First Fed Financial Corp.: The parent of...
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From Times Staff and Wire Reports
First Fed Financial Corp.: The parent of First Federal Bank of California reported second-quarter net income of $7.1 million, up 73% over the same period last year. The Santa Monica-based firm said net interest income, the major component of core earnings, was favorably affected by a more stable rate environment during 1990 and a growth in interest-earning assets.
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