Westcorp Announces Cash Dividend

    IRVINE, Calif.--June 10, 2003--Westcorp , the diversified financial services company whose principal subsidiaries are WFS Financial Inc and Western Financial Bank, declared on June 9, 2003, a cash dividend of $0.13 per share for shareholders of record as of Aug. 5, 2003 with a payable date of Aug. 19, 2003.
    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.
    Westcorp, through its subsidiary, Western Financial Bank, operates 18 retail bank branches 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.
    Westcorp, through its subsidiary, 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.