In recognition of National Ag Day, Plumas Bank and the Independent Community Bankers of America (ICBA) are celebrating the contributions of America’s local farmers, ranchers, and agricultural enterprises.
“At Plumas Bank, we recognize the essential role of agriculture, which is central to our country’s health and prosperity,” said John Hays, senior vice president, ag loan officer.
Hays continued, “We pledge to do all we can to support these stewards of the land and their work to preserve our nation’s natural resources-today, tomorrow and for the future-for the benefit of all Americans.”
Community banks provide 80% of all financing to and are often the catalysts for new and expanded business opportunities within their communities. In fact, community banks provide roughly $130 billion in agriculture loans.
National Ag Day was founded nearly 50 years ago to recognize the contributions of farmers in providing Americans with healthy, affordable, and abundant food options. ICBA offers the following facts about the agriculture industry:
* The typical American farmer produces enough food and fiber to feed 166 people, producing jobs and investment throughout the economy.
* Americans spend less than 10 percent of their disposable income on food, allowing consumers financial freedom to purchase other goods.
* Farming and related industries employ 21.6 million people, making up 11 percent of total U.S. employment.
“Community banks have been serving the agricultural community for more than a century, applying their intrinsic knowledge of local markets and relationship-based lending philosophy to address this sector’s financial needs,” ICBA President and CEO Rebeca Romero Rainey said. “Our nation’s community bankers look forward to building on this rich tradition of service, which supports our nation’s food supply and bolsters our economy.”
About Plumas Bank
Plumas Bank is a full-service community bank headquartered in Quincy, California. The bank operates fourteen branches: twelve located in the California counties of Lassen, Modoc, Nevada, Placer, Plumas, Shasta, and Sutter and two branches located in Nevada in the counties of Carson City and Washoe. The bank also operates three loan production offices located in the California Counties of Butte and Placer and Klamath Falls, Oregon. Plumas Bank offers a wide range of financial and investment services to consumers and businesses and has received nationwide Preferred Lender status with the United States Small Business Administration. For more information on Plumas Bancorp and Plumas Bank, visit www.plumasbank.com.
The Independent Community Bankers of America(r) creates and promotes an environment where community banks flourish. ICBA is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education, and high-quality products and services.
With nearly 50,000 locations nationwide, community banks constitute roughly 99 percent of all banks, employ nearly 700,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding nearly $5.9 trillion in assets, over $4.9 trillion in deposits, and more than $3.5 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit www.icba.org.