Plumas Bancorp Enhances Executive Severance Benefits in Change in Control Agreements Amid M&A Developments

Reuters08-23

<a href="https://laohu8.com/S/PLBC">Plumas Bancorp</a> Enhances Executive Severance Benefits in Change in Control Agreements Amid M&A Developments

Plumas Bancorp has announced the entry into Change in Control Agreements with key executives, including Richard Belstock, Mathew Moseley, Aaron Boigon, Jeff Moore, and Jack Prescott. This move updates previous agreements from July 21, 2025, by extending the cash change in control severance benefit from 12 months to 18 months of annual base salary. These agreements are set to remain in effect until December 31, 2028, with automatic renewals unless terminated by either party. If a change in control occurs, the agreement will last until the second anniversary of the change. This strategic update aims to ensure stability and continuity within the company's leadership team during transitional periods.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Plumas Bancorp published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-027612), on August 22, 2025, and is solely responsible for the information contained therein.

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