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VALLEY EARNINGS

TransWorld Bancorp Reports 11% Increase

July 21, 1987

TransWorld Bancorp, parent of Van Nuys-based TransWorld Bank, reported an 11% increase in second-quarter profit, to $226,000, or 24 cents a share, from $203,000, or 22 cents a share, a year earlier.

Net income for the first half of 1987 climbed 7% to $447,000, or 48 cents a share, from $416,000, or 45 cents a share, in the comparable 1986 period.

TransWorld, which operates nine offices in the Los Angeles area, said its assets as of June 30 totaled $164.3 million, up from $152.3 million a year earlier. Deposits totaled $146.9 million, up from $134.8 million.

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