Security Pacific Corp.: The Los Angeles-based banking...
From Times Staff and Wire Reports
Security Pacific Corp.: The Los Angeles-based banking company said its first-quarter profit rose 5% to $188.4 million and would have been higher had it not been for a $30-million loss by the bank’s Arizona’s operations. Results for the company, which earned $179.3 million a year earlier, were boosted by strong results at its Security Pacific National Bank unit in California and by cost controls. Assets totaled $86.5 billion as of March 31, up 6% from a year ago.
