Metrobank net income in 1989 was the highest in its history.Metrobank net income in 1989 was the highest in its history WESTWOOD Westwood. 1 Residential town (1990 pop. 12,557), Norfolk co., E Mass., in the greater Boston area; settled 1640, inc. 1897. It has several early 18th-century buildings. 2 Residential borough (1990 pop. 10,446), Bergen co., NE N.J. -- Metrobank reported record high net income for 1989 of $5.5 million, or $1.33 per share, compared with $4.8 million, or $1.16 per share, for 1988. Return on average equity for 1989 was 13 percent, compared with 12.8 percent in 1988. David Buell, chairman of the board and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the bank, noted it was the sixth straight year of increased profitability at the bank. Total assets increased to $898.3 million from $830.9 the year before. Total deposits stood at $800 million in year end, compared with $757 million at the end of 1988. Total loans at year end were $308.4 million, an increase of $97 million since the beginning of the year. Founded in 1979, Metrobank operates regional offices in Newport Beach Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. and Torrance. The bank specializes in banking services for small-to medium-sized companies and professional organizations. |
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