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Westcorp Announces Cash Dividend

14 December 2000

Westcorp Announces Cash Dividend

    IRVINE, Calif.--Dec. 14, 2000--Westcorp , the diversified financial services company whose principal subsidiaries are WFS Financial Inc. and Western Financial Bank, declared on Dec. 14, 2000, a cash dividend of $0.10 per share for shareholders of record as of Feb. 1, 2001, with a payable date of Feb. 15, 2001.
    Information about Westcorp can be found at its Web site, www.westcorpinc.com.
    Westcorp, through its subsidiary WFS, is one of the nation's largest independent automobile finance companies. WFS specializes in the origination, securitization and servicing of new and used automobile contracts through its nationwide relationships with automobile dealers. WFS provides financing for borrowers in the prime and non-prime credit quality sectors.
    Since 1985, WFS has securitized $19 billion of automobile contracts on 50 transactions, making it the fourth largest issuer in the United States. WFS currently services $6.5 billion of automobile contracts. Information about WFS can be found at its Web site, www.wfsfinancial.com.
    Westcorp, through its subsidiary, Western Financial Bank, operates 25 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, www.wfb.com.