Charter Pacific Bank Nets $1.4 Million for 1995

Charter Pacific Bank, based in Agoura Hills, posted a $1.4-million profit for the year ending Dec. 31, after losing $1.6 million in 1994.

“After significantly reducing problem assets . . . our loan portfolio has been the main contributor to the bank’s 1995 turnaround,” Chief Executive Michael Ward said.

Charter Pacific has assets of $80 million.