Ventura Bancorp Reports 4% Gain in 1st Quarter

Ventura County National Bancorp, the Oxnard parent of Ventura County National Bank and Frontier Bank, reported that its net income for the first quarter that ended March 31 increased 4% to $731,000 from $701,000 a year earlier.

Bolstered by its October acquisition of Orange County-based Frontier Bank, Ventura Bancorp’s assets soared 42% to $341 million as of March 31 from $240 million a year earlier.