Westcorp: The Irvine-based diversified financial services company,...
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From Times Staff and Wire Reports
Westcorp: The Irvine-based diversified financial services company, whose principal subsidiary is Western Financial Savings Bank, said first-quarter net income jumped 46% to $4.3 million over a year ago. The company said it added about $2 million to loan-loss reserves, bringing the total at the end of the quarter to nearly $25 million, or 0.98% of total loans. The firm cited strength in its consumer lending business.
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