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SAN DIEGO EARNINGS

October 21, 1986

Torrey Pines Group, parent of Torrey Pines Bank, reported a 144.5% jump in net income, to $734,000, for the nine months ended Sept. 30. Assets rose 47% to $253.3 million, deposits increased 48% to $238.7 million and net loans increased 46% to $169.9 million. Also, the bank's former vice chairman, Nicholas Frazee, has been elected chairman, replacing Theodore Gildred, who was recently appointed U.S. ambassador to Argentina.

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