Marine National Bank in Santa Ana posted...
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Marine National Bank in Santa Ana posted net income of $109,815 for the second quarter, up from $8,000 in last year’s second quarter. Revenue rose 7% to $1.5 million this year from $1.4 million last year. For the six months, the bank’s net income was $172.6 million, nearly triple the $60.3 million earned in the same period last year. Revenue rose 7% to $2.9 million for the period from $2.7 million last year.
For the record:
12:00 a.m. Aug. 12, 1988 FOR THE RECORD
Los Angeles Times Friday August 12, 1988 Orange County Edition Business Part 4 Page 6 Column 3 Financial Desk 2 inches; 37 words Type of Material: Correction
Because of a reporter’s error, Marine National Bank’s net income for the first six months was incorrectly reported in Thursday’s edition. The bank reported net income of $172,618 for the first six months, compared with $60,303 earned in the same period last year.
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