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.

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