April 29, 1997
Valencia National Bank posted a 15% rise in its first quarter earnings. The bank had net income of $127,251 for the quarter that ended March 31, compared to net income of $111,128 a year earlier. Total assets as of March 31 were $103.8 million, up 18% from $88.3 million a year ago. The bank also said that its allowance for loan losses rose to $898,000 as of March 31, up from $698,000 a year earlier. The bank noted that in this same period its total loan volume rose 50% to $50.
January 3, 1987 |
A federal regulatory agency has settled one of the largest claims against the failed Valencia Bank in Santa Ana by returning most of a $5.2-million deposit the bank had withheld from a Peruvian company in an aborted sale of the bank 21 months ago. The Federal Deposit Insurance Corp. kept $850,000 out of the deposit and returned the rest of the money, plus interest, to BCP International Holding Corp., formerly known as Credito del Peru Holding Corp.
September 26, 1986 |
Beneficiaries of 62 pension plans administered by the trust department at the failed Valencia Bank in Santa Ana will get all of their money back, plus 11% interest, under a settlement approved Thursday by an Orange County Superior Court judge. The settlement had been worked out between a lawyer for the pension plans and the Federal Deposit Insurance Corp., which is acting as a receiver for the bank and is liquidating its assets.
June 15, 1985 |
Valencia Bank has agreed to pay nearly $8 million to a group of trust department clients who claim that former bank officials misappropriated their pension funds, The Times learned Friday. In the settlement agreement with 37 clients, most of them doctors, Valencia will pay $3 million into a special trust and will have the trust liquidate bank trust department assets worth at least $4.6 million more over an undetermined period. The clients will receive the first $3 million immediately.
August 9, 1994
Valencia National Bank, based in the Santa Clarita Valley, reported net earnings of $75,647 for the second quarter that ended June 30, down 45% from earnings of $136,796 reported for the same three-month period of 1993. For its six-month period, Valencia reported net earnings of $127,413 compared with a loss of $141,009 posted a year earlier. The three-branch bank reported total assets of $77.7 million June 30, up 9% from $70.9 million a year earlier.
October 17, 1989
Valencia National Bank reported that its net income increased 301% for the third quarter that ended Sept. 30 to $125,044 from $31,207 a year earlier. The Valencia-based bank said its assets increased 38% to $45 million as of Sept. 30 from $32.5 million the year before.
January 23, 1990
Valencia National Bank said its net income for the fourth quarter ended Dec. 31 increased 35% to $113,070 from $83,932 a year earlier. The Valencia-based bank's total assets as of Dec. 31 were $50.9 million, up 47% from $34.6 million a year before. Net income for the bank, which is 2 years old, increased more than thirty-fold for the full year 1989, to $500,965 compared with $15,725 in 1988.