Growth, higher profits reported

Community Bank of Nevada reported a second-quarter profit of $1.5 million or $1.67 per share vs. $1.2 million or $1.28 per share in the same quarter of 1999. Loans and other assets increased 34 percent to $222 million.

Nevada First Bank said it earned $592,000 in the 2000 quarter, up from $219,000 in the year-ago quarter as assets increased 72.4 percent to $116.6 million.

Sun West Bank reported a second quarter profit of $235,000 and said assets grew 72 percent to $100 million.

archive