Bank of Los Angeles Earnings Surpass $3.7 Million.

Extract


Bank of Los Angeles Earnings Surpass $3.7 Million.

WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)--Jan. 27, 1998--Bank of Los Angeles President and Chief Executive Officer Jack Feldman Tuesday announced that net income for the year ending Dec. 31, 1997, was $3,731,000 or $1 per share (fully diluted).

This amount, which includes a credit-to-tax expense of $372,000 represents a 272 percent increase over the $1,001,000 or $0.40 per share (fully diluted), for the same period of 1996. Net income for the fourth...

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