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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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