WFS Financial's Parent Company to Present at Investor Conference

    IRVINE, Calif.--May 28, 2002--WFS Financial Inc , today announced its parent company, Westcorp , will be presenting at the Jolson Merchant Partners Research Conference in San Francisco on June 3, 2002, at 8:55 a.m. PDT.
    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 Westcorp'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 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 and its affiliates is the largest non-captive issuer of automobile asset-backed securities in the United States having issued a total of $26.2 billion of such securities in 55 transactions to date.
    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.