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Plumas Financial institution, Federal Residence Mortgage Financial institution of San Francisco companion on Dixie Fireplace donations

Thursday, January 6, 2022


Earlier this year, Reno-based Plumas Bank announced that it had donated $ 50,000 to the Dixie Fire Fund to provide disaster relief and long-term recovery for communities affected by California’s largest forest fire in history.

Plumas Bank recently announced that it has secured an additional $ 25,000 in matching funds from the Federal Home Loan Bank of San Francisco. As of December 20, the Dixie Fire Fund – administered by the Community Foundation of Northern Nevada – has raised more than $ 220,000, according to a press release from Plumas Bank.

“We are grateful for our partnership with Federal Home Loan Bank San Francisco and appreciate their assistance in helping Plumas Bank meet the urgent needs of our local communities,” said Andrew J. Ryback, President / CEO of Plumas Bank, in an explanation. “Plumas Bank has served our northeastern communities in good times and bad for four decades, and we are committed to helping our customers and neighbors whose lives were destroyed by the Dixie Fire.”

The Federal Home Loan Bank of San Francisco provides low-cost financing and other services that help member financial institutions provide mortgages for people of all income levels and provide loans that benefit neighborhoods and communities. Headquartered in Arizona, California, and Nevada, members include commercial banks, credit unions, industrial credit companies, savings institutions, insurance companies, and community development financial institutions.

“Repairing the damage caused by a forest fire requires meeting the immediate needs of affected families and developing and supporting long-term strategies to rebuild the economies of the affected communities,” said Marietta Núñez, senior vice president and community investment officer for the bank. in a statement. “We are pleased to be able to match the generous donation from our member Plumas Bank to the Dixie Fire Fund.”

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