Recently, Plumas Bank said it had 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 – had raised more than $ 220,000, according to the press release from Plumas Bank.
“We are grateful for our partnership with Federal Home Loan Bank San Francisco and appreciate their support in helping Plumas Bank meet the urgent needs of our local communities,” said Andrew J. Ryback, President and CEO of Plumas Bank, in a communicated. “Plumas Bank has served our northeastern communities through good and bad times for over four decades, and we are committed to helping our customers and neighbors whose lives have been devastated by the Dixie fire.”
The Federal Home Loan Bank of San Francisco offers low-cost finance and other services that help member financial institutions provide mortgages to people of all income levels and provide credit that supports neighborhoods and communities. . Members are headquartered in Arizona, California, and Nevada and include commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions.
“Recovering the damage from a forest fire requires meeting the immediate needs of affected families and also developing and supporting long-term strategies to rebuild the economies of affected communities,” said Marietta Núñez, Senior Vice President and responsible for the bank’s community investments. in a report. “We are delighted to be able to match the generous donation our member Plumas Bank has made to the Dixie Fire Fund. “