Company Overview of Western Alliance Bank
Western Alliance Bank provides banking services. The company provides commercial and industrial, commercial real estate, construction, SBA 504 and 7A, mortgage warehouse, franchise, and asset based lending services, as well as public, equipment, and resort finance. It also provides deposit services, including checking accounts, savings accounts, money market accounts, certificates of deposits, certificate of deposit account registry services, attorney trust accounts, and escrow deposit services; and treasury management services, including ACH services, cash vault, E-Deposit remote capture, online banking/bill pay, lockboxes, merchant services, positive pay, trustier fraud protection, and zer...
1 East Washington Street
Phoenix, AZ 85004
Founded in 2002
Key Executives for Western Alliance Bank
Founder, Director and Chief Executive Officer of Alliance Bank of Arizona
Chief Financial Officer and Senior Vice President
Director, Chairman of Western Alliance Bancorporation and Chief Executive Officer of Western Alliance Bancorporation
Chief Executive Officer of Torrey Pines Bank
Compensation as of Fiscal Year 2015.
Western Alliance Bank Key Developments
Western Alliance Bank Issues $150,000,000 Aggregate Principal Amount of 5.00% Fixed-To-Floating Rate Subordinated Notes Due July 15, 2025
Jul 2 15
Western Alliance Bank issued $150,000,000 aggregate principal amount of 5.00% Fixed-to-Floating Rate Subordinated Notes due July 15, 2025. The Notes were issued pursuant to an Issuing and Paying Agency Agreement, dated as of June 29, 2015, by and between the Bank and U.S. Bank National Association, as issuing and paying agent and note registrar. The Notes were issued at a price equal to 100% of the principal amount, resulting in net proceeds to the Bank (after discounts and commissions but before expenses) of $148,500,000. The Bank intends to use the net proceeds from the offering for general corporate purposes, which may include providing capital to support its growth and capital adequacy. The Notes are intended to qualify as Tier 2 capital for bank regulatory purposes. The Notes mature on July 15, 2025, and will bear interest at a fixed rate per annum of 5.00%, payable semi-annually in arrears, until July 15, 2020. From and including July 15, 2020 through maturity or earlier redemption, the Notes will bear interest at a floating rate per annum that resets quarterly equal to three-month LIBOR plus 3.20%, payable quarterly in arrears. The Notes are redeemable by the Bank, in whole or in part, on or after July 15, 2020 and on every interest payment date thereafter or, in whole but not in part, upon the occurrence of certain specified tax events, capital events or investment company events. Any redemption will be at a redemption price equal to 100% of the principal amount of Notes being redeemed, plus accrued and unpaid interest. The Notes are not subject to redemption at the option of the holders.
Western Alliance Bank Presents at The Bond Buyer's California Public Finance Conference 2014, Oct-10-2014 09:15 AM
Sep 20 14
Western Alliance Bank Presents at The Bond Buyer's California Public Finance Conference 2014, Oct-10-2014 09:15 AM. Venue: Manchester Grand Hyatt, San Diego, California, United States. Speakers: James Sult, Senior Vice President - Municipal Investment Manager.
Alliance Bank of Arizona to Open New Banking Centre in Aspen Place by August 7, 2014
Jul 7 14
Alliance Bank of Arizona has announced that it has opened a new banking centre. The company has announced the opening of its new bank at 501 E. Butler Avenue in Aspen Place at The Sawmill. The centre is to be opened by August 7, 2014.
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