Western Alliance Bancorporation (WAL-PA) NYSE
Currency In USD
- General
- Statistics
- Historical Data
- Profile
- Financials
Western Alliance Bancorporation
Address
One East Washington Street
Phoenix, AZ 85004
United States of America (the)
Phone
602 389 3500
Sector
Financial Services
Industry
Banks - Regional
Employees
3769
First IPO Date
September 16, 2021
Key Executives
| Name | Title | Pay | Year Born |
| Kenneth A. Vecchione | Chairman, President & CEO | 5.64M | 1954 |
| Barbara J. Kennedy | Chief Human Resource Officer | 799,995 | 1967 |
| Timothy W. Boothe | Chief Administration Officer | 1.55M | 1966 |
| Timothy R. Bruckner | Chief Banking Officer For Regional Banking | 2M | 1968 |
| Vishal Idnani | Chief Financial Officer | 2.27M | 1986 |
| Dale Gibbons | Vice Chairman and Chief Banking Officer, Deposit Initiatives & Innovation | 3.04M | 1960 |
| Ben Mucha | Chief Accounting Officer | 0 | 1972 |
| Jessica H. Jarvi | Chief Legal Officer & Corporate Secretary | 0 | 1977 |
| Paulina Woo | Senior Director of Treasury Management, Corporate Finance, Public & Non-profit Finance | 0 | N/A |
| Miles Pondelik | Director of Investor Relations & Corporate Development | 0 | N/A |
| Sonny Sonnenstein | Chief Information Officer | 0 | N/A |
Description
Western Alliance Bancorporation serves as the holding company for Western Alliance Bank, offering a diverse array of banking and financial services primarily across Arizona, California, and Nevada. Its operations are structured into Commercial, Consumer Related, and Corporate & Other segments. The institution provides clients with various deposit options, such as checking, savings, and money market accounts, alongside fixed-rate and fixed-term certificates of deposit (CDs). It also delivers specialized treasury management solutions and residential mortgage products. Western Alliance's comprehensive lending portfolio includes: Commercial and Industrial (C&I) loans: encompassing working capital lines, financing for technology companies, inventory and accounts receivable lines, mortgage warehouse facilities, equipment loans and leases, and other commercial credit products. Commercial Real Estate (CRE) loans: secured by properties like multi-family residences, professional office spaces, industrial facilities, retail centers, hotels, and other income-generating commercial assets. Construction and Land Development loans: supporting projects for single-family and multi-family residential housing, industrial/warehouse sites, office buildings, retail developments, medical facilities, and residential lot preparation. Consumer loans: providing personal credit solutions. Additionally, the company offers a suite of other financial services, including internet banking, wire transfers, digital bill payment, lockbox services, courier services, and comprehensive cash management. It also holds various investment securities, municipal and non-profit loans, and leases. Strategic investments are made in low-income housing tax credits and Small Business Investment Corporations, alongside a portfolio of real estate loans and related securities. Western Alliance Bancorporation maintains a physical presence through 36 branch locations and numerous loan production offices. The company was founded in 1994 and is headquartered in Phoenix, Arizona.
