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VALLEY EARNINGS

Western Security Bank Posts Quarterly Earnings

March 10, 1987

Western Security Bank said it posted fourth quarter earnings of $43,000, or 10 cents a share, compared to a loss of $26,000, or 6 cents, in the fourth quarter of 1985.

Based in Toluca Lake, 3-year-old Western Security had total assets at the end of 1986 of $25.3 million, up 75% from the prior year. For 1986 the bank's net income rose 279%, to $193,294.

For the Record
Los Angeles Times Tuesday March 17, 1987 Valley Edition Business Part 4 Page 5C Column 2 Zones Desk 1 inches; 20 words Type of Material: Correction
An article on March 10 incorrectly reported the assets of Western Security Bank, based in Toluca Lake. The figure as of Dec. 31 was $44.4 million.

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