TransWorld Bancorp’s Earnings Up 24%

TransWorld Bancorp, the Sherman Oaks parent of TransWorld Bank, said its earnings for the first quarter ended March 31 jumped 24% to $615,000 from $497,000 for the same period in 1989. The bank’s assets were up 10% to $218 million on March 31, from $198 million a year before.

TransWorld said the net income for the first quarter included a $66,000 after-tax gain from the sale of lease rights to its former headquarters.