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Vineyard National Bancorp reports $92,157 October net loss, zero sales
By Caroline Salls
Pittsburgh, Nov. 16 - Vineyard National Bancorp reported a $92,157 net loss for October on zero revenues, according to its monthly operating report filed Monday with the Securities and Exchange Commission.
In comparison, the company posted a $91,435 net loss in September, also on zero revenues.
Vineyard had $1.93 million in cash at Oct. 31, down from $1.95 million at the end of September.
Vineyard National, the Corona, Calif., holding company for Vineyard Bank, filed for bankruptcy on July 21 in the U.S. Bankruptcy Court for the Central District of California. Its Chapter 11 case number is 09-26401.
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