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Open Bank Announces the First Quarter 2013 Results

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Open Bank Announces the First Quarter 2013 Results Powered By Docstoc
					
				
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posted:5/7/2013
language:Japanese
pages:4
Description: LOS ANGELES--(BUSINESS WIRE)--Open Bank (OTCBB:OPBK) today announced a net income of $3.6 million for the first quarter of 2013 and compared to $4.3 million for the first quarter of 2012. The results included reversals of valuation allowances on the deferred tax assets (“DTA”) of $2.7 million and $4.0 million for the first quarter of 2013 and the first quarter of 2012, respectively. Excluding such tax benefits, the net income for the first quarter of 2013 was $836 thousand, compared to $279 thou a style='font-
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