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TransWorld Bancorp Reports Quarterly Profit

TransWorld Bancorp, the Sherman Oaks parent company of TransWorld Bank, said its third-quarter profit jumped 44% from a year earlier.

Net income for the quarter that ended Sept. 30 climbed to $456,000, or 46 cents a share, from $317,000, or 32 cents a share, a year earlier.

TransWorld’s profit for the first nine months of 1988 rose 32% to $1.01 million, or $1.01 a share, from $764,000, or 77 cents a share. All per-share results were adjusted to reflect a 5% stock dividend paid last April 22.

TransWorld’s assets as of Sept. 30 totaled $195 million, up 18% from a year ago.

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