TransWorld Bancorp’s Quarterly Profits Up 13%

TransWorld Bancorp in Sherman Oaks reported that its profit for the second quarter, which ended June 30, rose 13% to $601,000 from $530,000 a year ago. The bank’s net income for the first six months of the year was $1.22 million, up 18% from $1.03 million for the same period in 1989.

TransWorld’s total assets rose to $219 million as of June 30, an increase of 9% from $201 million a year before.