Terrance J. Reeson retires after forty years of service
RENO, Nev., January 2, 2025 (GLOBE NEWSWIRE) — Plumas Bancorp (Nasdaq: PLBC), bank holding company and parent company of Plumas Bank, recently announced the retirement of Terrance J. Reeson from the Board of Directors , effective as of December 31, 2024, after forty years of service.
Terrance J. Reeson was appointed to the Plumas Bank Board of Directors in 1984, and served as board secretary for more than three decades. He also participated in various committees during his mandate, notably those of Audits and Risks, Executive, as well as Governance and Remuneration.
Daniel E. West, Chairman of the Board, said: “Terry's unwavering commitment and invaluable contributions to our organization over the past four decades have been essential in moving our structure forward. On behalf of the entire Board, “We thank him for his many years of service. Although we will miss his absence at our meetings, we know that his influence will continue to guide the company to new successes.”
Reeson expressed, “It has been an honor and privilege to witness the growth and success of this organization over the past forty years. As I retire, I am confident that the current Board of Directors, with his diverse skills and experience, is prepared to continue to advance Plumas Bancorp's strategic initiatives. The Board's directives will not only improve the quality of life of the communities we serve, but also shareholder value.”
About Plumas Bancorp and Plumas Bank
Plumas Bank, a subsidiary of Plumas Bancorp (NASDAQ: PLBC), is an award-winning community bank founded in 1980, headquartered in Quincy, California. With 15 branches in Northeast California and Northern Nevada, as well as loan production offices in California and Southern Oregon, Plumas Bank ranks among the nation's top community banks, with a assets exceeding $1.6 billion.
Takeaways
- Terrance J. Reeson was a member of the Board of Directors of Plumas Bank for forty years.
- He contributed to various committees, notably that of Audits and Risks.
- The current leadership of the Board of Directors is committed to continuing the company's strategic initiatives.
- Plumas Bank is positioned as a key player in community banking, with a strong reputation in California and Nevada.
The evolution of a local banking sector like Plumas Bank highlights the importance of stable and competent management. Moving forward, it will be interesting to observe how the bank continues to adapt to market challenges while maintaining its commitment to the communities it serves.
- Source image(s) : www.manilatimes.net
- Source : https://www.manilatimes.net/2025/01/03/tmt-newswire/globenewswire/plumas-bancorp-director-terrance-j-reeson-retires-after-40-years-of-service/2029569
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