City Commerce Bank Posts Earnings Increase
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City Commerce Bank announced that its first-quarter earnings increased to $330,000 compared with $236,757 the prior year.
The bank has benefited from growth in its loan portfolio as well as quick customer acceptance of new product lines introduced late last year, said Eloy U. Ortega, chief financial officer of City Commerce.
City Commerce Bank is a full-service bank with branches in Santa Barbara, Goleta and Oxnard.
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