 2030 (the “2030 Notes”).
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.95
PLUMAS BANCORP completed an acquisition involving Cornerstone Community Bancorp for Each Cornerstone share converted into 0.6608 shares of Plumas common stock and $9.75 cash, plus cash for fractional shares, and termination of options. (closed 2025-07-01).
- Action
- acquisition
- Counterparty
- Cornerstone Community Bancorp
- Consideration
- Each Cornerstone share converted into 0.6608 shares of Plumas common stock and $9.75 cash, plus cash for fractional shares, and termination of options.
- Closing
- 2025-07-01
Exact text from the filing
the terms of the Merger Agreement, upon the completion of the Merger, each share of Cornerstone common stock outstanding immediately prior was converted into the right to receive 0.6608 shares of common stock of the Company and $9.75 cash, with cash paid in lieu of fractional shares. The total aggregate consideration delivered to holders of Cornerstone common
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