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Lakewood-based FirstBank Holding Co. reported net income of $67.3 million in the first half of the year, a 41 percent increase over the same period a year ago.
The state’s largest locally owned bank also saw assets increase 11 percent to $9.2 billion and deposits rise 5 percent to $7.8 billion. The employee-owned bank avoided making or investing in subprime mortgages, leaving it on more solid footing than many other institutions.
