WAL 📈 Western Alliance - Overview

Western Alliance Bancorporation is a bank holding company that oversees the operations of Western Alliance Bank, a financial institution providing an array of banking products and services primarily in the states of Arizona, California, and Nevada. The company's operations are divided into two main segments: Commercial and Consumer Related, each catering to distinct customer needs. On the deposit side, Western Alliance offers a range of products including checking, savings, and money market accounts, as well as certificates of deposit with fixed rates and maturity dates. Additionally, the bank provides demand deposits, treasury management services, and residential mortgage products, aiming to meet the diverse financial requirements of its clientele.

The bank's lending portfolio is equally diverse, with commercial and industrial loan products designed to support businesses. These include working capital lines of credit, specialized loans for technology companies, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans tailored to meet specific business needs. Furthermore, Western Alliance extends commercial real estate loans secured by a variety of properties such as multi-family residential buildings, professional offices, industrial facilities, retail centers, and hotels. The company also offers construction and land development loans for projects ranging from single-family and multi-family residential developments to industrial properties, office buildings, and medical facilities.

Beyond traditional banking services, Western Alliance Bancorporation provides a suite of digital and financial services aimed at enhancing customer convenience and financial management capabilities. These services include internet banking, wire transfers, electronic bill payment and presentment, funds transfer, and other digital payment solutions. Additionally, the bank offers lockbox services, courier services, and comprehensive cash management solutions to support the financial operations of its clients. The company also engages in investment activities, holding investment securities, municipal and non-profit loans, and leases, with a focus on low-income housing tax credits and investments in small business investment corporations.

Founded in 1994, Western Alliance Bancorporation is headquartered in Phoenix, Arizona, and operates with a strategic focus on delivering personalized banking services to its customers across its core markets. With its common stock listed on the NYSE under the ticker symbol WAL, and classified under the GICS Sub Industry of Regional Banks, the company is committed to providing value to its shareholders and contributing to the economic growth of the regions it serves. For more information, the company's official website is available at https://www.westernalliancebancorporation.com, and its ISIN is US9576381092.