Bank of Encino’s Profit Rises 95% in 4th Quarter
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Bank of Encino said its fourth-quarter net income increased 95% to $277,613 from $142,597 a year before. The single-branch Encino-based bank said its total assets as of Dec. 31 increased 13% to $52.5 million from $46.5 million a year earlier.
The bank’s net income for 1989 increased 78% to $609,516 from $342,710 in 1988.
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