Pacific National Bank Reports Profitable Year
- Share via
Pacific National Bank, a two-branch bank with headquarters in Newport Beach, has reported earnings of $550,000 for 1986, its fifth consecutive year of profitable operation.
Year-end assets for the 5-year-old bank totaled $64.4 million, 14% higher than the $56.6 million at the end of 1985. Total deposits during the year grew 13% to $59.1 million from $52.3 million. Outstanding loans at year’s end were $42.8 million, 26% higher than the $33.9 million the year before.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
