Valencia Bank & Trust posted a 61% increase in earnings for 1998, and a 16% gain in revenues for the year, the company reported.
Annual earnings rose to $1.206 million, or $1.07 per share, and revenue increased to $10.578 million.
Net income for the fourth quarter rose 48% to $366,189 or 32 cents per share, while fourth-quarter revenues rose by 16% to $2.858 million.
