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Vineyard National Bancorp reports $71,558 net loss for November
By Caroline Salls
Pittsburgh, Dec. 15 - Vineyard National Bancorp reported a $71,558 net loss for November on zero revenues, according to its monthly operating report filed Tuesday with the Securities and Exchange Commission.
In comparison, the company posted a $92,157 net loss for October, also on zero revenues.
Vineyard had $1.9 million in cash at Nov. 30, down slightly from $1.93 million at the end of October.
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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