Vineyard National Bancorp posts $32,678 May net loss, zero revenues

By Lisa Kerner

Charlotte, N.C., June 14 - Vineyard National Bancorp reported a $32,678 net loss for May on zero revenues, according to its monthly operating report filed Monday with the U.S. Trustee for the Central District of California.

In comparison, the company posted a $100,507 net loss for April, also on zero revenues.

Vineyard had $1.29 million in cash at May 31, up from $1.23 million at the end of April.

Vineyard National, the Corona, Calif., holding company for Vineyard Bank, filed for bankruptcy on July 21, 2009 in the U.S. Bankruptcy Court for the Central District of California. Its Chapter 11 case number is 09-26401.

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