Brief: Plumas Bancorp says On January 19, Plumas Bank Entered Into Two Agreements For Purchase And Sale Of Real Property With Mountainseed Real Estate Services

Plumas Bancorp

23/01/2024 15:38

Jan 23 (Reuters) - Plumas Bancorp  PLBC.O :
    * PLUMAS BANCORP -  ON JANUARY 19, PLUMAS BANK ENTERED INTO
TWO
AGREEMENTS FOR PURCHASE AND SALE OF REAL PROPERTY WITH
MOUNTAINSEED REAL ESTATE SERVICES
    * PLUMAS BANCORP -  DEAL PROVIDING FOR BANK'S SALE TO
MOUNTAINSEED
OF UP TO 12 PROPERTIES FOR AN AGGREGATE CASH PURCHASE PRICE OF
$33.6 MILLION
    * PLUMAS BANCORP - SALE-LEASEBACK TRANSACTION IS EXPECTED TO
RESULT IN A PRE-TAX GAIN OF APPROXIMATELY $27 MILLION

Further company coverage:  PLBC.O 

 ((Reuters.Briefs@thomsonreuters.com;))