Business Context and Reporting Period
This Form 8-K Current Report was filed by Plumas Bancorp on November 16, 2011. The filing addresses corporate governance changes, specifically the permanent appointment of key executive officers for both Plumas Bancorp and its subsidiary, Plumas Bank.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel appointments and does not contain financial performance data.
Material Changes
The primary material change reported is the transition of two executives from interim to permanent roles:
- Andrew J. Ryback: Promoted from interim President and Chief Executive Officer to permanent President and Chief Executive Officer.
- Richard L. Belstock: Promoted from interim Chief Financial Officer to permanent Chief Financial Officer.
Management Commentary and Risks
The filing provides biographical details regarding the new appointees:
- Andrew J. Ryback: Joined Plumas Bank in 2001, served as interim CEO since March 2010, and holds a CPA designation. He has extensive community involvement, including roles with the Quincy Fire Protection District and Plumas District Hospital.
- Richard L. Belstock: Joined the company in 2006, served as interim CFO since March 2010, and has been a licensed CPA since 1980. He previously held controller positions at Sierra West Bancorp.
No specific risks, contingencies, or unusual items were disclosed in this filing.
Investor Verification Checklist
- Verify the effective date of the permanent appointments (November 16, 2011).
- Review the attached Press Release (Exhibit 99.1) for additional context on the leadership transition.
- Confirm the tenure and prior interim status of Mr. Ryback and Mr. Belstock to understand the stability of the leadership team.