Earnings Increase 34% for TransWorld Bancorp
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TransWorld Bancorp in Sherman Oaks reported a 34% gain in second-quarter earnings to $302,000, or 30 cents a share, from $226,000, or 23 cents a share, a year earlier.
The holding company for TransWorld Bank also said its profit for the first half of this year increased 24%, to $554,000, or 55 cents a share, from $447,000, or 45 cents a share, in the comparable 1987 period.
The per-share results were adjusted to reflect a 5% stock dividend paid in April.
As of June 30, TransWorld’s assets totaled $181.9 million, up 11% from $164.3 million a year earlier.
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