SOURCE: Plumas Bank

December 19, 2006 14:20 ET

Plumas Bank Opens Commercial Real Estate Loan Office in Reno

QUINCY, CA -- (MARKET WIRE) -- December 19, 2006 -- Plumas Bank (NASDAQ: PLBC) announced today that it began operating a Commercial Real Estate Loan Office in Reno, Nevada on December 18, 2006. The office, located at 1895 Plumas St. Suite 2, is the first in the Reno area for Plumas Bank.

Doug Biddle, Plumas Bank's president and chief executive officer, commented, "Plumas Bank is excited about the opportunity to work with the Northern Nevada communities. We have built a brand that centers around customer service and providing solutions for clients. Bringing our philosophy and practices to Northern Nevada is the next step in continuing the proud tradition of Plumas Bank."

An experienced loan team consisting of Roger Kadz and Nate Stehura is managing the new office. They specialize in working with builders and developers to finance the construction of residential and commercial properties. They also assist business owners by providing financing for their business properties.

Roger Kadz is the Senior Vice President, Real Estate Manager for the Reno Real Estate Loan Office. Kadz has over thirty years experience in real estate lending. He is a member of the Builders Association of Northern Nevada, and for the past ten years, has served as the treasurer for the Northern Nevada Chapter of the Certified Commercial Investment Members (CCIM). He is a graduate of the University of Redlands with a Bachelor of Arts degree in Economics and Business Administration.

Nate Stehura joins Plumas Bank as the Vice President, Commercial Loan Officer in Reno. He has eight years experience in the commercial real estate industry. Stehura received his Bachelor of Science degree in Business Finance and Marketing from Miami University.

Plumas Bank, the largest community bank headquartered in Northeastern California, with over $480 million in assets, maintains twelve full-service offices, and four additional independent ATM sites. It serves the financial needs of local families and businesses in Plumas, Lassen, Sierra, Nevada, Placer, Shasta and Modoc counties and now offers commercial lending in the Reno, Nevada area.

Contact Information

  • Contact:
    Elizabeth Kuipers
    Vice President, Marketing Manager &
    Investor Relations Officer
    Plumas Bank
    35 S. Lindan Ave.
    Quincy, CA 95971
    Ph: 530.283.7305 x8912
    Fx: 530.283.9665
    Email Contact