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MailTribune.com
  • People’s Bank earnings increase 40 percent

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  • MEDFORD — People’s Bank of Commerce on Tuesday reported earnings of $507,000 for the first six months of 2014, compared to $362,000 for the same period last year.
    The bank reported earnings of $0.27 per share for the first six months of 2014, compared to $0.28 per share for the prior year. Net interest income was up 14% year-to-date over the prior year.
    “The Bank continues to experience strong loan and deposit growth, with loans up 17 percent and deposits up 25 percent, compared to the prior year,” said Ken Trautman, President and CEO of People’s Bank. “These significant increases are working their way down to the bottom line,” he said.

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