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Phoenix-based Western Alliance quadruples profit

January 28, 2013

Phoenix-based Western Alliance Bancorporation quadrupled its net income for the quarter ended Dec. 31 on across-the-board improvements in business operations, it said. The banking and financial-services firm reported a profit of $32.1 million, or 37 cents a share, up from $7.1 million, or 7 cents a share, for the fourth quarter of 2011.

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