Western Alliance Bancorporation (NYSE:WAL) announced its financial results for the second quarter 2011. Net income of $0.05 per common share compared to net income of $0.03 for the first quarter 2011 and a $0.02 net loss for the second quarter of 2010. Pre-tax, pre-provision operating earnings of $27.6 million, up 9.0% from $25.3 million in first quarter 2011 and up 21.6% from $22.7 million in second quarter 20101. Total loans of $4.41 billion, up $134 million from March 31, 2011 and up $282 million from June 30, 2010. Total deposits of $5.59 billion, up $91 million from March 31, 2011 and up $358 million from June 30, 2010. Nonperforming assets (nonaccrual loans and repossessed assets) of 3.1% of total assets, down from 3.3% in first quarter 2011 and 4.0% in second quarter 2010. Net loan charge-offs of $13.6 million, down from $14.6 million for the first quarter 2011 and $25.8 million in second quarter 2010
Western Alliance Bancorporation, a multi bank holding company, provides various banking and related products and services in Nevada, Arizona, California, and Colorado. Its deposit products include checking, savings, money market, and other types of deposit accounts, including fixed-rate, fixed maturity retail certificates of deposit, as well as non-interest bearing deposits comprising non-interest bearing checking.
Synovus Financial Corp. (NYSE:SNV) the Columbus, Georgia-based financial services company, announced that Allen J. Gula, Jr. has been named Chief Operations Officer.
Synovus Financial Corp., a diversified financial services and bank holding company, provides commercial and retail banking, financial management, insurance, and mortgage services in Georgia, Alabama, South Carolina, Florida, and Tennessee.
Dover Motorsports Inc. (NYSE:DVD) invites you to a conference call subsequent to the release of Dover Motorsports, Inc.'s earnings for the second quarter ended June 30, 2011. The conference call will be held on Thursday, July 28, 2011 at 10:30 a.m. Eastern Time.
Dover Motorsports, Inc., through its subsidiaries, markets and promotes motorsports entertainment in the United States. The company operates motorsports tracks in two states and promotes events under the sanctioning body, the National Association for Stock Car Auto Racing.
Cleantech Transit Inc (OTCPK:CLNO)
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value.
Biomass energy can be used in different ways.
First is the bio power. Hydropower is perhaps the only renewable source of energy which is used more than biopower. Biomass is actually produced by direct combustion with the help of conventional boilers that are designed to burn waste wood stuff. The steam which is being produced by that combustion, leads the turbine to spins and activates the generator that produces the electricity.
Second is the biofuels. Ethanol and biodiesel are the two mostly available biofuels. Ethanol is generally prepared from the starch which is present in the corn grains which are then added into petroleum-based fuels for the reduction of toxic air emissions as well as increasing the percentage of octane. This is available as a commercial fuel and you can find it with the name of E-85. This fuel type consists of nearly 83% of ethyl alcohol during summer season and near about 70% during the winters.
Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).
Cleantech Transit, Inc. (OTCPK:CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
For more information about CLNO, visit www.cleantechtransitinc.com
Cal Dive International Inc (NYSE:DVR) will conduct a conference call to discuss its second quarter 2011 results on August 3, 2011 at 9:00 a.m. Central Time. A press release summarizing these results is planned for distribution on August 2, 2011, after the market closes. The press release and conference call presentation will be available immediately after publishing from the Investor Relations page on the Cal Dive website at http://www.CalDive.com. A replay of the call will also be available from the same page of the website.
Cal Dive International, Inc., a marine contracting company, provides manned diving, pipelay and pipe burial, platform installation, and platform salvage services to the offshore oil and natural gas industry.
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