Pioneer Bancorp: The Fullerton holding company said...

Pioneer Bancorp: The Fullerton holding company said that its net income fell 49% in the second quarter to $311,000. Revenue dropped 16% to $4.7 million, from $5.6 million. The company blamed the decline on lower interest rates and fewer loans because of the recession. Assets grew 5% to $215.1 million, compared to $205.1 million by the end of June last year.