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  <TITLE> Plumas Bancorp (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	March 1, 2007
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  	Plumas Bancorp
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	California
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  	000-49883
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  	95-3520374
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	35 S. Lindan Avenue, Quincy, California
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  	95971
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	(530)283-7305
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  <B>
  	Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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  2006 Named Executive Officer Bonus Payments<br><br>The following incentive payments have been earned by the name executive officers under the Plumas Bank Executive Management Bonus Plan with payment to be made on or before March 15, 2007.  <br><br>Douglas N. Biddle<br>President and CEO of Plumas Bancorp and Plumas Bank   -  $96,350<br><br>Robert T. Herr<br>EVP and Loan Administrator of Plumas Bank	-	$49,648<br>		<br>Dennis C. Irvine<br>EVP and CITO of Plumas Bank			-	$44,444<br><br>Andrew J. Ryback<br>EVP and CFO of Plumas Bancorp and Plumas Bank	-	$40,612<br><br>Monetta R. Dembosz<br>EVP and Manager &#x2013; Bank Operations Group of Plumas Bank -	$27,762<br><br><br>Stock Option Grants<br><br>The Board of Directors of Plumas Bancorp granted the following named executive officers stock options on March 1, 2007, pursuant to our 2001 Stock Option Plan as amended on May 17, 2006. The stock options have an exercise price per share of $16.37, which was the closing price of our common stock on the NASDAQ Capital Market on the date of grant. The following named executive officers&#x2019; stock options will vest in four equal annual installments beginning on March 1, 2008 and expire on March 1, 2015. The grants are evidenced by Stock Option Agreements in substantially the form attached as Exhibit 10.1 to this report.<br><br>Douglas N. Biddle	-  25,700, Robert T. Herr -  10,400, Dennis C. Irvine -  10,400, Andrew J. Ryback	-  10,400, Monetta R. Dembosz      -  10,400	<br> <br><br>2007 Named Executive Officer Salaries<br><br>Pursuant to a recommendation by the Compensation Committee, the Board of Directors approved the following increased annual base salaries for the following named executive officers to be effective March 1, 2007.<br><br>Andrew J. Ryback<br>EVP and CFO of Plumas Bancorp and Plumas Bank	- $145,000<br><br>Monetta R. Dembosz<br>EVP and Manager &#x2013; Bank Operations Group of Plumas Bank - $130,000<br>
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  	Item 9.01 Financial Statements and Exhibits.
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  Form of Stock Option Agreement
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	Plumas Bancorp
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  	&nbsp;&nbsp;
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  <I>
  	March 5, 2007
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  	Andrew J. Ryback
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  	Name: Andrew J. Ryback
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  	Title: Executive Vice President/Chief Financial Officer
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	10.1
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  	&nbsp;
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  Form of Stock Option Agreement
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_18650.htm", "description": "LIVE FILING", "secsgml_size_bytes": 11693}]
metadata_filer: {"company-data": {"conformed-name": "PLUMAS BANCORP", "cik": "0001168455", "assigned-sic": "6153", "irs-number": "752987096", "state-of-incorporation": "CA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-49883", "film-number": "07671832"}, "business-address": {"street1": "35 S LINDEN AVENUE", "city": "QUINCY", "state": "CA", "zip": "95971", "phone": "5302837305"}}
text: Plumas Bancorp (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  March 1, 2007
  Plumas Bancorp
  __________________________________________
  (Exact name of registrant as specified in its charter)
  California
  000-49883
  95-3520374
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  35 S. Lindan Avenue, Quincy, California
  95971
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  (530)283-7305
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
  2006 Named Executive Officer Bonus Payments
  The following incentive payments have been earned by the name executive officers under the Plumas Bank Executive Management Bonus Plan with payment to be made on or before March 15, 2007.
  Douglas N. Biddle
  President and CEO of Plumas Bancorp and Plumas Bank   -  $96,350
  Robert T. Herr
  EVP and Loan Administrator of Plumas Bank	-	$49,648
  Dennis C. Irvine
  EVP and CITO of Plumas Bank			-	$44,444
  Andrew J. Ryback
  EVP and CFO of Plumas Bancorp and Plumas Bank	-	$40,612
  Monetta R. Dembosz
  EVP and Manager – Bank Operations Group of Plumas Bank -	$27,762
  Stock Option Grants
  The Board of Directors of Plumas Bancorp granted the following named executive officers stock options on March 1, 2007, pursuant to our 2001 Stock Option Plan as amended on May 17, 2006. The stock options have an exercise price per share of $16.37, which was the closing price of our common stock on the NASDAQ Capital Market on the date of grant. The following named executive officers' stock options will vest in four equal annual installments beginning on March 1, 2008 and expire on March 1, 2015. The grants are evidenced by Stock Option Agreements in substantially the form attached as Exhibit 10.1 to this report.
  Douglas N. Biddle	-  25,700, Robert T. Herr -  10,400, Dennis C. Irvine -  10,400, Andrew J. Ryback	-  10,400, Monetta R. Dembosz      -  10,400
  2007 Named Executive Officer Salaries
  Pursuant to a recommendation by the Compensation Committee, the Board of Directors approved the following increased annual base salaries for the following named executive officers to be effective March 1, 2007.
  Andrew J. Ryback
  EVP and CFO of Plumas Bancorp and Plumas Bank	- $145,000
  Monetta R. Dembosz
  EVP and Manager – Bank Operations Group of Plumas Bank - $130,000
  Item 9.01 Financial Statements and Exhibits.
  Form of Stock Option Agreement
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  Plumas Bancorp
  March 5, 2007
  By:
  Andrew J. Ryback
  Name: Andrew J. Ryback
  Title: Executive Vice President/Chief Financial Officer
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  10.1
  Form of Stock Option Agreement