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First Interstate Bancorp said its profit rose...

First Interstate Bancorp said its profit rose by 10.5% to $79 million for the first quarter ended March 31, compared to year-earlier earnings of $71.5 million. First Interstate, the nation’s eighth-largest bank holding concern, is the parent of Los Angeles-based First Interstate Bank. The company attributed the higher profit primarily to increased volume of installment, commercial and construction loans.


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