Torrey Pines Group: The Solana Beach-based parent...
From Times Staff and Wire Reports
Torrey Pines Group: The Solana Beach-based parent of Torrey Pines Bank said its fourth-quarter profit was $2.4 million, up 116% from the $1.1 million profit recorded for the same quarter last year. For the recently ended fiscal year, Torrey Pines’ profit was $6.3 million, up 114% from $2.95 million in 1988. Assets as of Dec. 31 totaled $463.6 million, up 16.1% from the previous year’s total. Loans were $290.3 million, up 12%, and deposits were $425.6 million, up 16% from the previous year.
