Levy Bancorp Reports Profit Rise for Year

Levy Bancorp, the Ventura-based parent of Bank of A. Levy, said its net income for the fourth quarter that ended Dec. 31, 1989, increased 64% to $1.64 million from $1 million a year earlier. The bank’s assets increased 8% to $607 million on Dec. 31, 1989, from $563 million on Dec. 31, 1988.

Net income for all of 1989 increased 41% to $6.08 million from $4.32 million in 1988.