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Discovery Valley Bank Sustains Strong Growth in Second Quarter.
Business Editors
SAN MARCOS, Calif.--(BUSINESS WIRE)--July 31, 2002
Discovery Valley Bank (OTCBB:DVLB) today reported continued growth of its assets, loans and deposits during the second quarter of 2002.
Total assets climbed during the second quarter to $28.1 million at June 30, a 31 percent increase from $21.4 three months earlier. Net loans rose 44 percent to $23.6 at June 30, from $16.4 on March 31. Total deposits increased by 46 percent to $21.6 at June 30, versus $14.8 at the end of the first quarter.
For the six-month period since Dec. 31, 2001, assets increased by 137 percent, from $11.8 million; net loans increased by 264 percent, from $6.5 million; and deposits surged by 340 percent, from $4.9 million.
Discovery Valley Bank, based in San Marcos, Calif., opened for business in September 2001 following…
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Source: HighBeam Research, Discovery Valley Bank Sustains Strong Growth in Second Quarter.
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