09:43 AM EDT, 07/02/2025 (MT Newswires) -- Plumas Bancorp ( PLBC ) said Wednesday it has completed its previously announced acquisition of Cornerstone Community Bancorp for about $61.3 million.

Under the terms, each Cornerstone share was converted into the right to receive a combination of 0.6608 shares of Plumas common stock and $9.75 in cash, the company said.

Cornerstone Chief Executive Matthew Moseley will continue with Plumas Bank as executive vice president and market president, the company said.

With the addition of Cornerstone, Plumas said it had total assets of about $2.3 billion as of March 31 on a pro forma combined basis.

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