Valencia National Bank’s Income Up for Quarter
Valencia National Bank said its net income for the fourth quarter ended Dec. 31 increased 35% to $113,070 from $83,932 a year earlier. The Valencia-based bank’s total assets as of Dec. 31 were $50.9 million, up 47% from $34.6 million a year before.
Net income for the bank, which is 2 years old, increased more than thirty-fold for the full year 1989, to $500,965 compared with $15,725 in 1988.
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