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Valley and Ventura County | REGIONAL ROUNDUP

American Pacific Bank Approves Dividends

December 16, 1997

American Pacific State Bank has approved a 5% stock dividend and a cash dividend of 10 cents per share to holders of record as of Dec. 10.

Chief Executive Frank Ures Jr. said, "The bank's strong performance throughout 1997 . . . combined with the issuance of dividends are both working to increase the price and appeal of our bank's stock."

American Pacific State Bank, based in Sherman Oaks, is a major funder of Small Business Administration loans, with assets of $350 million.

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