Bank of Los Angeles announces 1995 results.

WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)--Feb. 9, 1996--Morry Burford, chairman of the board and chief executive officer of Bank of Los Angeles, announced net income for the 12 months ended Dec. 31, 1995, of $646,000 or 51 cents per share.

This compared to a net loss of $1,212,000 or $4.85 per share for the same period of 1994. A reduction to the allowance for credit losses was made resulting in a credit to the provision for credit losses of $311,000 for the period ending Dec. 31, 1995. No provision or credit to the provision for credit losses was made during 1994.

Gain on sale of loans of $118,000 was realized during the year and there was no gain or loss on sale of loans during 1994.

In November of 1995 the bank completed a successful rights offering with the purchase of the maximum shares available. This $2,443,000 infusion of capital brought the bank's total risk-weighted assets to approximately 13.2 percent, classifying it as a well-capitalized bank.

On Nov. 15, 1995, the merger was completed with World Trade Bank which increased Bank of Los Angeles' total assets to $129,745,000 compared with total assets of $80,507,000 on Dec. 31, 1994.

Bank of Los Angeles has corporate headquarters and a branch in West Hollywood and two additional branches in Beverly Hills. -0-

                        Bank of Los Angeles
                        Financial Highlights
              (dollars in thousands except share data)

                                       For the years ended Dec. 31,
                                      1995        1994        1993
                                   (unaudited)

Operations Data and Ratios:
Interest income                    $  6,819    $  5,794    $  7,092
Interest expense                      1,852       1,758       2,262
Net interest income before
  provision (credit) for
  credit losses                       4,967       4,036       4,830
Provision (credit) for loan
  losses                               (311)         --       1,953
Service charges and fees                806         923       1,353
Gain (loss) on securities
  sales, net                            (46)         --         372
Gain on sale of loans, net              118          --         --
Non-interest expense                  5,510       6,171       6,915
Income tax expense                       --          --          --
Net income (loss)                       646      (1,212)     (2,313)
Net income (loss) per share        51 cents    $  (4.85)   $  (9.25)
Weighted average shares
  outstanding                     1,269,540     250,313     250,313
Actual shares outstanding         2,195,232     250,313     250,313
Net income (loss) to
  average total
  shareholders' equity                  8.7%      -26.0%      -32.3%
Net income (loss) to
  average total assets                  0.8%       -1.4%       -2.1%

                                             At or for the year ended
                                                     Dec. 31,
                                                 1995         1994
                                              (unaudited)

Financial Condition Data:
Month-end balances:
Total assets                                 $129,745     $ 80,507
Deposits                                      114,850       74,471
Loans receivable, net                          63,663       36,481
Shareholders' equity                           11,991        3,817
Shareholders' equity per share               $   5.46     $  15.25
Average balances:
Total assets                                 $ 83,492     $ 88,922
Deposits                                       73,156       81,503
Loans receivable                               41,563       42,939
Shareholders' equity                            7,419        4,660

                                              At or for the year ended
                                                       Dec. 31,
                                                    1995       1994
                                                (unaudited)
Capital Ratios:
Total shareholders' equity to
  total assets
Tier 1 capital to total average
  assets (also known as
  leverage capital ratio)                           7.1%        3.0%
Tier 1 capital to total
  risk-weighted assets                             11.9%        6.0%
Total capital to total
  risk-weighted assets                             13.2%        7.3%

Nonperforming Assets Data and Ratios:
Past-due loans 90 plus days
  (nonaccrual)                                  $ 1,418     $   838
Other real estate owned                             518          --
Total nonperforming assets                      $ 1,936     $   838

Nonperforming assets to total
  loans and other real estate
  owned                                             2.9%        2.2%
Nonperforming loans to total
  loans                                             2.1%        2.2%
Allowance for credit losses to
  nonperforming loans                             166.3%      194.9%
Nonperforming assets to total
  shareholders' equity and
  allowance for credit
  losses                                           13.5%       15.4%
Allowance for Credit Losses
  Activity and Ratios:
Balance at beginning of period                  $ 1,633     $ 2,478
Charge offs                                        (407)     (1,301)
Recoveries                                          311         456
Provision (credit) for loan
  losses                                           (311)         --
Addition due to acquisition                       1,132          --
Balance at end of period                        $ 2,358     $ 1,633

Allowance for credit losses
  to total loans                                    3.6%        4.3%
Net charge offs (recoveries) to
  average total loans                               0.2%       -2.0%

CONTACT: Bank of Los Angeles, West Hollywood

Morry Burford, 310/843-1480