Net Income Rises 42% in 1985 for National Bank
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California Commercial Bankshares Inc. said its National Bank of Southern California unit reported record 1985 net income of $883,201, a 42% gain from the $619,830 net income posted a year earlier.
William Jacoby, chairman and chief executive of the Santa Ana-based company, attributed the gains to higher loan and deposit volumes and the bank’s “commitment to providing a variety of financial services, including escrow and mortgage banking, to complement traditional banking services.”
Total assets rose from $70.4 million to $96.9 million in 1985, while total deposits rose from $61.2 million in 1984 to $86.2 million, Jacoby said.
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