Valencia National Bank’s Net Income Jumps 59%
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Valencia National Bank said its net income for the fourth quarter that ended Dec. 31, 1990, jumped 59% to $179,440, from $113,070 a year earlier. For the full year 1990, Valencia’s net income grew 2% to $511,982, from $500,965 in 1989.
The bank’s total assets as of Dec. 31, 1990, were $58.7 million, 15% more than a year earlier, when Valencia had $50.9 million in assets.
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