Valencia National Bank Records Rise in Profits
Valencia National Bank posted a profit in its fourth quarter, compared to a loss a year earlier, while its net income for all of 1995 jumped ninefold.
The three-branch bank, based in Valencia, posted a fourth-quarter profit of $128,807, compared to a loss of $184,526 in the same period a year earlier.
For the full year, Valencia National’s net income jumped to $412,687, compared to a $46,379 profit in 1994.
Assets at the end of the year climbed 3% to $84.8 million, up from $82.3 million in December 1994.
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