Levy Bancorp’s Profit Jumps 30% in 3rd Quarter
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Levy Bancorp, the Oxnard-based holding company of Bank of A. Levy, said its third-quarter profit jumped 30% from a year earlier, to $2.04 million from $1.57 million.
Levy attributed the gain to “making good, solid loans” and to cost controls. In the nine months ended Sept. 30, Levy’s net income was up 31%, to $5.81 million from $4.44 million.
The company’s total assets as of Sept. 30 were $621.3 million, up 7% from $582.2 million a year earlier.
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