Levy Bancorp’s Income Up 12% for 4th Quarter

Levy Bancorp, the Ventura parent of Bank of A. Levy, said its net income for the fourth quarter ended Dec. 31 climbed 12% to $1.9 million from $1.7 million a year earlier. The bank’s assets as of Dec. 31 were $649 million, a 7% increase from $609 million a year before.

For the full year 1990, Levy Bancorp’s profit climbed 21% to $7.4 million from $6.1 million in 1989.