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Bank’s net rises

NNBW Staff

Northern Nevada Bank earned $468,000 in the second quarter, an increase of $294,000 over its income for the first quarter of this year.

Total assets at the Reno-based bank stood at $74 million on June 30, a 31 percent increase over year-earlier figures.

President Robert Hemsath said earnings at the bank owned by northern Nevada investors are running ahead of projections.

The bank was launched in 2000.


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