Golden State Bancop Earnings Up 8% in Q3

SAN FRANCISCO-Golden State posted third quarter 2000 earnings of $88.5 million, or approximately 62 cents a share. Total assets were reported at $60.6 billion as the third quarter came to a close, an increase of just under 8% from last year.

By Brian K. Miller | Updated on October 18, 2000

SAN FRANCISCO-Golden State Bancorp announced their Third Quarter earnings this week. Up 8.4% over its 1999 third quarter, Golden State posted third quarter 2000 earnings of $88.5 million, or approximately 62 cents a share.

Total assets were reported at $60.6 billion as the third quarter came to a close, an increase of just under 8% from last year. Total loans for non-single family residential were up, to $8.7 billion, and commercial real estate loans also grew during the third quarter.

San Francisco-based Golden State is the publicly traded parent of California Federal Bank. Cal Fed is a community-oriented bank serving business and consumer customers. Cal Fed has 354 branches in California and Nevada, and is the second-largest insured depository institution in the state.

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