Transworld Bancorp Posts $98,000 3rd-Quarter Loss
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Transworld Bancorp, a Sherman Oaks bank holding company, said it posted a $98,000 third-quarter net loss after increasing the company’s provision for credit losses.
The net loss for the three months that ended Sept. 30 contrasted with $447,000 in net income for the same period a year earlier.
Transworld said it increased its credit-loss provision to $1.2 million during the latest quarter from $145,000 in 1992’s third quarter.
