October 6, 1998
Orange National Bancorp, the Orange-based parent company of Orange National Bank, said net income for the third quarter reached a record $888,849, or 45 cents a share, higher than the $851,553, or 43 cents a share, reported for last year's third quarter. Total assets increased 16% to $264.7 million from $229.1 million.
May 19, 1999 |
The parent of Citizens Business Bank--the largest bank headquartered in the Inland Empire--said Tuesday it plans to expand into south Orange County by purchasing Orange National Bancorp for about $75 million in stock. Under the deal--subject to shareholder and regulatory approval--Orange National's six branches would be converted to Citizens Business Bank branches, according to D. Linn Wiley, chief executive officer at Ontario-based CVB Financial Corp., the holding company for Citizens.
October 11, 1996
Orange National Bancorp, parent company of Orange National Bank, reported record net income for the third quarter. The company earned $611,000, or 31 cents a share, nearly 4% higher than the $589,000, or 31 cents a share, for the 1995 third quarter. Net income for the nine months fell 21% to $1.5 million, or 77 cents a share, from $1.9 million, or 97 cents a share. Total assets as of Sept. 30 increased 4% to $220.5 million from $211.2 million.
September 1, 2000 |
A Nevada investment group with a stake in BYL Bancorp said Thursday that it believes the Orange-based bank holding company should be sold. Everest Partners LP will attempt to place two directors on the BYL board to help expedite a sale, according to a report filed with the Securities and Exchange Commission.