Transworld Bancorp Posts $98,000 3rd-Quarter Loss

Transworld Bancorp, a Sherman Oaks bank holding company, said it posted a $98,000 third-quarter net loss after increasing the company’s provision for credit losses.

The net loss for the three months that ended Sept. 30 contrasted with $447,000 in net income for the same period a year earlier.

Transworld said it increased its credit-loss provision to $1.2 million during the latest quarter from $145,000 in 1992’s third quarter.