Brief: Plumas Bancorp To Acquire Feather River Bancorp

Plumas Bancorp

11/03/2021 14:15

March 11 (Reuters) - Plumas Bancorp  PLBC.O :
    * PLUMAS BANCORP TO ACQUIRE FEATHER RIVER BANCORP, INC.
    * PLUMAS BANCORP - PLUMAS WILL ACQUIRE FEATHER RIVER IN A
STOCK
AND CASH TRANSACTION VALUED AT ABOUT $21 MILLION
    * PLUMAS BANCORP - GIVING EFFECT TO MERGER, FEATHER RIVER
SHAREHOLDERS WILL HOLD ABOUT 10% OF CO'S COMMON STOCK BASED ON
DEC 31, 2020 REPORTED DATA
    * PLUMAS BANCORP - ONE CURRENT MEMBER OF FEATHER RIVER BOARD
WILL
BE ASKED TO SERVE ON BOARD OF DIRECTORS FOR PLUMAS
    * PLUMAS BANCORP - EXPECTS DEAL TO BE ABOUT 6.8% ACCRETIVE
TO EPS
IN 2021, EXCLUDING ONE-TIME TRANSACTIONS COSTS, & 8.1% ACCRETIVE
IN 2022

Source text for Eikon:  ID:nGNX9pzPSp 
Further company coverage:  PLBC.O 

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