News

Nano One Reinforces its Strategic Role in US Battery Supply Chain through Arkansas Lithium Technology Accelerator (ALTA)

  • Highlights Nano One, via Arkansas Lithium Technology Accelerator (ALTA), expands and catalyzes its network across Arkansas with stakeholders in government, industry, academia, defence, and the investment community. Sparks broader exposure to world-class lithium and commercial opportunities in Arkansas, and US priorities on energy growth, national security, and supply chain resilience.
    08/08/2025

Telescope Innovations Selected to Join ALTA: the First US-Based Lithium Technology Accelerator

  • Telescope is among the first tech companies invited to the Arkansas Lithium Technology Accelerator (ALTA), engaging with industry leaders on the commercialization pathways for its lithium processing technologies Vancouver, British Columbia--(Newsfile Corp. - July 24, 2025) - Telescope Innovations Corp. (CSE: TELI) (OTCQB: TELIF) (FSE:4JU) ("Telescope Innovations", "Telescope", or the "Company") is a leader in intelligent automation platforms for accelerating chemical process development. The Company has been hand-picked to join the inaugural cohort of the Arkansas Lithium Technology Accelerator (ALTA), America's first lithium technology accelerator.
    07/24/2025
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The price of Altabancorp (ALTA) is 44.16 and it was updated on 2025-08-29 07:01:34.

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News
    
News

Nano One Selected to Join U.S. ALTA and Strengthen North American Battery Supply Chain

  • Highlights Nano One selected for launch of ALTA, America's first lithium and battery supply chain accelerator. Only OBBB-ready solution for LFP-linking upstream critical minerals to downstream cell manufacturing.
    Tue, Jul. 15, 2025

Altamira Gold Closes Upsized $5.28 Million Non-Brokered Private Placement

  • Vancouver, British Columbia--(Newsfile Corp. - July 2, 2025) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF) ("Altamira" or the "Company"), is pleased to announce that it has closed its previously announced non-brokered private placement, consisting of a total of 52,850,000 units (the "Units") at a price of $0.10 per Unit for aggregate gross proceeds of $5,285,000 (the "Offering"). Each Unit consists of one common share and one-half of one common share purchase warrant.
    Wed, Jul. 02, 2025

Altamira Gold Announces Filing of NI 43-101 Technical Report for Maria Bonita Porphyry Gold Project, Cajueiro District, Brazil

  • Vancouver, British Columbia--(Newsfile Corp. - June 19, 2025) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF), ("Altamira" or the "Company") is pleased to announce that it has filed a National Instrument 43-101 technical report (the "Report") on the maiden resource estimate for the Maria Bonita porphyry gold deposit within the Cajueiro Project. The report can be found under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website.
    Thu, Jun. 19, 2025

Altamira Gold Announces Non-Brokered Private Placement of up to C$4 Million with Lead Order from Strategic Investor Crescat Capital

  • Not for distribution to United States Newswire Services or for dissemination in the United States Vancouver, British Columbia--(Newsfile Corp. - June 11, 2025) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF) ("Altamira" or the "Company"), is pleased to announce a non-brokered private placement (the "Offering") of up to 40 million units of the Company (the "Units") at a price of C$0.10 per Unit for gross proceeds of up to C$4 million. Each Unit will be comprised of one common share and one-half common share purchase warrant (a "Warrant"), with each whole Warrant exercisable into one additional common share of the Company at C$0.15 per share for a period of 24 months from closing of the Offering.
    Wed, Jun. 11, 2025

Altamira Gold Expands the Cajueiro District Potential with New Discoveries of Porphyry-Related Gold Mineralization

  • Vancouver, British Columbia--(Newsfile Corp. - April 14, 2025) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF) ("Altamira" or the "Company"), is pleased to announce the results of ongoing exploration for district-scale porphyry-related gold mineralization in close proximity to the Cajueiro Central Mineral Resource (previously reported under NI 43-101). Highlights: A new target has been defined at Serafim, located 2km east of the existing Mineral Resource where rock chip sampling identified a hydrothermal breccia containing clasts of veined porphyry intrusive.
    Mon, Apr. 14, 2025
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Altabancorp (ALTA) - 15-12B

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Altabancorp (ALTA) - 25-NSE

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Altamira Gold Discovers New Porphyry Outcrops 1.6km East of the Maria Bonita Discovery within the Cajueiro Project

  • Vancouver, British Columbia--(Newsfile Corp. - August 21, 2024) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF), ("Altamira" or the "Company") is pleased to announce the discovery of newly discovered outcrops of porphyritic rocks within the Cajueiro project area. Highlights: Following the confirmation of a porphyry-style origin for the Maria Bonita gold mineralization by two respected consultants, and subsequent to the structural and geophysical studies of the entire Cajueiro claim block, the Company has identified several loci of potential porphyry mineralization within a 'prospective corridor' trending east-west through the Cajueiro district.
  • 08/21/2024

Altamira Gold Confirms That the Maria Bonita Discovery Is a Porphyry Gold Deposit

  • Vancouver, British Columbia--(Newsfile Corp. - June 19, 2024) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF), ("Altamira" or the "Company") is pleased to announce various further initiatives to explore the Cajueiro district in the light of the identification of porphyry hosted gold mineralization at the Maria Bonita discovery. Highlights: Field review of the drill core from the Maria Bonita discovery by renowned expert consultant, Dr R.
  • 06/19/2024

Altamira Gold Drills 146m @ 1g/t Gold at the Intrusive-Hosted Maria Bonita Discovery, Cajueiro Project, Brazil

  • Vancouver, British Columbia--(Newsfile Corp. - May 22, 2024) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF), ("Altamira" or the "Company") is pleased to announce the results of 12 additional drill holes at the Maria Bonita gold discovery. Highlights: MBA029 returned 146m @ 1.0 g/t gold from 23m depth in hydrothermally altered rhyolite intrusive rocks.
  • 05/22/2024

Altabancorp (ALTA) Q2 Earnings and Revenues Surpass Estimates

  • Altabancorp (ALTA) delivered earnings and revenue surprises of 24.07% and 1.08%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
  • 07/28/2021

Altabancorp™ Reports Second Quarter 2021 Financial Results

  • AMERICAN FORK, Utah--(BUSINESS WIRE)--Altabancorp™ (Nasdaq: ALTA) (the “Company” or “ALTA”), the parent company of Altabank™, reported net income of $12.7 million for the second quarter of 2021, compared with $9.4 million for the first quarter of 2021, and $10.3 million for the second quarter of 2020. Diluted earnings per common share were $0.67 for the second quarter of 2021, compared with $0.50 for the first quarter of 2021, and $0.55 for the second quarter of 2020. For the six months ended J
  • 07/28/2021

Analysts Estimate Altabancorp (ALTA) to Report a Decline in Earnings: What to Look Out for

  • Altabancorp (ALTA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
  • 07/21/2021

AltabancorpTM Schedules Second Quarter Earnings Release Date

  • AMERICAN FORK, Utah--(BUSINESS WIRE)--AltabancorpTM (Nasdaq: ALTA) announced that it will report its second quarter 2021 financial results on Wednesday, July 28, 2021 after the market closes. The Company's second quarter 2021 earnings release will be available on the Company's website at www.altabancorp.com. About AltabancorpTM AltabancorpTM (Nasdaq: ALTA) is the bank holding company for AltabankTM, a full-service bank, providing loans, deposit and cash management services to businesses and ind
  • 07/06/2021

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Altabancorp - ALTA

  • NEW YORK, May 21, 2021 /PRNewswire/ --  Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Altabancorp ("ALTA" or the "Company") (ALTA) relating to its proposed merger with Glacier Bancorp, Inc. Under the terms of the agreement, ALTA shareholders will receive 0.7971 shares of Glacier per share they own. The investigation focuses on whether Altabancorp and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, and 2) whether the transaction is properly valued.
  • 05/21/2021

ALTABANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Altabancorp - ALTA

  • NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Altabancorp (NasdaqGS: ALTA) to Glacier Bancorp, Inc. (NasdaqGS: GBCI). Under the terms of the proposed transaction, shareholders of Altabancorp will receive 0.7971 shares of Glacier for each share of Altabancorp that they own. KSF is seeking to determine whether this consideration and the process that led to
  • 05/20/2021

Altabancorp (ALTA) Soars 10%: Is Further Upside Left in the Stock?

  • Altabancorp (ALTA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
  • 05/20/2021

SHAREHOLDER ALERT: WeissLaw LLP Investigates Altabancorp

  • NEW YORK, May 19, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Altabancorp ("ALTA" or the "Company") (NASDAQ: ALTA) in connection with the Company's proposed merger with Glacier Bancorp, Inc. ("Glacier") (NASDAQ: GBCI).  Under the terms of the merger agreement, ALTA shareholders will receive 0.7971 shares of Glacier stock for each ALTA share they own, representing implied per-share merger consideration of approximately $47.71 based upon Glacier's May 18, 2021 closing price of $59.85.
  • 05/19/2021

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Altabancorp

  • NEW YORK, May 19, 2021 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Altabancorp (NASDAQ: ALTA) and its board of directors concerning the proposed acquisition of the company by Glacier Bancorp, Inc. (NASDAQ: GBCI). Stockholders will receive 0.7971 shares of Glacier Bancorp common stock for each share of Altabancorp stock that they hold.
  • 05/19/2021

Glacier Bancorp (GBCI) to Buy Altabancorp (ALTA) for $933.5M

  • Glacier Bancorp's (GBCI) latest deal to acquire Altabancorp (ALTA) will further solidify the company's presence in the Utah market.
  • 05/19/2021

Altabancorp Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Altabancorp Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – ALTA

  • NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Altabancorp (NASDAQ: ALTA) to Glacier Bancorp, Inc. is fair to Altabancorp shareholders. Under the terms of the merger, Altabancorp shareholders will receive 0.7971 shares of Glacier stock for each Altabancorp share. Halper Sadeh encourages Altabancorp shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212)
  • 05/18/2021

AltabancorpTM Announces Acquisition by Glacier Bancorp, Inc.

  • AMERICAN FORK, UTAH--(BUSINESS WIRE)--AltabancorpTM (Nasdaq: ALTA) (the “Company” or “Alta”) announced today the signing of a definitive agreement with Glacier Bancorp, Inc. (“Glacier” or the “Company”) (Nasdaq: GBCI) to acquire Alta, the bank holding company for AltabankTM, a community bank headquartered in American Fork, Utah. The acquisition marks Glacier's 24th announced acquisition since 2000 and its 7th announced transaction in the past five years. This also marks Glacier's second acquisi
  • 05/18/2021

Altabancorp's (ALTA) CEO Len Williams on Q1 2021 Results - Earnings Call Transcript

  • Altabancorp's (ALTA) CEO Len Williams on Q1 2021 Results - Earnings Call Transcript
  • 05/01/2021

Altabancorp (ALTA) Q1 Earnings Match Estimates

  • Altabancorp (ALTA) delivered earnings and revenue surprises of 0.00% and -4.00%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
  • 04/28/2021

Altabancorp™ Reports First Quarter 2021 Financial Results

  • AMERICAN FORK, Utah--(BUSINESS WIRE)--Altabancorp™ (Nasdaq: ALTA) (the “Company” or “Alta”), the parent company of Altabank™, reported net income of $9.4 million for the first quarter of 2021, compared with $11.1 million for the fourth quarter of 2020, and $10.8 million for the first quarter of 2020. Diluted earnings per common share were $0.50 for the first quarter of 2021, compared with $0.58 for the fourth quarter of 2020, and $0.57 for the first quarter of 2020. Annualized return on average
  • 04/28/2021

Altabancorp (ALTA) Expected to Beat Earnings Estimates: Should You Buy?

  • Altabancorp (ALTA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
  • 04/21/2021

Altabancorp™ Schedules First Quarter Earnings Release Date and Conference Call

  • AMERICAN FORK, Utah--(BUSINESS WIRE)--Altabancorp™ (Nasdaq: ALTA) announced that it will report its first quarter 2021 financial results on Wednesday, April 28, 2021 after the market closes. Management will host a conference call on Thursday, April 29, 2021 at 10:00 a.m. MDT (12:00 p.m. EDT) to discuss the Company's financial performance. The Company's first quarter 2021 earnings release and investor presentation will be available prior to the call on the Company's website at www.altabancorp.co
  • 04/01/2021

Strength Seen in Altabancorp (ALTA): Can Its 5.4% Jump Turn into More Strength?

  • Altabancorp (ALTA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
  • 03/22/2021

Altabancorp™ Comments on Gunther Family 13D Group Statements

  • AMERICAN FORK, Utah--(BUSINESS WIRE)--Altabancorp™ (Nasdaq: ALTA) (the “Company” or “ALTA”), the parent company of Altabank™, issued the following statement in response to the proxy materials filed by the designated representatives of the Section 13D group consisting of various Gunther family members and their entities (“Gunther Family 13D Group”) on March 15, 2021. “Our Board of Directors and executive management team believe in enhancing value for all of our stakeholders, including associates
  • 03/16/2021

Altabancorp's (ALTA) CEO Len Williams on Q4 2020 Results - Earnings Call Transcript

  • Altabancorp's (ALTA) CEO Len Williams on Q4 2020 Results - Earnings Call Transcript
  • 01/28/2021

Altabancorp™ Board Confirms Receipt of Letter From Gunther Family 13D Group

  • AMERICAN FORK, Utah--(BUSINESS WIRE)--Altabancorp™ (Nasdaq: ALTA) (the “Company” or “Alta”), the parent company of Altabank™, confirmed that its Board of Directors has received a letter (“Letter”) from the designated representatives of the Section 13D group consisting of various Gunther family members and their related entities (“Gunther Family 13D Group”) that was filed as part of the Amendment No. 2 to Schedule 13D on January 14, 2021. “Our Board takes its fiduciary responsibilities seriously
  • 01/19/2021

Altabancorp (ALTA) Surges: Stock Moves 6.4% Higher

  • Altabancorp (ALTA) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.
  • 01/15/2021

Altabancorp™ Schedules Fourth Quarter and Year-End 2020 Earnings Release Date and Conference Call

  • AMERICAN FORK, Utah--(BUSINESS WIRE)--AltabancorpTM (Nasdaq: ALTA) announced that it will report its fourth quarter and year-end 2020 financial results on Wednesday, January 27, 2021 after the market closes. Management will host a conference call on Thursday, January 28, 2021 at 10:00 a.m. MST (12:00 p.m. EST) to discuss the Company's financial performance. The Company's fourth quarter and year-end 2020 earnings release and investor presentation will be available prior to the call on the Compan
  • 01/07/2021

Altabancorp™ Announces Renewed Share Repurchase Program

  • AMERICAN FORK, Utah--(BUSINESS WIRE)--Altabancorp™ (Nasdaq: ALTA) (the “Company” or “Alta”) announced that the Board of Directors has authorized a share repurchase program for up to 940,000 shares (the “Repurchase Plan”), which represents approximately 5% of the Company's outstanding shares as of November 15, 2020, in accordance with the Company's overall capital goals. The Repurchase Plan effectively represents a renewal of the Company's prior repurchase plan that lapsed September 30, 2020. Th
  • 11/20/2020

Altabancorp (ALTA) Surpasses Q3 Earnings and Revenue Estimates

  • Altabancorp (ALTA) delivered earnings and revenue surprises of 13.21% and 2.06%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
  • 10/28/2020

Dividend Champions For September 2020

  • Monthly update of the Dividend Champions List. 34 companies declared higher dividends in the past month, with an average increase of 8.4% over their previous payouts.
  • 09/02/2020

Lebanon in mourning after deadly Beirut blasts

  • Hospitals struggle to cope with thousands of wounded after huge blast ripped through the capital’s port
  • 08/05/2020

Zara Tindall's cheeky comment to Harry during Eugenie's wedding revealed by lip reader

  • ZARA TINDALL compared Princess Eugenie's wedding to Meghan Markle and Prince Harry's with a quick comment made to her cousin, a lip reader has claimed.
  • 08/03/2020

Altabancorp™ Reports Second Quarter 2020 Results

  • Second Quarter 2020 Highlights * Total assets grew $754 million, or 33%, year-over-year to $3.1 billion at June 30, 2020. * Total deposits grew $631 million, or 32%, year-over-year to $2.6 billion at June 30, 2020. * Loans declined $13.6 million, or 0.8%, year-over-year to $1.7 billion as the Company has further tightened underwriting standards and reduced loan concentrations, which was offset by the funding of $84.6 million in SBA PPP loans. * Cash and liquid investments securities totaled $1.3 billion, or 42% of total assets, at June 30, 2020. * Tangible equity plus allowance for credit losses totaled $364 million, or 22.0% of total loans held for investment, at June 30, 2020, which provides overall credit protection for both expected and unexpected credit losses in the Company’s loan portfolio. * Tangible book value per share increased 13.5% year-over-year to $17.12 at June 30, 2020. * Return on average assets was 1.65% and return on average equity was 12.55% for the six months ended June 30, 2020.AMERICAN FORK, Utah, July 29, 2020 (GLOBE NEWSWIRE) -- Altabancorp™ (Nasdaq: ALTA) (the “Company” or “Alta”) reported net income of $10.3 million for the second quarter of 2020 compared with $10.8 million for the first quarter of 2020, and $11.0 million for the second quarter of 2019.  Diluted earnings per common share were $0.55 for the second quarter of 2020 compared with $0.57 for the first quarter of 2020, and $0.58 for the second quarter of 2019.Annualized return on average assets was 1.52% for the second quarter of 2020 compared with 1.80% for the first quarter of 2020, and 1.96% for the second quarter of 2019. Annualized return on average equity was 12.06% for the second quarter of 2020 compared with 13.05% for the first quarter of 2020, and 14.33% for the second quarter of 2019. The Board of Directors declared a quarterly dividend payment of $0.13 per common share. The dividend will be payable on August 17, 2020 to shareholders of record as of August 10, 2020. The dividend payout ratio for earnings for the second quarter of 2020 was 24%. This continues the over 50-year trend of paying dividends by the Company.“As with most businesses, we have been significantly impacted by the COVID-19 pandemic.  Our first priority has been the safety and stability of our associates and their families.  Next, we directed our attention to our clients, who were financially impacted by the sudden and substantial negative economic effects of the pandemic.  We have offered to date payment relief to approximately 435 business and 108 individual clients on approximately $327 million in outstanding loan balances,” said Len Williams, President and Chief Executive Officer of Altabancorp™.“In addition, we funded $84.6 million in Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”) loans to approximately 333 businesses.  We will continue to work together with our clients to ensure that we can provide financial solutions to assist them on their path to recovery as we overcome the pandemic.”Mr. Williams continued, “Our strong balance sheet provides safety and security to our stakeholders as we work through the negative effects of the economic shutdown.  We believe our balance sheet strength is reflected in the level of allowance for credit losses held by us and our strong regulatory capital position.  In addition, our focus to reduce loan concentrations in our ADC and commercial real estate portfolios and the tightening of our overall underwriting standards over the past couple of years will help to mitigate the negative effects the pandemic may have on our loan portfolio. Lastly, our strong liquidity position provides us the flexibility to aggressively grow as the economy recovers.”Loans and Credit QualityLoans held for investment declined $13.6 million, or 0.8%, to $1.66 billion at June 30, 2020 compared with $1.67 billion at June 30, 2019.  Quarter-to-date average loans increased $6.7 million, or 0.40%, to $1.69 billion for both the three months ended June 30, 2020 and June 30, 2019. The Company offered temporary loan payment relief to 435 businesses and 108 individuals totaling approximately $327 million, or 19.7% of total loans, excluding SBA PPP loans, to address cash flow challenges for those impacted by the COVID-19 pandemic.  Of the $327 million in loans, where the payments were deferred, 89.54% were on loans that were secured by real estate with a weighted average loan to value (“LTV”) ratio of approximately 50%.  Loans that the Company has offered temporary loan payment relief included approximately $88.5 million that the Company has identified as higher risk business sectors, including hotels, retail, restaurants and assisted living centers.  The Company expects to reamortize each loan at the end of the payment deferral period to extend the maturity date rather than retain the original maturity date with a balloon payment upon maturity.  The Company believes this approach provides its clients with the short-term payment relief they need to address the negative cash flow effects resulting from the pandemic and mitigates unusual large cash outlays after the deferment.The Company funded 333 applications from businesses that participated in the SBA PPP for a total of $84.6 million.  The SBA announced that they would begin taking applications for loan forgiveness on August 10, 2020, at which time the Company will immediately begin filing such applications.The allowance for credit losses increased $14.6 million, or 52.23%, to $42.7 million at June 30, 2020 compared with $28.0 million the same period a year ago.  The allowance for credit losses to loans held for investment was 2.57% (2.71%, excluding SBA PPP Loans) at June 30, 2020 compared with 1.68% at June 30, 2019.  Remaining accretable discounts on non-purchased credit deteriorated loans was $2.9 million at June 30, 2020, which provides additional protection.Non-performing loans decreased to $6.4 million at June 30, 2020 compared with $8.8 million at December 31, 2019.  Non-performing loans to total loans were 0.39% at June 30, 2020 compared with 0.53% at December 31, 2019.  Non-performing assets decreased to $6.4 million at June 30, 2020 compared with $8.8 million at December 31, 2019.  Non-performing assets to total assets were 0.21% at June 30, 2020 compared with 0.37% at December 31, 2019.Commenting on the credit quality trends, Mr. Williams said, “While we’re pleased with the positive credit quality trends we experienced year to date, we do not expect these trends to continue short-term as both governmental and our bank relief programs start to wind down in the third quarter.  The severity of the impact to our credit quality trends will depend upon the length of time that businesses and individuals are negatively impacted by the COVID-19 pandemic and the timing and level of recovery that occurs post-pandemic.” Mr. Williams continued, “The economy for the State of Utah was performing better than most states and the national averages going into the pandemic and is experiencing a more rapid recovery coming out of the pandemic.  The unemployment rate for the nation was 3.5% at February 28, 2020, rose to 14.7% at April 30, 2020, and recovered to 11.1% at June 30, 2020.  The unemployment rate for the State of Utah was 2.5% at February 28, 2020, rose to 10.4% at April 30, 2020, and recovered to 5.1% at June 30, 2020, which is the second lowest unemployment rate of any State in the United States.  Nationally, total jobs increased by 1.6% year-over-year at February 28, 2020, fell to (13.4)% at April 30, 2020, and has recovered to (8.6)% at June 30, 2020.  Total jobs increased year-over-year for the State of Utah to 2.4% at February 28, 2020, fell to (7.2)% at April 30, 2020, and has recovered to (2.7)% at June 30, 2020.  This is the lowest year-over-year change jobs of any State in the United States.  Despite the negative effects that the pandemic has had on the overall year-over-year change in jobs in Utah at the end of the second quarter, construction jobs have actually increased 8.7%, which we believe is a leading indicator of the beginning of an economic recovery in Utah.  We believe that Utah will continue to outperform other states and the nation as a whole as we continue to recover from the negative economic effects of the pandemic.”Deposits and LiabilitiesTotal deposits increased $631 million, or 31.86%, to $2.61 billion at June 30, 2020 compared with $1.98 billion at June 30, 2019.  Non-interest bearing deposits increased $278 million, or 39.36%, to $985 million at June 30, 2020 compared with the same period a year earlier, and interest bearing deposits increased, $353 million, or 27.70%, to $1.63 billion at June 30, 2020 compared with the same period a year ago.  Non-interest-bearing deposits to total deposits was 37.71% as of June 30, 2020 compared with 35.68% as of June 30, 2019.Commenting on the significant increase in deposits, Mr. Williams said, “The increase in total deposits is primarily the result of both governmental and bank relief programs, and businesses and consumers actively conserving cash to try to counter the negative effects of the shutdown in the economy from the COVID-19 pandemic.  In particular, we have seen that many of our borrowers, who requested payment deferments, have held on to their cash that would have otherwise been used to make their monthly payments, and approximately 15% of borrowers, who requested a loan deferral, have continued to make their monthly payment.
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What a difference a year makes for royal weddings

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Here's What We Think About Altabancorp's (NASDAQ:ALTA) CEO Pay

  • Len Williams has been the CEO of Altabancorp (NASDAQ:ALTA) since 2018, and this article will examine the executive's...
  • 07/13/2020

Altabancorp™ Schedules Second Quarter 2020 Earnings Release Date and Conference Call

  • AltabancorpTM (ALTA) announced that it will report its second quarter 2020 financial results on Wednesday, July 29, 2020 after the market closes. Investment professionals are invited to dial 888-317-6003 (international calls 412-317-6061), and the participant entry number is 8500831. AltabancorpTM (ALTA) is the bank holding company for AltabankTM, a full-service bank, providing loans, deposit and cash management services to businesses and individuals through 26 branch locations from Preston, Idaho to St. George, Utah.
  • 07/02/2020

Three banks hit by outage

  • St George bank has restored mobile and internet banking services after customers were left frustrated by an outage that prevented them accessing their money two days after a similar issue.
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