Premier Bank’s 1st Quarter a Turnaround From ’87
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Premier Bank posted a $48,080 profit for its first quarter that ended March 31, against a loss of $64,844 a year earlier.
Robert N. Giacobbe, president and chief executive of the Northridge bank, attributed the improvement to cost-cutting efforts, aggressive marketing and increased loan activity.
Premier, with assets of $59 million, has offices in Northridge, Woodland Hills and Thousand Oaks.
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