Community National earnings up
Community National Bank has reported third quarter earnings of $404,000, 25 percent more than in the same period a year ago.
The bulk of the increase for the Great Neck-based bank came from increased small business lending and sales of other loans and investments. Those gains offset a provision for potential bad loans that almost tripled over the same period.
Stuart Lubow, the bank's chairman and chief executive, said the bank's strong capital position will allow the bank to continue to grow by making more commercial loans.
The bank has assets of $471.4 million and has seven branches in Nassau and Suffolk counties.
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