American Pacific State Bank Posts Profit Increase

American Pacific State Bank, based in Sherman Oaks, posted a 47% increase in earnings in its fourth quarter, and a 22% earnings jump for all of 1995.

In the quarter that ended Dec. 31, American Pacific earned $659,000, compared to a $449,000 profit in the same period a year earlier. Profits last year rose to $2.3 million, up from $1.9 million in 1994.

The bank’s assets were $287 million at year-end, up 5% from $274 million in December 1994.

Frank J. Ures Jr., the bank’s chief executive, attributed part of the rise in profit to controlling expenses, plus the success of its newest branch office in Valencia.

American Pacific caters primarily to middle-sized businesses, and is a major generator of Small Business Administration loans.