Valencia National Bank Earnings Increase 22%
Valencia National Bank said its earnings rose 22% for the second quarter that ended June 30, to $126,530 from $103,409 for the same period a year ago.
The bank said that, for the year to date, profits increased 47%, to $238,837 from $162,809 during the first half of 1990.
Assets increased 18%, to $60.8 million from $51.7 million posted a year earlier, the bank said, and customer deposits grew to $54.4 million, an 18% increase over the second quarter of last year.
More to Read
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.