Bancorp Loan Writeoff: Orange-based West Coast Bancorp,...

Bancorp Loan Writeoff: Orange-based West Coast Bancorp, the holding company for Sunwest Bank in Tustin, Heritage Thrift & Loan Assn. in Brea and Sacramento First National Bank in Sacramento, said it will write off a $1.4-million loan, reducing anticipated third-quarter earnings by $850,000. The company said that despite the writeoff, it expects to report a net profit for the year. The company said the loan in question was made by its inactive West Coast Realty Finance unit, which is not a regulated banking institution.