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American Pacific Bank’s 2nd-Quarter Profit Up 12%

American Pacific State Bank reported a 12% increase in its second-quarter earnings.

The Sherman Oaks-based bank had a net income of $590,000 in the quarter that ended June 30, compared with a net income of $525,000 a year earlier.

For the six months, the bank reported a profit of $1.3 million, up 8% from $1.2 million last year.

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