TransWorld’s Earnings Fall 21% in 1st Quarter
TransWorld Bancorp in Sherman Oaks posted a 21% drop in its first-quarter earnings.
TransWorld, which has 11 offices in Los Angeles and Ventura counties, posted a $770,000 profit in the quarter that ended March 31, compared to a record $980,000 profit in the same period a year earlier.
As of March 31, the bank’s total assets were $369.4 million, up 3% from Dec. 31.
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