Pioneer Bancorp

The holding company for Pioneer Bank on Friday reported a loss of $9.1 million for 1993, compared to a $1.9-million loss in 1992.

Pioneer Bancorp said most of last year’s loss was attributable to bad loans and to real estate it wound up owning after having to foreclose. The Fullerton-based bank said it had to set aside $10.9 million during the year to cover those losses.

The bank said it improved its operating profitability enough to seek new capital. Pioneer said it had hired an investment banker in December to help it find new investors.