Valencia National Bank Earnings Increase 22%

Valencia National Bank said its earnings rose 22% for the second quarter that ended June 30, to $126,530 from $103,409 for the same period a year ago.

The bank said that, for the year to date, profits increased 47%, to $238,837 from $162,809 during the first half of 1990.

Assets increased 18%, to $60.8 million from $51.7 million posted a year earlier, the bank said, and customer deposits grew to $54.4 million, an 18% increase over the second quarter of last year.