American Commercial Bank’s Profit Rises 14%
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American Commercial Bank in Ventura said its profit in 1991 totaled $1.22 million, up 14% from the previous year.
The bank, which has three offices in Ventura, said the higher earnings came on a 7% increase in its total assets, to $100.2 million as of Dec. 31. It was the first time in the bank’s 18-year history that its assets surpassed $100 million.
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