December 30, 2013
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La Jolla-based Silvergate Bank reported first quarter net income of $1.2 million, up from the $943,000 announced during the like quarter last year.
A business outlook index for San Diego County for January dipped about two points from December, although the sponsoring company for the report said business owners remain positive about future prospects.
Silvergate Bank entered an agreement to sell its Lancaster branch to Glendale-based Americas United Bank, Silvergate said.