Huntington National Bank Net Income Rises Sharply
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Huntington National Bank said 1985 net income was a record $456,000, up from $96,000 reported for the prior year.
Assets at year-end were $55.3 million, up 28% from $43.3 million in 1984, and deposits totaled $51 million, a 29% increase from $39.7 million.
The Huntington Beach bank attributed the gains to tight controls on expenses, expansion of its loan portfolio and reduced loan losses.
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