Western Alliance Bancorporation
TypePublic
NYSE: WAL
IndustryBanking
Founded1994 (1994) in Las Vegas, Nevada [1]
HeadquartersPhoenix, Arizona
Area served
Arizona, California, and Nevada
Key people
Bruce Beach (Chairman)
Kenneth Vecchione (President & CEO)[2]
Dale Gibbons (Vice chairman & CFO)
Timothy Boothe (COO)
Tim R. Bruckner (CCO)
Increase US$1.044 billion (2022)
Total assetsIncrease $67.734 billion (2022)
Total equityIncrease US$5.356 billion (2022)
Number of employees
3,365 (2022)
Websitewesternalliancebancorporation.com
Footnotes / references
[3]

Western Alliance Bancorporation is a regional bank holding company headquartered in Phoenix. It is on the list of largest banks in the United States and is ranked 42nd on the Forbes list of America's Best Banks.[4]

The company's banking subsidiaries include Alliance Association Bank, a commercial bank specializing in homeowner associations in Arizona; Alliance Bank of Arizona, a retail bank; Bank of Nevada, a retail bank in Clark County, Nevada; Bridge Bank, a commercial bank in the San Francisco Bay Area with loan production offices in nine states; First Independent Bank, a retail bank in western Nevada, and Torrey Pines Bank, a retail bank in Southern California. Western Alliance also owns AmeriHome Mortgage, a mortgage loan company.[3]

History

The bank was founded in 1994 in Las Vegas, Nevada.[1][2]

In 2010, it moved its headquarters to Phoenix, Arizona.[5]

In April 2021, the company acquired AmeriHome for $1.22 billion.[6]

March 2023 United States bank failures

During the 2023 United States banking crisis, Western Alliance Bancorporation share price fell 82% before trading was halted.[7]

Western Alliance Bancorporation stock price

References

  1. 1 2 "Western Alliance Bancorporation Preliminary Prospectus". U.S. Securities and Exchange Commission. June 17, 2005.
  2. 1 2 Rob Copeland (June 14, 2023). "'Do You Even Want Us to Exist?' A Bank Chief Fights to Survive". The New York Times. ISSN 0362-4331. Wikidata Q119502891. Retrieved June 14, 2023.
  3. 1 2 "Western Alliance Bancorporation 2022 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission.
  4. ↑ "America's Best Banks: Western Alliance Bank". Forbes.
  5. ↑ Edwards, John G. (May 26, 2011). "Western Alliance loses some ties to state". Las Vegas Review-Journal.
  6. ↑ "Western Alliance Completes Previously Announced AmeriHome Mortgage Company Transaction" (Press release). Business Wire. April 7, 2021.
  7. ↑ Singh, Medha (March 13, 2023). "First Republic dives as fresh financing fails to soothe deposit outflow fears". Reuters. Archived from the original on March 13, 2023. Retrieved March 13, 2023.
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