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Business Digest.

Byline: The Register-Guard

CITY/REGION

Holding company sees profits go up

Helped by strong demand for loans, the holding company of Siuslaw Valley Bank on Tuesday said fourth-quarter profits rose 34 percent.

Eugene-based Siuslaw Financial Group said it earned $888,900 in the quarter ended Dec. 31, up from $664,400 in the same period a year ago.

For the year, Siuslaw had profits of $3.2 million, or 74 cents a share, up from $2.8 million, or 65 cents a share, in 2001.

Total assets rose 6 percent in 2002, to $216.7 million.

Siuslaw Financial Group said it had healthy loan demand in the fourth quarter. Loans increased to $115.9 million, from $92.6 million in 2001.
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Title Annotation:Business
Publication:The Register-Guard (Eugene, OR)
Date:Jan 15, 2003
Words:121
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