Beverly Hills Business Bank: The Laguna Hills...

Beverly Hills Business Bank: The Laguna Hills subsidiary of Michigan National Corp. reported second-quarter net income of $3.5 million, down 22% from the year-earlier figure of $4.5 million. Net earnings for the first half declined 12%, to $5.9 million from $6.7 million. Total assets at the end of June were $1.3 billion, 13% lower than the $1.5 billion recorded for the like 1990 period.