San Diego Financial Corp., parent of San...

San Diego Financial Corp., parent of San Diego Trust & Savings Bank, San Diego’s largest locally headquartered bank, reported a 1988 profit of $11.8 million, up 10.8% from the $10.6 million profit in 1987.

The bank’s net loans increased to $671.8 million from the $621 million total the year previous. Deposits increased to $1.26 billion from $1.198 billion and assets grew slightly, to $1.39 billion from $1.34 billion the year before.