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La Jolla Bancorp, the holding company of...

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La Jolla Bancorp, the holding company of La Jolla Bank and Trust, reported that net profit rose by 14% to $475,000 for the first quarter ended March 31. Assets rose 3% to $316 million, deposits rose by 3.5% to $289 million and net loans increased by 1% to $197 million.

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