Vineyard National Issues Warning on Future; Need for Funds

August 12, 2008, 1:00 a.m. EDT 1 Min Read

California community bank Vineyard National Bancorp, in a regulatory filing Monday, issued a warning on its future and said "significant additional sources" of funds are needed to continue through the year, the Los Angeles Times reported Tuesday on its Web site. In the Securities and Exchange Commission filing, Vineyard National said negative publicity on its financial results and federal regulators' seizure of IndyMac Bank caused a "significant amount of customer deposit withdrawals."

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