Earnings Up 44% for Sherman Oaks Bank
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American Pacific State Bank reported a 44% increase in its third-quarter earnings.
The Sherman Oaks-based bank had a net income of $1 million in the quarter that ended Sept. 30, compared with a net income of $695,000 a year earlier.
For the nine months ending June 30, the bank reported a net income of $2.3 million, up 21% from $1.9 million in 1996.
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