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Business Announcements

TIP Printing andamp; Graphics will be moving to the Truckee Airport Business Park next to Bradburys office products after more than 20 years at their West River location.TIP Printing andamp; Graphics owners Joel Gressel and Rich Valentine hired James Macdonell of Main Street Commercial Real Estate to negotiate the lease at the new facility. Macdonell notes the new location is convenient and designed as state-of-the-art production facility, creating a copy, print, and office supply destination.Main Street Commercial Real Estate services offers property owners, business and investors comprehensive real estate solutions including leasing and sales, property search, management and investment advisory services.You may contact TIP Printing andamp; Graphics at 587-3551 or e-mail info@printtip.com.

El Dorado Savings Bank reported earnings of $9,519,355 for 2008 compared to $11.3 million in the prior year. Earnings were reduced by a one-time $2.9 million tax expense related to El Dorados repurchase of approximately 16.5 percent of the outstanding shares of common stock in the bank. Without the additional tax expense net operating profits would have totaled $12,428,486. El Dorado ended the year with $1,619,862,884 in assets, which represented nine percent growth during 2008. Savings deposits rose by $65 million, or 5 percent. The bank ended 2008 with $146.6 million in capital representing 9.05 percent of assets, considerably above the six percent regulatory requirement for a Well Capitalized financial institution. El Dorado Savings Bank operates a branch at 740 North Lake Blvd., Tahoe City and three branches at South Lake Tahoe.


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