1986 Year

Valencia-based Santa Clarita National Bank said its net income for the first quarter ended March 31 was $586,000, up 44% from the corresponding period last year. The bank specializes in loans to small and medium-sized businesses. Assets as of March 31 were $193.9 million, down less than 1% from the 1986 year-end figure.

Thieves recently crept into Hamel Action Sports in Mission Beach during the early-morning hours. They ignored thousands of dollars of expensive merchandise and left with almost $5,000 of Life's a Beach clothing and surf accessories. "It almost looks like they were told to come in and take Life's a Beach clothes, stickers, jackets, everything," said store co-owner Ray Hamel. "Somebody must like the stuff."