Advertisement

Sunwest Bank: The Tustin-based bank reported net...

Share

Sunwest Bank: The Tustin-based bank reported net income of $433,000 for the third quarter, down 38% from the $704,000 posted for the same time last year. Revenue rose slightly, to $8.3 million from $8.2 million. Net income for the first nine months of 1990 declined 11% from the year-earlier period, to $1.6 million from $1.8 million. Revenue was up 10%, to $25.1 million from $22.9 million. Total assets at the end of September were $292.3 million, a 6% increase from the $276.2 million recorded for the like 1989 period.

Advertisement