Los Robles Bank Reports a 16% Rise in Earnings
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Los Robles Bank, a one-branch bank in Thousand Oaks, reported a 16% jump in earnings for the first quarter that ended March 31.
The bank reported a profit of $136,000 for the first quarter, compared to earnings of $117,000 in the same three-month period a year earlier. The bank’s assets totaled $71.1 million as of March 31, up 9% from $65.1 million a year earlier.
Robert Hamilton, chief executive of Los Robles, said the bank, which markets itself as a small, customer-friendly institution, has benefited “from the recent flurry of bank mergers, increased loan demand, and an improving local economy.”
Hamilton said the bank plans to open a branch at the North Ranch Mall in Westlake Village next month, and that the bank has also applied for regulatory approval to open a branch in Camarillo.
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