SOURCE: RMG Capital Capital Corporation

May 04, 2006 11:32 ET

RMG Capital Corporation 1Q Profit Up 67%

FULLERTON, CA -- (MARKET WIRE) -- May 4, 2006 -- RMG Capital Corporation (OTC BB: RMGC), the holding company for Fullerton Community Bank, F.S.B. in Fullerton, California, announced that its first-quarter profit was up 67% as compared with last year's results for the same period.

According to company spokesman, Richard Kusserow, net income totaled $1.01 million or 37 cents per share, up from $603 thousand or 22 cents a share a year ago.

The results reflect increased earnings from bank operations, including net interest income after loss provision for the quarter of $5.7 million, an increase of 26% over 1Q 2005. Total assets grew 27% to $635.0 million and deposits increased 23% to $482.5 million for the same period.

Contact Information

  • Contact:
    Richard O. Kusserow
    Corporate Secretary
    RMG Capital Corporation
    (714) 578-7500