TransWorld Bancorp Profit Drops 11%

TransWorld Bancorp, the Sherman Oaks-based holding company for TransWorld Bank, said its fourth-quarter profit dropped 11% from a year earlier, to $467,000 from $522,000. The latest quarterly earnings included a gain of $307,000 from the sale of the company’s credit-card loan portfolio.

For all of 1992, TransWorld’s net income rose 6%, to $1.9 million from $1.8 million in the previous year.

The bank, which has nine offices, reported assets of $251.2 million as of Dec. 31, down 1% from $253.5 million a year earlier.