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ORANGE COUNTY BRIEFLY

October 13, 1994

Westcorp: The Irvine financial services holding company, whose principal subsidiary is Western Financial Savings Bank, posted a profit of $5 million, or 21 cents a share, for the third quarter. That compared to a profit of $3.2 million, or 14 cents a share, for the same period last year, which included a loss of $1.1 million from the redemption of subordinated debt. For the nine-month period, profit rose 38%, to $13 million, or 56 cents a share, from $9.4 million, or 47 cents a share. Assets as of Sept. 30 totaled $2.4 billion, up 9% from $2.2 billion a year earlier.

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