TransWorld Profit Soars to $980,000 in 1st Quarter
TransWorld Bancorp posted record first-quarter earnings that were more than triple the profit reported by the Sherman Oaks-based bank holding company in the same quarter a year earlier.
TransWorld reported earnings of $980,000 in the quarter that ended March 31, compared to earnings of $268,000 in the same period in 1994. Total assets climbed to $376 million by March 31, up 11% from $338 million a year earlier.
TransWorld Bancorp is the parent of TransWorld Bank, a 42-year-old commercial bank with 10 offices in Los Angeles and Ventura counties.
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