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EARNINGS

July 23, 1988

Union Bank's earnings rose 2.6% to $11.5 million from a year ago, the Los Angeles-based bank reported. Return on assets for the first six months of 1988 was 0.59%, up from 0.54% for the same period of 1987, but was still well below the industry average. The bank is the fifth largest in California.

Tables, Page 5

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