Bank of San Bernardino reports record six month earnings.SAN BERNARDINO San Bernardino, city, United StatesSan Bernardino (săn bûr'nədē`nō), city (1990 pop. 164,164), seat of San Bernardino co., S Calif., at the foot of the San Bernardino Mts.; inc. 1854. It is the center of a thriving metropolitan area that includes the cities of Ontario and Riverside., Calif.--(BUSINESS WIRE)--Aug. 4, 1995--President Patrick Norvall announces that, despite a struggling Southern California economy, the Bank of San Bernardino has reported record earnings of $682,803 or $.60 a share for the first six months of 1995.This represents a 138% increase over the same period last year. Total assets increased from $79.3 million at year end 1994, to more than $97.2 million as of June 30, 1995. An increase of 23% John L. Werner, chairman of the board, attributes the bank's success to strategic expansion, through a branch acquisition, into the Corona market, strong support by the bank's San Bernardino and Corona advisory boards, conservative management, strong community business services and committed employees. The Bank of San Bernardino maintains three full service branches located in San Bernardino and Corona. The bank has been listed as a "Premier Performing" bank, by the prestigious Findley Group, for eight of its eleven years of operation and maintains one of the highest capital ratios among independent banks in the Inland Empire. For additional information regarding the bank, call Cynthia Schneider, vice president, director of marketing at 909/888-2265. For information regarding the bank's stock, call local broker Gorian Thornes at 909/888-7551. Member FDIC CONTACT: Bank of San Bernardino Cynthia Schneider, 909/888-2265 |
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