Business News • MarketWire • ProAmerica Bank Reports 2015 Fourth Quarter and Year Results |
ProAmerica Bank Reports 2015 Fourth Quarter and Year Results |
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ProAmerica Bank Reports 2015 Fourth Quarter and Year Results
LOS ANGELES, CA--(Marketwired - Feb 12, 2016) - ProAmérica Bank (OTCQB: PMRA) today reported Net Income for the fourth quarter of 2015 of $85,000, or $0.03 per diluted common share. Net Income was $551,000, or $0.17 per diluted common share for the year ended December 31, 2015. Total assets increased 11% to $183.6 million as of December 31, 2015, as compared to the prior year. "We are pleased that the Bank had strong growth in our deposits and loans during the period," stated Sal Varela, Interim President and CEO, "We continue to increase our customer accounts and grow our relationships in the business community."
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