Nov. 5--MISSION OAKS REPORTS THIRD-QUARTER PROFIT UP: The parent of Temecula-based Mission Oaks National Bank on Wednesday reported earnings of $163,000 for its third quarter ending Sept. 30. That compared with earnings of $82,000 for the same period of 2008.

A Mission Oaks Bancorp Inc. statement attributed the earnings increase to smaller additions made to the company's loan loss reserves. They totaled $251,000 during the latest quarter, compared with $623,000 a year ago.

Mission Oaks had a net loss of $7.77 million for the first nine months of 2009.

The company also revised its previously announced results for the second quarter, now reported as a net loss of $5.39 million instead of a loss of $3.84 million, due to an adjustment of loss allowances on four loans.

--Lou Hirsh

SMALL BUSINESS FAIR NEXT WEEK IN RIVERSIDE: A resource fair to assist small businesses will be held Tuesday at the Riverside Convention Center from 10 a.m. to 3:30 p.m., according to a statement from Michelle Steel, Southern California's Board of Equalization representative.

Business owners can get advice on loans, taxes, marketing and business plans, record-keeping and other topics. Representatives from federal, state and local agencies will be there to answer questions.

To register in advance, call 888 847-9652 or do it online at www.boe.ca.gov/cgi-bin/seminar.cgi?FLAG=107.

--Jack Katzanek

To see more of The Press-Enterprise, or to subscribe to the newspaper, go to http://www.PE.com.

Copyright (c) 2009, The Press-Enterprise, Riverside, Calif.

Distributed by McClatchy-Tribune Information Services.

For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

<< -- 11/06/2009>>