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American Pacific State Bank

BUSINESS
October 25, 1994
American Pacific State Bank reported earnings of $576,000 in the September quarter, up 21% from $476,000 in the same three-month period a year earlier. For its nine-month period, the bank reported net income of $1.46 million, a 6% increase over a year earlier, when the bank posted earnings of $1.37 million. Frank J. Ures Jr., chief executive of the Sherman Oaks-based bank, attributed the results to "improved net interest margins, substantial deposit growth and a tight rein over expenses."
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BUSINESS
March 2, 1993 | PATRICE APODACA, TIMES STAFF WRITER
In pondering 1992, the area's banking and thrift industries can take heart in one fact: It's over. In what proved to be a dismal year for most local banks, and savings and loans, six of the eight largest financial institutions in the San Fernando Valley and Ventura County posted losses or lower profits in 1992.
BUSINESS
July 29, 1986 | STUART SILVERSTEIN, Times Staff Writer
For most of the leading banks and savings and loans based in the San Fernando Valley area, the second quarter presented a win-win situation: they either reported big profit increases right away or instead stashed away extra money to help out down the road. And, in a couple of cases, they did both. North Hollywood-based APSB Bancorp, parent of American Pacific State Bank, led the way in earnings growth from the same period last year. Its net income was up 193.
BUSINESS
January 28, 1992 | PHILIPP GOLLNER, TIMES STAFF WRITER
As banks go these days, American Pacific State Bank in Sherman Oaks is downright dull. It's not bogged down by speculative real estate loans. Its assets have grown less than 10% annually for the past six years. A typical loan might be $250,000 to a small aircraft parts manufacturer hoping to build a new warehouse or to a car-detailing business in need of better equipment. But that's just the way Frank J. Ures Jr., American Pacific's founder, president and chief executive, likes it.
BUSINESS
April 30, 1996 | JILL LEOVY, SPECIAL TO THE TIMES
Most San Fernando Valley area banks reported solid profits and strengthening balance sheets in the most recent quarter thanks mostly to banking services other than real estate. Battered by the real estate slump of the last several years, local banks are switching from property loans to commercial loans and expanding new retail banking services for checking and savings customers.
BUSINESS
December 3, 1991 | PHILIPP GOLLNER, TIMES STAFF WRITER
Major banks and savings and loans in the San Fernando Valley and Ventura County areas turned in a dismal performance for the third quarter, with all but one posting losses or lower earnings as problem loans and real-estate woes continued to take their toll. Three of the region's nine largest financial institutions lost money during the quarter, contrasted with profits a year earlier, and five had lower earnings than in the third quarter last year.
BUSINESS
July 30, 1996
American Pacific State Bank in Sherman Oaks reported a 20% increase in its second-quarter earnings. In the three months that ended June 30, the bank had net income of $525,000, up from $436,000 a year earlier. For the six-month period, American Pacific had a profit of $1.18 million, a 16% gain from $1.01 million in net income in the first half of 1995. The bank attributed the gains to an improved economy and real estate market.
CALIFORNIA | LOCAL
July 27, 1999
American Pacific State Bank, Sherman Oaks, announced earnings of $771,000 for the second quarter ended June 30, up 19% from the $650,000 reported for the same quarter last year. The bank said assets were $442 million as of June 30.
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