In honor of Community Banking Month in April, Plumas Bank and the Independent Community Bankers of America are highlighting community bank efforts to power local communities and fuel economic prosperity for Americans nationwide.
“At Plumas Bank, we make banking personal and powerful for the businesses, individuals and communities we serve,” said Andrew J. Ryback, president and CEO at Plumas Bank. “As bankers who believe, we help families and businesses reach their financial goals. We invite you to visit our branches to find out how Plumas Bank can support your unique banking needs no matter what stage of the financial journey you are on.”
Collectively, community banks fund more than 60% of all small-business loans and more than 80% of agriculture loans nationwide and contribute tax dollars that help maintain local municipalities.
Community banks:
- Are favored by small businesses, earning a 74% net satisfaction score compared to 53% for large banks, 42% for finance companies and 15% for online lenders.
- Are committed lenders with loan growth that has outpaced noncommunity banks for a decade.
- Offer high-touch, high-tech service, providing modern-day conveniences and technical capabilities while maintaining the personal service for which they are known.
- Have a track record in helping underserved Americans by providing greater flexibility to low-income and minority borrowers. Community banks serve 93% of majority-minority communities and 96% of low-income designated counties.
- Give back to their communities. Civic service is a way of life for community bankers as reflected in ICBA’s National Community Bank Service Awards.
“Community banks cater to the distinct financing needs of their customers as a cornerstone of their business philosophy, creating meaningful and long-lasting relationships,” said ICBA President and CEO Rebeca Romero Rainey. “ICBA takes pride in representing these community-centric servants and prioritize championing their dedication to empower local communities.”
Plumas Bank encourages everyone to follow the ICBA Community Banking Month conversation on social media with the #BankLocally and #CommunityBankingMonth hashtags.
Plumas Bancorp is headquartered in Reno, Nevada. Plumas Bancorp’s principal subsidiary is Plumas Bank, founded in 1980 and headquartered in Quincy. The bank offers a wide range of financial and investment services to consumers and businesses via its 15 regional branches. Plumas Bank has received nationwide preferred lender status with the United States Small Business Administration. More information on Plumas Bancorp and Plumas Bank is available at http://www.plumasbank.com.
Independent Community Bankers of America has one mission: to create and promote an environment where community banks flourish. The group aims to power the potential of the nation’s community banks through effective advocacy, education, and innovation. ICBA points out that America’s community banks create jobs, foster economic prosperity and fuel their customers’ financial goals and dreams. More information is available at http://www.icba.org.
Information provided by Plumas Bank