Lincoln Bancorp Reports 18% Gain in 3rd Quarter

Lincoln Bancorp, the Encino-based holding company for Lincoln National Bank, announced that its net income increased 18% for the third quarter that ended Sept. 30, to $1.5 million from $1.3 million for the same period in 1988. The bank’s assets increased 11% to $436 million as of Sept. 30 from $393 million a year earlier.