First National of Ventura’s Assets Leap 41% in Quarter

First National Bank of Ventura reported total assets of $48 million for the first quarter of this year, an increase of 41% over the same period in 1995.

Shareholders equity also increased to $2.9 million, a jump of 21% over 1995, said Robert P. Zingg, president and CEO of the bank.

These increases continue the growth trend begun in 1995, when the bank first posted record earnings, Zingg said.

“Earnings through the first quarter of 1996 totaled $108,710, as the bank is on its way toward another record year,” he said.

Book value of the bank’s common stock has increased by more than $2 a share in the last two years.