Bank of Napa (OTC:BNNP) has announced the release of its first quarter earnings for fiscal 2009. The financial results show a net operating profit of $33,000 for the quarter. BNNP President and Chief Executive Officer Tom LeMasters is pleased with the company’s performances, stating that it has reached a milestone in a difficult economy.
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The company reported its total deposits as of December 31, 2009 at $67.5 million, up from $23.8 million reported during the previous year. Loan totals were $63.4 million compared to $16.7 million reported during 2008. The company’s total assets as of December 31, 2009 were $84.3 million, 38.2% more than the previous year.
For more information, contact MT LeMasters Bank of Napa President and CEO at 707.257.7777.
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