Bank of Los Angeles announces third- quarter earnings.

WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)--Nov. 7, 1995--Morry Burford, chairman of the board and chief executive officer of Bank of Los Angeles, announced net income for the nine months ended Sept. 30, 1995, of $288,000, or 5 cents per share, as compared with a net loss of $787,000, or 63 cents per share, for the same period of 1994.

Net income for the quarter ended Sept. 30, 1995, was $284,000, or 4 cents per share, as compared with a net loss of $233,000, or 19 cents per share, for the same period of 1994. Management's evaluation of the allowance for credit losses concluded that the allowance was more than adequate to provide for losses inherent in the portfolio.

A reduction to the allowance for credit losses was made resulting in a credit to the provision of $260,000 for the nine months and $78,000 for the quarter ended Sept. 30, 1995. No provision or credit to the provision for credit losses was made during the nine months or quarter ended Sept. 30, 1994.

Gain on sale of loans of $118,000 was realized during the quarter ended Sept. 30, 1995, and there was no gain or loss on sale of loans during 1994.

In March 1995, Investors Banking Corp., a holding company, invested $3,549,000 into Bank of Los Angeles, becoming the owner of approximately 79 percent of the bank. In October 1995, BKLA Bancorp and Bank of Los Angeles were merged with Bank of Los Angeles as the survivor. At the same time a one-for-five reverse stock split was made to increase the potential market price.

On Nov. 15, 1995, shareholders of Bank of Los Angeles and shareholders of World Trade Bank (WTB) will vote to adopt and approve the agreement and plan of reorganization for Bank of Los Angeles to acquire WTB, with Bank of Los Angeles as the surviving institution.

All of the directors and executive officers and principal shareholders owning approximately 85 percent of Bank of Los Angeles and 94 percent of WTB have indicated that they intend to vote their shares in favor of the reorganization agreement. WTB is a Beverly Hills, Calif.-based national bank with approximate assets of $49 million.

Bank of Los Angeles' shareholders have an opportunity to purchase 15 shares of Bank of Los Angeles common stock and five warrants for every six shares owned as of Oct. 24, 1995, the record date. The subscription price of the unit is $56.25. The rights offering expires Nov. 30, 1995.

Investors Banking has agreed to be a standby purchaser for shares that are not purchased by current shareholders. The proceeds of the offering are estimated to be at a minimum, approximately $1,952,000 and at a maximum, approximately $2,443,000. -0-

                         Bank of Los Angeles
                      Financial Data and Ratios
              (dollars in thousands, except share data)
                             (unaudited)

                        Three months             Nine months
                       ended Sept. 30,         ended Sept. 30,
                      1995         1994       1995         1994

Operations data and ratios:
 Net interest
   income before
   provisions
   (credit) for
   credit losses    $ 1,174      $ 1,078    $ 3,424      $ 3,041
 Provision (credit)
   for loan losses      (78)          --       (260)          --
 Service charges
   and fees             184          219        537          746
 Gain (loss) on
   securities sales     (32)          --        (33)          --
 Gain on sale of
   loans, net           118           --        118           --
 Non-interest
   expense            1,238        1,528      4,016        4,572
 Income tax
   expense               --            2          2            2
 Net income (loss)  $   284      $  (233)    $  288      $  (787)
 Net income (loss)
   per share        4 cents    (19 cents)    5 cents   (63 cents)
 Weighted average
   shares
   outstanding    7,159,760    1,251,565   5,641,462   1,251,565
 Actual shares
   outstanding    5,987,125    1,251,565   5,987,125   1,251,565
 Net income (loss)
   to average
   total
   shareholders'
   equity              14.6%      (20.7)%        6.5%     (21.2)%
 Net income (loss)
   to average total
   assets               1.5%       (1.1)%        0.5%      (1.2)%
-0-

                          At Sept. 30,            At Dec. 31,
                        1995        1994             1994

Financial condition data:

 Total assets         $ 80,789    $ 85,400         $ 80,507
 Deposits               70,423      79,068           74,471
 Loans receivable       39,870      39,381           38,114
 Shareholders' equity    8,008       4,390            3,817
 Shareholders' equity
   per share          $   1.34    $   3.51         $   3.05

Capital ratios:

 Total shareholders'
   equity to total
   assets                  9.9%        5.1%             4.7%
 Tier 1 capital to
   total average assets    7.7%        3.1%             3.0%
 Tier 1 capital to
   total risk-weighted
   assets                 13.0%        5.9%             6.0%
 Total capital to
   total risk-weighted
   assets                 14.3%        7.2%             7.3%

Non-performing assets
  data and ratios:

 Past due loans 90 plus
   days (non-accrual) $     23    $  1,137         $    838
 Other real estate
   owned                   516          --               --
  Total non-performing
    assets            $    539    $  1,137         $    838

Non-performing assets to
  total loans and other
  real estate owned        1.3%        2.9%             2.2%
Non-performing loans
  to total loans           0.1%        2.9%             2.2%
Allowance for credit
  losses to non-
  performing loans      6460.9%      169.4%           194.9%
Non-performing assets
  to total shareholders'
  equity and allowance
  for credit losses        5.7%       18.0%            15.4%

Allowance for credit losses
  activity and ratios:

 Balance at beginning
   of period          $  1,633    $  2,478         $  2,478
 Charge-offs              (147)       (991)          (1,301)
 Recoveries                260         439              456
 Provision (credit)
   for loan losses        (260)         --               --
  Balance at end
    of period         $  1,486    $  1,926         $  1,633

Allowance for credit
  losses to total
  loans                    3.7%        4.9%             4.3%
Net charge offs
  (recoveries) to
  average total
  loans                  (0.3)%        1.2%             2.0%

CONTACT: Bank of Los Angeles, West Hollywood

Morry Burford, 310/843-1480