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Article: Harbor National Bank Announces Strong Asset Growth, Net Earnings for First Nine Months of 2001.
- Article from:
- Business Wire
- Article date:
- November 15, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
DANA POINT, Calif.--(BUSINESS WIRE)--Nov. 15, 2001
Harbor National Bank (OTCBB:HNTB), Orange County's second-oldest business bank with offices in Dana Point and Newport Beach, today announced net earnings for the first nine months of 2001 of $200,000, compared with a loss of $63,000 for the first nine months of 2000.
Net income for the third quarter of 2001 was $146,000, up from a loss of $119,000 in the prior year.
Loan production has risen sharply in the first nine months of the year. Harbor posted total net loans of $51 million as of Sept. 30, 2001, an increase of 98 percent from net loans of $25.8 million a year ...