July 23, 1991
TransWorld Bancorp in Sherman Oaks said its second-quarter net earnings fell 14% compared to the same period a year earlier, from $601,000 to $516,000. Net earnings for the six months that ended June 30 were $1.02 million. That compares to $1.2 million for the same period last year, which included a $66,000 non-recurring gain. Total assets as of June 30 were $236.7 million compared to $219.1 million a year ago, an 8% increase. TransWorld Bancorp is the parent firm of TransWorld Bank.
October 24, 1995
TransWorld Bancorp, based in Sherman Oaks, reported record third-quarter earnings of $1.096 million, an increase of 43% from the $764,000 it earned a year earlier. Earnings for the nine months that ended Sept. 30 increased about 85% to $3.06 million, up from $1.66 million in the same period a year earlier. The bank's assets declined slightly to $382.04 million in the latest quarter, down from $384.99 million a year earlier.
October 27, 1992
TransWorld Bancorp, the Sherman Oaks-based holding company for TransWorld Bank, said its third-quarter profit surged 78% from a year earlier, to $447,000 from $251,000, because of lower loan-loss provisions and other expenses. Through nine months ended Sept. 30, TransWorld's net income climbed 13%, to $1.43 million compared with $1.27 million the previous year. The bank, which has nine offices, reported assets of $251.3 million as of Sept. 30, up 3% from $243.1 million a year earlier.
March 19, 1991
Fenimore Asset Management Inc., a money-management firm, raised its stake in TransWorld Bancorp to 6.8% of the company's stock from 5.2%. In a filing with the Securities and Exchange Commission, Fenimore said it bought an additional 18,532 shares in the Sherman Oaks-based company, which operates Trans World Bank. Fenimore, based in Cobleskill, N.Y., said it paid between $12 and $14 a share for the stock, and now owns a total of 76,177 TransWorld shares.