latest news releases from the newsroom
In Conjunction With Earth Day Nalco Co-Sponsors B4E Global Summit
NAPERVILLE, Ill., April 21, 2009 (GLOBE NEWSWIRE) -- Nalco (NYSE:NLC), providing essential expertise for water, energy and air, announced today it is co-sponsoring B4E 2009, the third Business for Environment Global Summit, which is being held April 22-23 in Paris. Nalco is a Supporting Partner for the meeting which will bring together CEOs and senior executives from leading companies to meet with leaders from governments, international agencies, NGOs (Non Government Organizations) and other groups to discuss environmental challenges and help find solutions.
Wilshire Bancorp, Inc.
Wilshire Bancorp Earns $3.1 Million Net Income, $0.07 Per Diluted Common Share in First Quarter 2009
LOS ANGELES, April 21, 2009 (GLOBE NEWSWIRE) -- Wilshire Bancorp, Inc. ("Wilshire" or the "Company") (Nasdaq:WIBC), the holding company for Wilshire State Bank, today reported that net income in the first quarter of 2009 was $3.1 million or $0.07 per diluted common share, compared to $5.1 million or $0.17 per diluted common share in the fourth quarter 2008, and $7.1 million or $0.24 per diluted common share in the first quarter of 2008. Wilshire increased its provision for losses on loans and loan commitments to address the increase in non-performing loans and deterioration of economic conditions. The ratio of the allowance for loan losses to gross loans increased to 1.65% at March 31, 2009, as compared to 1.43% at December 31, 2008.