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Western Alliance Bancorporation (WAL)

NYSE - NYSE Delayed Price. Currency in USD
64.19-0.03 (-0.05%)
At close: 04:00PM EDT
64.10 -0.09 (-0.14%)
After hours: 07:38PM EDT

Western Alliance Bancorporation

One East Washington Street
Suite 1400
Phoenix, AZ 85004
United States
(602) 389-3500
https://www.westernalliancebancorporation.com

Sector(s)Financial Services
IndustryBanks - Regional
Full Time Employees3,260

Key Executives

NameTitlePayExercisedYear Born
Mr. Kenneth A. VecchioneCEO, President & Director3.39MN/A1954
Mr. Dale M. GibbonsVice Chairman, Executive VP & CFO1.72MN/A1960
Mr. Timothy W. BootheChief Operating Officer882.1kN/A1966
Mr. Timothy R. BrucknerChief Banking Officer of Regional Banking911.53kN/A1969
Mr. Stephen R. CurleyChief Banking Officer for National Business Lines & President for Alliance Association Bank935.89kN/A1971
Mr. James Kelly Ardrey Jr., CPASenior VP & Chief Accounting OfficerN/AN/A1968
Paulina WooSenior Director of Treasury Management, Corporate Finance, Public & Non-profit FinanceN/AN/AN/A
Mr. Jeff SemonovichChief Information OfficerN/AN/AN/A
Mr. Miles PondelikDirector of Investor Relations & Corporate DevelopmentN/AN/AN/A
Ms. Jessica H. JarviChief Legal OfficerN/AN/AN/A
Amounts are as of December 31, 2022 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates through Commercial and Consumer Related segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; demand deposits; and treasury management and residential mortgage products and services. It also provides commercial and industrial loan products, such as working capital lines of credit, loans to technology companies, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties; construction and land development loans for single family and multi-family residential projects, industrial/warehouse properties, office buildings, retail centers, medical office facilities, and residential lot developments; and consumer loans. In addition, the company provides other financial services, such as internet banking, wire transfers, electronic bill payment and presentment, funds transfer and other digital payment offerings, lock box services, courier, and cash management services. Further, the company holds certain investment securities, municipal and non-profit loans, and leases; invests primarily in low-income housing tax credits and small business investment corporations; and holds certain real estate loans and related securities. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.

Corporate Governance

Western Alliance Bancorporation’s ISS Governance QualityScore as of March 1, 2024 is 1. The pillar scores are Audit: 1; Board: 3; Shareholder Rights: 3; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.