Transworld Bancorp Profit Rose 12% in 4th Quarter

Transworld Bancorp said its net income for the fourth period that ended Dec. 31 climbed 12% to $551,000 from $491,000 a year before. The Sherman Oaks-based parent of Transworld Bank said its total assets as of Dec. 31 were $213.8 million, 9% more than $196 million a year earlier.

Full-year earnings for the bank increased 42% to $2.13 million from $1.50 million in 1988.