Western Alliance Bancorporation
| Company type | Public |
|---|---|
| Industry | Banking |
| Founded | 1994 in Las Vegas, Nevada, United States |
| Headquarters | Phoenix , United States |
| Products | Banking, mortgage lending |
Western Alliance Bancorporation is a regional bank holding company with its main office located in Phoenix. It holds the 97th position on the Forbes ranking of America's Best Banks and is considered one of the largest banking institutions in the United States.
The company operates several subsidiaries, including Alliance Association Bank, which focuses on homeowner associations within Arizona; Alliance Bank of Arizona, a consumer-focused bank; Bank of Nevada, catering to clients in Clark County, Nevada; Bridge Bank, a commercial banking entity based in the San Francisco Bay Area with loan production facilities spanning nine states; First Independent Bank located in western Nevada; and Torrey Pines Bank serving Southern California. Additionally, Western Alliance owns AmeriHome Mortgage, a firm specializing in mortgage lending.
History
Established in 1994 in Las Vegas, Nevada, Western Alliance shifted its headquarters to Phoenix in 2010. The company expanded its operations in October 2012 by acquiring Western Liberty Bancorp for $55 million. A major strategic acquisition occurred in April 2021 when it purchased AmeriHome for $1.22 billion.
Amid the 2023 United States banking crisis, Western Alliance experienced a drop in its stock price due to its involvement with the technology sector and a high volume of uninsured deposits; however, it swiftly recovered and reached record stock levels.