Western Security Bancorp Profit Rises in 4th Quarter
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Western Security Bancorp, the Burbank-based parent of Western Security Bank, said its fourth-quarter profit climbed 13% from a year earlier, to $397,300 from $352,500.
For the full year that ended Dec. 31, Western Security’s net income edged up 2%, to $1.34 million from $1.32 million the previous year. The bank’s total assets as of Dec. 31 were $90.3 million, up 17% from $77 million a year earlier.
During 1990, the bank opened regional offices in Pasadena and Valencia.
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