Pacific Inland Bancorp. Reports Profit of $42,426

Pacific Inland Bancorp in Anaheim reported profits of $42,426 in the second quarter, compared to a loss of $109,268 in the three-month period ending June 30,1984. Pacific Inland Bank opened for business in March 1984 and the holding company went public a month later.

In addition to Pacific Inland Bank, the holding company owns Pacific Inland Venture Corp., a venture capital fund in formation, and New Jersey-based Trident Investment Management Inc., which manages approximately $750 million worth of pension funds nationwide.

Since opening, Pacific Inland Bank has grown rapidly. Assets, for example, were $51.7 million on June 30, up from $19 million a year before. Loans stood at $29.9 million, compared to $6.6 million a year ago. And deposits were $38.8 million, versus $6.7 last year.

“We are creating a sound foundation for a corporation that offers sophisticated financial services to specialized market niches,” chairman Richard J. Meyer said in a prepared statement.