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VALLEY BUSINESS | VALLEY EARNINGS

Pacific Coast Bank Reports Steady Profit

November 10, 1998

Sherman Oaks-based American Pacific State Bank posted a third-quarter profit of $1 million, or 19 cents per share, in line with last year's earnings for the period, the company reported.

For the first nine months of the year, the Valley's largest independent bank reported a profit of $2.53 million, up 10% from the $2.29 million posted for the year-ago period.

Loan growth increased by 23% for the bank, which has $375 million in assets.

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