nearly 80% in fiscal 1999, mainly because of losses on investments and the costs associated with defending itself against a lawsuit.

Bank West said in a recent filing with the Securities and Exchange Commission that earnings dropped to $176,000 in the fiscal year that ended June 30, from $830,000 a year earlier. The $207 million-asset thrift said it lost $340,000 on securities investments and spent $384,000 defending itself against a class action that alleges Bank West violated the Truth-in-Lending Act.

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