Independent Banks Report Record Profits for 1995
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Two of Ventura County’s independent banks have reported record profits for 1995.
Simi Valley Bank said its net income for the year was $1.3 million, compared with $503,602 the previous year.
“Although the economic situation is somewhat unsettled, we are looking forward to another profitable year in 1996,” said Tony Palmer, president and chief executive.
In Thousand Oaks, Los Robles Bank said it netted $594,000, or 49 cents a share, last year, compared with $452,000, or 44 cents a share, in 1994.
Robert B. Hamilton, president and chief executive of the bank’s parent, Los Robles Bancorp, said records were set for shareholder equity, loans and deposits.
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