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Stock Market & Financial Investment News

News Breaks
January 24, 2013
19:43 EDTWALWestern Alliance acquires Centennial Bank for $57.5M, sees accretive to EPS
Western Alliance announced that on January 18, the company's Western Alliance Bank subsidiary executed a definitive agreement to acquire Centennial Bank, located in Fountain Valley, California, for $57.5M in cash, distribution of specified loans and assumption of Centennial Bank's transactional expenses up to $1M. Subject to bankruptcy court and regulatory approval, the transaction is expected to close in late Q1. The company expects the acquisition to be accretive to EPS.
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July 17, 2014
16:35 EDTWALWestern Alliance reports Q2 EPS 40c, consensus 37c
Reports Tier I Leverage Capital of 10.0% and Total Risk-Based Capital ratio of 12.4%, compared to 9.9% and 12.4%, respectively, at March 31 and 9.9% and 12.0%, respectively, at June 30, 2013. Reports total equity of $958M, up $63M from March 31 and up $159M from June 30, 2013. Reports tangible book value per share, net of tax, of $9.02, up from $8.32 at March 31 and up from $7.26 at June 30, 2013. Q2 provision for credit losses was $0.5M, compared to $3.5M for Q1 and 2Q13.

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