Earlier this year, Reno-based Plumas Bank announced it donated $50,000 to the Dixie Fire Fund to provide disaster relief and long-term revitalization for communities affected by California’s largest wildfire in history.
Recently, Plumas Bank shared that it secured another $25,000 in matching funds from the Federal Home Loan Bank of San Francisco. As of Dec. 20, the Dixie Fire Fund — administered by the Community Foundation of Northern Nevada — has raised more than $220,000, according to Plumas Bank press release.
“We are grateful for our partnership with the Federal Home Loan Bank San Francisco and appreciate their support in helping Plumas Bank respond to the urgent needs of our local communities,” Plumas Bank President/CEO Andrew J. Ryback said in a statement. “Plumas Bank has served our northeastern communities through good times and bad for over four decades, and we are committed to helping our clients and neighbors whose lives have been devastated by the Dixie Fire.”
The Federal Home Loan Bank of San Francisco delivers low-cost funding and other services that help member financial institutions make home 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.
“Recovery from the damage caused by a wildfire requires meeting the immediate needs of affected families and also developing and supporting long-term strategies for rebuilding the economies of affected communities,” Marietta Núñez, Senior Vice President and Community Investment Officer at the bank, said in a statement. “We are pleased to be able to match the generous donation our member Plumas Bank has made to the Dixie Fire Fund.”
