Levy Bancorp’s Quarterly Net Income Rises 31%

Levy Bancorp, the Ventura-based parent of Bank of A. Levy, said its net income for the first quarter ended March 31 jumped 31% to $1.84 million from $1.41 million for the same period a year earlier. The bank said its assets rose 9% as of March 31 to $617 million, compared to $567 million a year before.