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Sunday, Aug 7, 2022
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Net at California Oaks Soars

California Oaks State Bank said today that it earned $184,818 or $0.10 per diluted share for the quarter ended Mar. 31, more than two-and-a half times its earnings for the comparable period a year ago. Bank officials attributed the improvement, which compares to earnings of $52,000 in the prior year period, to its business development programs and increasing interest rates. Assets at the Thousand Oaks-based bank grew 14 percent to $106.0 million, up from $93 million in the comparable period a year ago.

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