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Vineyard National Bancorp reports $92,948 June net loss, no revenues
By Caroline Salls
Pittsburgh, July 14 - Vineyard National Bancorp reported a $92,948 net loss for June on zero revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Central District of California.
In comparison, the company posted a $32,678 net loss for May, also on zero revenues.
Vineyard had $1.12 million in cash at June 30, down from $1.29 million at the end of May.
Vineyard National, the Corona, Calif., holding company for Vineyard Bank, filed for bankruptcy on July 21, 2009. Its Chapter 11 case number is 09-26401.
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