Article: Saint Paul Pioneer Press, Minn., Business Briefs Column.(Originated from Saint Paul Pioneer Press, Minn.)

Nov. 9--The St. Paul Bank for Cooperatives reported net income of $10.6 million on gross loan volume of $3.18 billion, for the third quarter ended Sept. 30. The bank said net income was 36 percent above the $7.8 million on gross loan of $2.4 billion for the same quarter a year ago. Dennis Johnson, president and chief executive, said loan volume grew through increased demand from new and existing borrowers and above-normal seasonal inventory financing needs by the cooperative grain industry. Year-to-date net income was $29.8 million, up $7.8 million or 35 percent compared with the same period in 1994.

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