Quincy, Calif.-basedPlumas Bancorp on May 10repurchased half of a 300,000 share common stock warrant.
The repurchaseprice was $862,500. The warrant expires April 15, 2021, and has anexercise price of $5.25 per share. It now represents the right to purchase 150,000shares of the company's common stock.
The was originally issued April15, 2013, in relation to the company's sale of a $7.5 million subordinated debentureto Community BanCapital LP.