TransWorld 4th-Quarter Profit Up 15% to $294,000
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TransWorld Bancorp, the holding company for TransWorld Bank, said its fourth-quarter profit climbed 15% from a year earlier, to $294,000, or 31 cents a share, from $256,000, or 27 cents a share.
For all of 1987, TransWorld’s net income rose 11% to $1.06 million, or $1.13 a share, from $959,000, or $1.03 a share, in 1986.
The Sherman Oaks-based company said its earnings improved despite little change in the amount of its total assets, which inched down to $163.65 million as of Dec. 31 from $163.72 million a year earlier.
Publicly held TransWorld operates nine bank branches in the Los Angeles area.
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