American West Posts $535,633 Profit for ’95
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American West Bank posted a $535,633 profit for 1995, compared with a loss of $31,245 for 1994.
In the fourth quarter, the Encino-based bank posted a $252,326 profit, up 12-fold from its $20,381 profit in the same period a year earlier.
The quarterly profit includes a $90,000 adjustment to income taxes due to profits from some deferred tax assets.
Total assets at year-end were $57.4 million, down 7% from $61.9 million in December 1994.
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