SEC Form SC 13G/A filed by Plumas Bancorp (Amendment)

1/25/22 5:05:30 PM ET

Finance Companies

Finance

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SC 13G/A 1 plbc13g.txt 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________ SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (AMENDMENT NO. 6)* Plumas Bancorp (Name of Issuer) Common Stock, no par value (Title of Class of Securities) 729273102 (CUSIP Number) December 31, 2021 (Date of Event Which Requires Filing of This Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ x ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP NO. 32106V107 --------- --------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS Siena Capital Partners I, L.P. --------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] --------------------------------------------------------------------------- (3) SEC USE ONLY --------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware --------------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER 0 SHARES --------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 244,661 OWNED BY --------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING --------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 244,661 --------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 244,661 --------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES [ ] --------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.3%(1) --------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON PN --------------------------------------------------------------------------- (1) Based on 5,813,523 shares of Common Stock outstanding as of November 5, 2021, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 10, 2021. --------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS Siena Capital Partners Accredited, L.P. --------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] --------------------------------------------------------------------------- (3) SEC USE ONLY --------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware --------------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER 0 SHARES --------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 7,815 OWNED BY --------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING --------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 7,815 --------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,815 --------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES [ ] --------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.13%(1) --------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON PN --------------------------------------------------------------------------- (1) Based on 5,813,523 shares of Common Stock outstanding as of November 5, 2021, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 10, 2021. --------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS Siena Capital Partners GP, LLC --------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] --------------------------------------------------------------------------- (3) SEC USE ONLY --------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware --------------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER 0 SHARES --------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 0 OWNED BY --------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING --------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 0 --------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 --------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES [ ] --------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.0% --------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON OO --------------------------------------------------------------------------- Item 1. (a) Name of Issuer: Plumas Bancorp (the "Issuer") (b) Address of Issuer's Principal Executive Offices: 5525 Kietzke Lane, Suite 100, Reno, NV 89511 Item 2. (a) Name of Person Filing: Siena Capital Partners I, L.P. Siena Capital Partners Accredited, L.P. Siena Capital Partners GP, LLC (b) Address of Principal Business Office or, if None, Residence: 100 N. Riverside Plaza, Suite 1630, Chicago IL 60606 (c) Citizenship: Siena Capital Partners I, L.P. is a Delaware limited partnership. Siena Capital Partners Accredited, L.P. is a Delaware limited partnership. Siena Capital Partners GP, LLC is a Delaware lmited liability company. (d) Title of Class of Securities: Common Stock, no par value ("Common Stock") (e) CUSIP Number: 32106V107 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: Not applicable Item 4. Ownership. (a) Amount beneficially owned: Siena Capital Partners I, L.P. may be deemed to beneficially own 244,661 shares of Common Stock; Siena Capital Partners Accredited, L.P. may be deemed to own 7,815 shares of Common Stock; and Siena Capital Partners GP, LLC may be deemed to beneficially own 0 shares of Common Stock. Siena Capital Partners GP, LLC is the general partner of Siena Capital Partners I, L.P. and Siena Capital Partners Accredited, L.P. (b) Percent of class: Siena Capital Partners I, L.P. may be deemed to beneficially own 4.3% of the Common Stock; Siena Capital Partners Accredited, L.P. may be deemed to beneficially own 0.13% of the Common Stock; and Siena Capital Partners GP, LLC may be deemed to beneficially own 0% of the Common Stock. The percentages are based on 5,813,523 shares of Common Stock outstanding as of November 5, 2021, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 10, 2021. (c) Number of shares as to which Siena Capital Partners I, L.P. has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 244,661 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 244,661 Number of shares as to which Siena Capital Accredited, L.P. has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 7,815 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 7,815 Number of shares as to which Siena Capital Partners GP, LLC has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not Applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not Applicable. Item 8. Identification and Classification of Members of the Group. Not Applicable. Item 9. Notice of Dissolution of Group. Not Applicable. Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 10, 2022 Filer Siena Capital Partners I, L.P. By: Siena Capital Partners GP, LLC, its General Partner By: /s/ David Abraham Name: David Abraham Title: Secretary Filer Siena Capital Partners Accredited, L.P. By: Siena Capital Partners GP, LLC, its General Partner By: /s/ David Abraham Name: David Abraham Title: Secretary Filer Siena Capital Partners GP, LLC By: /s/ David Abraham Name: David Abraham Title: Secretary ----------------------------------------------------------------------- EXHIBIT 1--JOINT FILING AGREEMENT The undersigned hereby agree that they are filing this statement jointly pursuant to Rule 13d-1(k)(1). Each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. In accordance with Rule 13d-1(k)(1) promulgated under the Securities and Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with each other on behalf of each of them of such a statement on Schedule 13G with respect to the common stock of beneficially owned by each of them. This Joint Filing Agreement shall be included as an exhibit to such Schedule 13G. Date: January 10, 2022 Filer Siena Capital Partners I, L.P. By: Siena Capital Partners GP, LLC, its General Partner By: /s/ David Abraham Name: David Abraham Title: Secretary Filer Siena Capital Partners Accredited, L.P. By: Siena Capital Partners GP, LLC, its General Partner By: /s/ David Abraham Name: David Abraham Title: Secretary Filer Siena Capital Partners GP, LLC By: /s/ David Abraham Name: David Abraham Title: Secretary

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Date

Price Target

Rating

Analyst

2/27/2025

$60.00

Overweight

Piper Sandler

11/27/2024

$60.00

Overweight

Stephens

8/31/2023

$38.00

Outperform

Raymond James

SEC Form SC 13G/A filed by Plumas Bancorp (Amendment)

1/25/22 5:05:30 PM ET

$PLBC

Finance Companies

Finance

Get the next $PLBC alert in real time by email

Date

Price Target

Rating

Analyst

2/27/2025

$60.00

Overweight

Piper Sandler

11/27/2024

$60.00

Overweight

Stephens

8/31/2023

$38.00

Outperform

Raymond James

SEC Form SC 13G/A filed by Plumas Bancorp (Amendment)

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SEC Form SC 13G/A filed by Plumas Bancorp (Amendment)

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Press Releases

Plumas Bank Announces Year-End Retirement of Chief Credit Officer Jeff Moore; Kevin Kaiser Named Successor

Plumas Bank Releases 2025 Corporate Citizenship Report: Client Support, Workforce Development, & Sound Governance Strengthen Shareholder Value

PLUMAS BANCORP DECLARES QUARTERLY CASH DIVIDEND

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Insider Trading

EVP, Chief Information Officer Boigon Aaron M. sold $61,635 worth of shares (1,500 units at $41.09) and exercised 1,500 shares at a strike of $21.45 (SEC Form 4)

EVP and CFO Belstock Richard L exercised 1,000 shares at a strike of $21.45, increasing direct ownership by 2% to 51,135 units (SEC Form 4)

EVP and CCO Moore Jeffrey T. exercised 1,200 shares at a strike of $21.45 (SEC Form 4)

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Analyst Ratings

Piper Sandler initiated coverage on Plumas Bancorp with a new price target

Stephens initiated coverage on Plumas Bancorp with a new price target

Raymond James initiated coverage on Plumas Bancorp with a new price target

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SEC Filings

Plumas Bancorp filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits

Plumas Bancorp filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits

SEC Form 10-Q filed by Plumas Bancorp

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Insider Purchases

Director Foster Michael Kevin bought $26,650 worth of shares (650 units at $41.00), increasing direct ownership by 28% to 2,980 units (SEC Form 4)

Director Patel Sushil Amathalal bought $53,502 worth of shares (1,300 units at $41.16), increasing direct ownership by 55% to 3,685 units (SEC Form 4)

Director Foster Michael Kevin bought $31,879 worth of shares (749 units at $42.56), increasing direct ownership by 47% to 2,330 units (SEC Form 4)

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Leadership Updates

PLUMAS BANCORP ACQUIRES CORNERSTONE COMMUNITY BANCORP

PLUMAS BANCORP TO ACQUIRE CORNERSTONE COMMUNITY BANCORP

Kevin Foster Appointed to Plumas Bancorp Board of Directors

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Financials

Plumas Bank Releases 2025 Corporate Citizenship Report: Client Support, Workforce Development, & Sound Governance Strengthen Shareholder Value

PLUMAS BANCORP DECLARES QUARTERLY CASH DIVIDEND

Plumas Bancorp Reports Second Quarter 2025 Earnings

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Large Ownership Changes