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Ventura Bank Reports Profit Soars in Quarter

First National Bank of Ventura said its third-quarter profit grew 76% to $55,273 from $31,410 last year.

The one-office bank said that for the first nine months of 1991, it earned $121,018, more than the $111,303 it earned for all of 1990.

First National Bank President Mel Sheeler also said the bank is extending by one month, to Nov. 29, the deadline on its secondary offering of $1 million in stock and warrants.

First National, founded in 1988, had assets of $33.6 million as of Sept. 30 compared to $29.66 million as of Dec. 31, 1990.

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