Westcorp to Present at Investor Conference

    IRVINE, Calif.--May 28, 2002--Westcorp , the financial services holding company whose principal subsidiaries are WFS Financial and Western Financial Bank, will be presenting at the Jolson Merchant Partners Research Conference in San Francisco on June 3, 2002 at 8:55 a.m. PST.
    Ernest Rady, chairman and chief executive officer, and Lee Whatcott, chief financial officer and chief operating officer will be presenting on behalf of the company.
    This presentation can be accessed by visiting the company's Web site, http://www.westcorpinc.com. This event will be broadcast live and available for replay.
    Westcorp is a financial services holding company whose principal subsidiaries are WFS Financial Inc and Western Financial Bank. Westcorp is a publicly owned company whose common stock is traded on the New York Stock Exchange under the symbol WES. Information about Westcorp can be found at its Web site at http://www.westcorpinc.com.
    WFS is one of the nation's largest independent automobile finance companies. WFS specializes in originating, securitizing and servicing new and pre-owned prime and non-prime credit quality automobile contracts through its nationwide relationships with automobile dealers. Information about WFS can be found at its Web site at http://www.wfsfinancial.com.
    Westcorp, through its subsidiary, Western Financial Bank, operates retail bank branches throughout California and provides commercial banking services in Southern California. Information on the products and services offered by the bank can be found at its Web site at http://www.wfb.com.