Pacific Inland Bancorp Reports $102,885 Loss
The expense of its thwarted acquisition of a Seal Beach bank helped cause Pacific Inland Bancorp’s $102,885 loss for the third quarter ended Sept. 30, more than twice the $50,902 loss reported for the same quarter last year.
However, the Anaheim holding company for Pacific Inland Bank posted profits of $4,070 for the first nine months, compared with a $155,647 loss for the six months after it opened its doors on March 23, 1984.
The corporation’s assets as of Sept. 30 were $57.4 million compared with $30.5 million at the same time last year.
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