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January 22, 2013

River Valley bank's winning streak grows

Yuba City-based River Valley Community Bank closed out 2012 with record annual net income and its 22nd consecutive profitable quarter.

The bank, opened in 2006, reported a 2012 profit of $1.45 million, or 85 cents per share, compared with $1.25 million, or 73 cents a share, in 2011.

Fourth-quarter net income totaled $361,611, up from $307,827 in the last quarter of 2011.

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