West Coast Bancorp Posts $64,000 Loss
West Coast Bancorp, a Newport Beach bank holding company, trimmed its second-quarter loss to $64,000, or 1 cent a share, from $2 million, or 22 cents a share, a year ago. The company lost $324,000, or 4 cents a share, in the first half, compared with a loss of $3.4 million, or 37 cents a share, in the same period in 1994. Assets as of June 30 declined 22%, to $118.9 million from $152 million. West Coast sold its 94%-owned subsidiary, Sacramento First National Bank, in January.
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