WASHINGTON - For the first time in years, the savings and loan industry's annual convention has every right to look more like a party than a wake.

An estimated 1,600 members of the Savings and Community Bankers of America are meeting through Wednesday in San Diego amid news that 93% of the industry is profitable, with $2.81 billion in earnings for the first six months of the year. That compares with an $8 billion loss for the same period of last year.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.