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Affiliated Banc Group Inc.`s net income rose 34 percent to a record $2.4 million in the third quarter from $1.8 million in the year-earlier period.
For the first nine months of 1986, the Morton Grove-based banking group reported a profit of $7.9 million, up 15 percent from $6.8 million a year earlier.
Chairman Marvin Neland said brisk loan activity during the quarter and higher earnings from both credit and noncredit sources accounted for the increased results.
