Santa Clarita Bank Income for 1st Quarter Up 44%

Valencia-based Santa Clarita National Bank said its net income for the first quarter ended March 31 was $586,000, up 44% from the corresponding period last year. The bank specializes in loans to small and medium-sized businesses. Assets as of March 31 were $193.9 million, down less than 1% from the 1986 year-end figure.