LAS VEGAS, March 25, 2011 (GLOBE NEWSWIRE) -- Western Liberty Bancorp, Inc. (Nasdaq:WLBC), the bank holding company for Service1 st Bank of Nevada, today reported exceptionally strong capital ratios, a recently fair valued loan portfolio and strong core deposits in 2010, marking the company's first two months of operations after the merger with Service1st Bank on October 28, 2010. Reflecting approximately $6 million in transaction-related expenses, Western Liberty booked a 2010 net loss of $7.7 million, or $0.65 per share. Western Liberty reported a net loss of $14.9 million, or $0.45 per share, in 2009, when it was solely a shell company. All results in this news release are unaudited; audited results will be filed in the company's Form 10K on or before March 31, 2011.
Western Liberty Bancorp Reports 2010 Financial Results
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