BYL Bancorp Expects to Take $727,000 4th-Quarter Charge

BYL Bancorp said Friday it plans to take a charge of $727,000, or 28 cents a share, in the fourth quarter on the anticipated sale of a pool of securities at a loss. In the fourth quarter of the previous year, the Orange-based company earned $892,000, or 35 cents a share, including expenses of about 23 cents a share for conversion of data processing systems and year 2000 readiness costs. Excluding the items, the company earned about $1.5 million, or 58 cents a share. BYL’s stock closed at $14.19, up 6 cents a share, in Nasdaq trading.