TransWorld Bancorp Posts 4% Earnings Drop

TransWorld Bancorp, the Sherman Oaks-based parent of TransWorld Bank, said its first-quarter earnings slipped 4% from a year earlier, to $479,000 from $501,000.

The reduced profit came as TransWorld’s assets as of March 31 climbed to $246.1 million from $227.3 million a year earlier. The company operates nine offices in the Los Angeles area.