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BANK OF UTAH POSTS RISE IN NET INCOME

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Bank of Utah reported third-quarter net income of $233,227 $(1.44 per share), a 29.17 percent increase over the $$180,552 ($1.12 per share) earned in the same period last year.

Year to date earnings through the third quarter were $571,363 ($3.54 per share), a 56.80 percent increase over the $364,387 ($2.26 per share) earned in the first nine months of 1988.President Roy C. Nelson said non- performing loans were 1.50 percent of total assets, down from 1.85 percent on Sept. 30, 1988. Assets were at $131.15 million, up 1.26 percent.

Nelson said he expects the "excellent performance to continue through 1989."