Business & Real Estate

El Dorado Savings Bank sees 20 percent annual gain in quarterly profits

Placerville-based El Dorado Savings Bank, which operates 31 branches in California and four in northern Nevada, reported a 20 percent year-over-year gain in profits in the first quarter.

El Dorado said net income totaled $3.58 million in this year’s opening quarter, up from $2.99 million in the first quarter of 2015.

El Dorado ended this year’s first quarter with $2.04 billion in total assets.

Mark Glover: 916-321-1184, @markhglover

This story was originally published May 10, 2016 at 10:06 AM with the headline "El Dorado Savings Bank sees 20 percent annual gain in quarterly profits."

Get one year of unlimited digital access for $159.99
#ReadLocal

Only 44¢ per day

SUBSCRIBE NOW