Valencia National Bank Profit Up 20% in Quarter
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Valencia National Bank posted a 20% rise in its second-quarter profit and a 6% rise in profit for the six months that ended June 30.
The Valencia-based bank had net income of $121,249 in the second quarter, up from $101,399 a year ago.
For the six months, the bank posted net income of $232,377, compared to a $218,553 profit in the same period a year earlier.
Total assets as of June 30 increased to $89.1 million, up 10% from a year ago.
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