TransWorld Bancorp’s Net Income Drops 11%

TransWorld Bancorp, based in Sherman Oaks, saw its net income fall 11% in its second quarter.

TransWorld posted net income of $870,000 in the second quarter, down from a profit of $982,000 a year earlier.

For the six months period, the bank’s net income fell 16% to $1.64 million, down from $1.96 million a year earlier.