Saratoga News

Business Brief

Saratoga Bancorp reports increases

Saratoga Bancorp, the parent company for Saratoga National Bank, recently announced increased earnings for the three- and six-month periods ending June 30.

Net income for the quarter was up 33 percent to $432,000 for the same period in 1997. Net income for the six-month period increased to $850,000, which is up 41 percent from the same time last year. Shareholders on record as of March 31 benefited from the increased earnings and received a 10-cent-per-share cash dividend in April.

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