TransWorld Bancorp’s Profits Increase by 10% in 3rd Quarter

TransWorld Bancorp, a Sherman Oaks-based bank holding company, reported that its third-quarter profits increased 10% to $317,000, or 34 cents a share, for the quarter ended Sept. 30, compared to $287,000, or 31 cents a share, in the same period last year.

For the nine months ended Sept. 30, earnings were $764,000, or 81 cents a share, compared to $703,000, or 75 cents a share, a year ago, an increase of 9%.

TransWorld’s total assets at Sept. 30 were $165.9 million, compared to $151.8 million a year ago. TransWorld Bancorp’s subsidiary, TransWorld Bank, has nine branches in the San Fernando and Santa Clarita valleys.