TransWorld Bancorp Posts 2% Earnings Drop

TransWorld Bancorp said its second-quarter profit slipped 2% from a year earlier, to $508,000 from $516,000.

The Sherman Oaks-based parent of TransWorld Bank said its earnings for the six months ended June 30 also edged lower, to $987,000 from $1.02 million a year ago.

TransWorld’s assets as of June 30 totaled $256.6 million, up 8% from $236.7 million a year earlier.