West Coast Bancorp’s Earnings Decline
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West Coast Bancorp, Tustin bank holding company for Sunwest Bank, said net income for the second quarter totaled $353,000, or 4 cents a share, down 26% from $475,000, or 5 cents a share, a year ago. The recent quarter included a tax provision of $498,000, compared to $71,000 for the 1999 second quarter. Total assets grew 12% to $191.6 million.
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