Santa Clarita National Bank Reports 19% Rise in Profit
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Santa Clarita National Bank in Valencia reported a 19% increase in second-quarter profit to $658,000, or $1.28 a share, from $555,000, or $1.08 a share, a year earlier.
The bank’s earnings for the first six months of this year climbed 29% to $1.24 million, or $2.42 a share, from $963,000, or $1.87 a share, in the comparable 1986 period.
The bank said its assets as of June 30 totaled $201.2 million, up 9.3% from $184 million a year earlier.
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