Sunwest Bank reported a net income of...
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Sunwest Bank reported a net income of $586,000 for the second quarter, compared to earnings of $161,000 earned for the like period last year. Revenue rose 41% to $7.7 million from $5.5 million. For the first half, net income increased to $1.1 million from $464,000. Revenue totaled $14.7 million, 38% higher than the $10.6 million posted for the first half of 1988. Assets as of June 30 were $268.1 million, a 23% increase from the $217.7 million reported at the same time last year. Sunwest Bank, Tustin, is a subsidiary of West Coast Bancorp.
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