| Business Summary | | Valencia
Bank
&
Trust
is
a
California
state-chartered
commercial
bank
headquartered
in
Santa
Clarita,
California.
The
Company
operates
five
full-service
branch
offices
in
the
Santa
Clarita
and
Antelope
Valleys
of
Southern
California.
Valencia
Bank
offers
a
full
range
of
loan
products
for
both
commercial
and
consumer
loans,
including
commercial
business
loans
and
lines
of
credit,
commercial
real
estate
loans,
construction
loans,
equipment
loans
and
accounts
receivable
loans.
Related
services
include
credit
cards,
cashier's
checks,
traveler's
checks,
bank-by-mail,
automated
teller
machines,
night
depository,
safe
deposit
boxes,
direct
deposit,
automated
payroll
services
and
other
customary
banking
services.
Effective
November
27,
2000,
Valencia
Bank
withdrew
from
membership
in
the
Federal
Reserve
System. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Valencia
Bank
and
Trust
is
a
state
bank
which
is
involved
in
the
general
commercial
banking
business.
For
the
three
months
ended
3/31/01,
total
interest
income
rose
10%
to
$3.8
million.
Net
interest
income
fell
less
than
1%
to
$2.2
million.
Earnings
rose
15%
to
$602
thousand.
Net
interest
income
reflects
increased
interest
earning
assets,
offset
by
increased
interest
bearing
liabilities.
Earnings
reflect
a
decrease
in
salaries
and
benefits
expenses. | More
from
Market Guide: Significant
Developments |
| | | Louis
A. Garasi,
Chmn. John
M. Reardon,
Pres./CEO Jeffrey
Pollard,
Exec. VP/CFO/Asst. Secy. James
D. Hicken,
Exec. VP. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|