Valencia Bank Reports $75,647 Earnings in Quarter
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Valencia National Bank, based in the Santa Clarita Valley, reported net earnings of $75,647 for the second quarter that ended June 30, down 45% from earnings of $136,796 reported for the same three-month period of 1993.
For its six-month period, Valencia reported net earnings of $127,413 compared with a loss of $141,009 posted a year earlier.
The three-branch bank reported total assets of $77.7 million June 30, up 9% from $70.9 million a year earlier.
