Bank of San Bernardino reports record six month earnings.SAN BERNARDINO San Bernardino, city, United States San 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. , Calif.--(BUSINESS WIRE)--Aug. 4, 1995--President Patrick Norvall announces that, despite a struggling Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, 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 Corona, city, United States Corona (kərō`nə), city (1990 pop. 76,095), Riverside co., S Calif.; inc. 1896. The city developed as a primary citrus fruit producer and shipping center. There is also light manufacturing. 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 In·land Empire A region of the northwest United States between the Cascade Range and the Rocky Mountains, comprising eastern Washington, eastern Oregon, northern Idaho, and western Montana. Farming, lumbering, and mining are important to the area. . 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 FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). CONTACT: Bank of San Bernardino Cynthia Schneider, 909/888-2265 |
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