Bank of Encino Declares 5-for-4 Split in Stock
Bank of Encino’s board of directors declared a five-for-four stock split to be issued on Oct. 1 to shareholders of record by Sept. 1. The bank previously reported more than doubling its net income for the second quarter that ended June 30, to $354,686 from $115,881 for the same period a year earlier. The bank’s total assets rose 29% to $50.5 million on June 30 from $39.1 million a year before.
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