Vegas bank operators post mixed results

Friday, April 16, 2004 | 11:12 a.m.

BancWest Corp. of Honolulu, which operates seven Bank of the West branches in the Las Vegas Valley, reported first-quarter net income of $113.2 million, up from $102.1 million a year ago.

Also, Walter A. Dods Jr. announced plans to retire as chief executive of BancWest Corp. and First Hawaiian Bank. Don J. McGrath, president, will succeed Dods as chief executive at year-end. Dods will remain chairman.

Also, Washington Federal Inc. of Seattle, owner of two Las Vegas-area branches, reported fiscal second-quarter earnings of $32.5 million, or 41 cents a share, down from $37.7 million, or 49 cents, a year ago.

Montgomery, Ala.-based Colonial BancGroup Inc. announced first-quarter net income of $39.1 million, or 31 cents per share, up from $35.6 million, or 29 cents per share, a year ago. It has seven Las Vegas-area branches.

And Nevada First Bank, which has four local branches, announced net income for the first quarter of $899,000, compared with $607,000 during the same 2003 period.

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