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Feather River Bulletin
Quincy, California
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April 7, 2010     Feather River Bulletin
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April 7, 2010
 

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FEATHER RIVER Wednesday, April 7, 2010 INC. SMALL TOWN PAPERS 50~6 CALIFORNIA AVE SW SEATTLE WA 98136- , and Surrounding Areas Since 1866 50 CENTS Linda Satchwell Staff Writer Isatchwell@plumasnews.com At their regular meeting April 1, Plumas District Hos- pital board members unani- mously adopted a resolution "calling a special election to submit to the voters of the district a proposed voter ini- tiative measure" which they are calling the "Measure A Bond Repayment Limita- tion." Since there were 908 valid signa.tures on the tax limita- tion initiative petition certi- fied by county clerk Kathy Williams, the hospital board was required to either adopt the initiative as is, which would cap the Measure A tax at $50 per $108,000 of as- sessed house value, or choose to go to election. Further, they had to choose between a mail ballot election, which would take place Aug. 31, or the general election Nov. 2. Board director Vaterie Flanigan opened the board's discussion by saying she was in favor of the Nov. 2 election date because the hospital wouldn't know whether it had been ap- proved for a low interest US- DA loan until September. PDH received a loan eligi- bility letter from the USDA and currently is in the midst of the required feasibility study. ff approved for the loan of $12 million, Chief Executive Officer Dick Hathaway said the hospital is probably looking at a lower interest rate than that of the current general obligation bonds. Flanigan felt that was vi- tal information to provide voters as they made their de- cision on the Measure A tax limitation. The rest of the board agreed. A second measure also passed unanimously, re- questing the Board of Super- visors consolidate the dis- trict's special election with the general election. This is a formality, but embedded in the language was also a request that Kathy Williams and the county clerk's office continue as the district's elections official. One of the five petitioners, Bob Zernich, wanted it placed on the record that the board had the option to adopt the tax cap right then and was choosing, instead, to take it to election. He also voiced his frustra- tion that he felt the board had thwarted the election process. "Our initiative doesn't de- pend on whether you get a loan or don't get a loan. This should have been on the June ballot at the very least," he said. Board president Dr. Mark Satterfield said he had trou- ble fathoming the accusa- tion since the board had just set an election date. Further, See PDH, page 14A rosty morn: Feeding on the fly :i!i~: Plumas resident Lucinda Wood captured this Anna's hummingbird at a feeder last Wednesday, following a break in the storm that left a blanket of late season snow in town. Wood said the hummingbird returned Presidents Day weekend, just in time for the Backyard Bird Count. Photo by Lucinda Wood II Delaine Fragnoli restoration and road projects, improve an access road to a nities. The work builds on for funding. The first would Currently, there are just Managing Editor the group endorsed two trailhead in the Lakes Basin previously funded projects, renovate the Snake Lake two designated horse camps dfragnoli@plurnasnews.com Feather River CoordinatedRecreation Area(S31,000) also One other fuel-reduction campground (off on Bucks on the Plumas National For- The Plumas County Re- Resource Management Groupreceived the group's ap-project, around the Feather Lake Road between Quincy est, one at Meadow View in source Advisory Committee proposals, one for prelimi- proval. River homesites and Fleis- and Meadow Valley) to pro- the far eastern corner of the recommended that the Forest nary work to continue Two Fire Safe Council pro- chmann Boy Scout camp on vide equestrian camping op- forest and one at Grass Valley Service fund 13 natural re- restoration of Red Clover Val- jects, one in Long Valley near the Almanor District of the portunities at a cost of Reservoir. Horse camping is source projects worth icy ($53,000) and another one Sloat and Cromberg ($63,815) Lassen National Forest, was $32,835. Work includes clear- prohibited in other camp- $463,008 at its March 26 meet- to provide water monitoring and one along the Crescent recommended for funding at ing old roadbeds to provide ground, but it is allowed on a ing. throughout the watershed Grade in Indian Valley $24,200. one-way pull-through traffic dispersed basis. In keeping with its man-($64,490). A Beckwourth ($41,485), will reduce haz- The RAC also recommend- for horse trailers, an ADA date to fund watershed Ranger District proposal to ardous fuels in those commu- ed three recreation projects campsite and horse corrals. See RAC, page 14A Delaine Fragnoli Managing Editor dfragnoli@plumasnews.com Mike Taborski Publisher mtaborski@plumasnews.com Plumas Bancorp, a bank holding company and the parent company of Plumas Bank, announced the separa- tion of employment of Dou- glas N. Biddle, effective March 26. Biddle was the company's president and chief executive officer. Andrew J. Ryback has been named the interim pres- ident and chief executive offi- cer of Plumas Bancorp and Plumas Bank. In an interview with this newspaper Friday, April 2, Ryback said his "immediate focus" would be "returning the company to profitability as quickly as possible." In light of the company's recent announcement of a $9.1 million net loss for 2009, Ryback said the company would reduce salary expens- es in 2010 through a combina- tion of attrition and packages for employees considering re- tirement. Personnel is the Ski team takes meet. See page 1C company's biggest expense III!llllllllil IllllllIII e a He said the company had "digested" its 2009 losses and was ready to move ahead in 2010. t38/t[J5 =J3i=7.q The bank's geographic area "has great opportuni- To subscribe to the Bulletin. ties," Ryback said. He sa id call 30-.83-0800 they have an eye on neigh- boring communities with struggling institutions that could fit the company's foot- print for future growth. Ryback added the company has a responsibility to its customers, employees and shareholders to continue to grow the bank so it will con- tinue to be strong and secure. But Plumas Bank remains committed to Plumas County he said. "Our headquarters are here in Quincy. We have about 80 employees in Quin- cy, and 170 total." "Growth doesn't mean loss of community. Our commu- nity-oriented philosophy has not changed," said B.J. North, executive vice presi- dent, and retail banking manager. "We continue to offer edu- cational forums, we partici- pate and donate in communi- ty events, our executive team is available for face-to-face interaction with community members, we have special- ists in agriculture, Small Business Administration and other areas that enhance our services to our communities. Plumas Bank has a touch cul- ture, we communicate and listen to our customers, we understand their needs." At this time, the company has no plans for service changes like those that have occurred in Westwood and Loyalton. With a strong deposit base to work from, the company wants to increase its loan business, according to Ry- back. "Although it might ap- pear we're not lending, we are." Plumas Bank does not do home mortgages, but it does offer home equity, construc- tion and commercial loans, The general economic cli- mate -- not the quality of the borrower -- has hurt the company's commercial and home equity loan business. The Reno and Lake Almanor markets have been especially hard on commercial and land development loans. But Ryback sees reason for optimism: The company, by law, must reassess certain properties every six months; and after months of watching values go down, some have begun to come back up. The company also took ad- vantage of the weak real es- tate market when it pur- chased a building in Redding that it had been leasing. Ryback will take his opti- mism to the shareholders an- nual meeting next month. "Our performance has not been acceptable," he said, and he aims to change that. Ryback joined Plumas Bank in 2001. In March 2005, he was appointed executive vice president and chief fi- nancial officer of Plumas Bancorp and Plumas Bank. Prior to joining the bank, Ry- back held the position of vice president/controller for Plac- er Sierra Bank in Auburn. Ryback received his Bache- I lor of Science degree in busi- eastern California. He is also ness administration from a member of the Quincy Vol- California State Universi- unteer Fire Department, the ty-Northridge and was a Plumas District Hospital member of the honorary ac- Oversight Committee and counting fraternity Beta A1- Toastmasters International. pha Psi. He is a graduate of Founded in 1980, by a small Pacific Coast Banking School group of community-minded and is also a certified public citizens with a vision, accountant. Plumas Bank now operates Ryback is very active in 13 branches located in his community; he serves on the counties of Plumas, the board for Sierra Cascade Lassen, Sierra, Placer, Family Opportunities, an or- Nevada, Modoc and Shasta. It ganization that oversees the also operates a commercial Head Start and State Pre- real estate lending office in School programs of north- Reno, Nev. Andrew J. Ryback has been named the interim president and chief executive officer of Plumas Bancorp And Plumas Bank. Photo by Mike Taborski t