TransWorld Earnings Drop 5% to $904,000
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TransWorld Bank, a Sherman Oaks bank, said its earnings in the fourth quarter were $904,000, down 5% from $954,000 in the fourth quarter last year.
For the year, earnings were $3.7 million, down 8% from $4 million last year.
Total assets as of Dec. 31 were $379,516, up 5% from $359,924 last year.
TransWorld Bank has signed an agreement with Glendale Federal Bank under which TransWorld will be acquired for $63 million.
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