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Loans, Deposits, Profit Rise At West. Alliance.(B)(NYSE STOCKS IN THE NEWS)
Byline: David Saito-Chung
Western Alliance Bancorp debuted on the NYSE at $22 a share on June 30. The stock gained as much as 43% to a high of 31.50. It's pulled back the past three weeks, falling no more than 14%.
The Las Vegas-based firm is the holding company for lenders BankWest of Nevada, Alliance Bank of Arizona and Torrey Pines Bank in Southern California.
Western Alliance also offers leasing, trust, investment and mortgage services to customers in the three states.
Total assets grew 29% to $2.62 billion as of the second quarter vs. the year-ago period, Western Alliance reported on July 28. ...
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