CU Bancorp Posts Gain in 2nd-Quarter Earnings

CU Bancorp posted a 13% rise in its second-quarter net income.

The Encino-based bank had net income of $791,000 for the second quarter, compared with a $699,000 profit a year earlier.

For the first six months, the bank’s net income fell 4% to $1.36 million, down from $1.41 million a year ago.

CU Bancorp also said it expects in August to complete its acquisition of Signal Hill-based Home Interstate Bancorp, a 15-branch bank.