Bank of Ventura Records 20% Increase in Assets

The Bank of Ventura has again achieved record earnings and growth during the second quarter, according to president and CEO Joseph D. Kreutz.

The bank, at 5808 Telephone Road, recorded a 20% increase in assets during the second quarter compared to last year, rising from $46.8 million to $56.2 million. The bank also reported a 28% increase in shareholder equity, rising to $4.5 million from $3.5 million one year ago.