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Malaga Financial Corporation Reports 13% Increase in First Quarter Earnings - Pre-Tax ROE 25.35%

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Malaga Financial Corporation Reports 13% Increase in First Quarter Earnings - Pre-Tax ROE 25.35% Powered By Docstoc
					
				
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Description: PALOS VERDES ESTATES, Calif.--(EON: Enhanced Online News)--Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the quarter ended March 31, 2012 was $3,054,000 ($0.52 per share basic and fully diluted), an increase of $342,000 or 13% from net income of $2,712,000 ($0.46 per share basic and fully diluted) for the quarter ended March 31, 2011. Net income increased primarily due to an increase in net interest income. Net income in the a style='font-size: 10p
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