Valencia National Bank

Valencia National Bank reported that its net income for the second quarter, which ended June 30, was $139,339, up from a net loss of $12,893 for the same period a year ago. The Valencia-based bank reported that its deposits rose 71% from $20 million a year ago to $34.3 million, while its total assets increased 65% from $23.8 million to $39.4 million.

A masked gunman robbed a Valencia National Bank branch Monday, making off with an undisclosed amount of money, the FBI said. No one was injured in the 2:20 p.m. holdup at 18539 Soledad Canyon Road, just west of Sierra Highway. An FBI spokesman said agents are searching for the bandit, who was dressed in bluejeans and plaid shirt and wielded a large-caliber handgun.

Valencia National Bank in Valencia reported net income of $103,409 for the second quarter that ended June 30, a 26% decline from $139,339 a year earlier. Total assets increased 31% to $51.7 million from $39.4 million, while customer deposits rose 34% to $46.1 million. The bank said the lower earnings in the latest quarter reflected a $67,700 reserve set aside for income taxes, compared to a $23,000 reserve in the same period last year.

Hundreds of magazines and other publications will no longer be available in the Santa Clarita Valley's three libraries unless businesses and community groups sponsor them, according to organizers of a subscription drive. Friends of the Library of the Santa Clarita Valley is asking merchants and residents to adopt newspapers, magazines and other periodicals--paying to renew the subscriptions--so the publications will remain on library shelves.

A sheriff's bomb squad team Wednesday blew up a suspicious package mailed to Valencia National Bank. It turned out to be apparently only a wall-mounted air freshener. Why the package was sent to the bank, or by whom, was not known. Bank officials called the Santa Clarita station of the Los Angeles County Sheriff's Department at 4:15 p.m. after receiving the small, red plastic box inside a package commonly used for bank materials.

Independent congressional candidate Rick Pamplin on Thursday challenged his Republican opponent's self-description as a "small business owner" on the November ballot, but state officials said the deadline had passed for such complaints. Pamplin called on GOP nominee Howard P. (Buck) McKeon to "come clean with the voters and explain" that he co-owns 50 retail clothing stores and is board chairman of Valencia National Bank. "He is a banker and a corporate executive--period," Pamplin said. "Mr.

The Santa Clarita City Council has approved the purchase of 238 acres for the young municipality's first city hall. The council approved the purchase late Tuesday night after city officials announced that the property owner, Wes Lind, had accepted the city's $5.1-million offer for the property. Santa Clarita has 75 days to complete a feasibility study on the land southeast of the intersection of Soledad Canyon and Bouquet Canyon roads.

The city of Santa Clarita disclosed Tuesday that it will buy the Valencia National Bank building, where City Hall is located. In an unexpected announcement, the city said it will pay $11.5 million for the three-story building, which it purchased from Valencia Plaza, a limited partnership based in Woodland Hills, Councilwoman Jan Heidt said. The City Council did not discuss the acquisition publicly because state law allows such discussions to be held in closed session, Heidt said.