TransWorld Bancorp Profit Up 6% in Quarter

TransWorld Bancorp, the Sherman Oaks-based holding company of TransWorld Bank, said its profit rose 6% in the second quarter, to $539,000 from $508,000 a year earlier.

For the first half of the year, the company posted a profit of $989,000, about the same as a year earlier. TransWorld’s assets, however, increased to $325 million as of June 30, from $257 million a year ago, mainly because of the company’s acquisition of $50 million in deposits from the now-defunct Premier Bank.