Pioneer Bancorporation earnings

Tue, Apr 30, 1996 (11:59 a.m.)

COMMENTS: Company officials reported record first-quarter earnings. Two measures of bank performance, return on equity and return on assets, when annualized totalled 21.03 percent and 1.43 percent, respectively, for the first quarter. The board of directors declared a three-for-two stock split payable May 2 to holders of record April 30. Pioneer Bancorporation is the parent of Pioneer Citizens Bank of Nevada, which operates nine branches throughout the state. It had total assets of $526,048,000 as of March 31. (Nasdaq non-national: 3PNCZ)

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