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Plumas Bancorp files mixed shelf

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Plumas Bancorp files mixed shelf

Quincy, Calif.-based Plumas Bancorp has filed a shelf registration statement for the sale of up to $40 million in securities that it may offer from time to time.

The filing covers the possible sale of common and preferred stock, depositary shares, debt securities, purchase contracts, warrants, rights and units.

The net proceeds from the sale of these securities will be added to the company's general funds and will be available for general corporate purposes, such as the repayment of existing indebtedness; the repurchase of the company's common stock; investments in, or extensions of credit to, the company's existing or future subsidiaries; and the financing of possible acquisitions.