Talk:Western Alliance Bancorporation

WAL is involved in volatility due to the March 2023 banking failures
During this time we should try to preserve some of the history by adding additional references, archiving pages of relevance and linking them to the perspective article pages. Beautato (talk) 06:00, 14 March 2023 (UTC)

•	Remove: “Robert Sarver, Chairman” – Bruce Beach is now in that role. •	Correct spelling: “Kenneth Vecchionem” should be “Kenneth A. Vecchione” – his full title is President and Chief Executive Officer. •	Add “& Vice Chairman” to “Dale Gibbons, CFO” – It should read “Dale Gibbons, Vice Chairman and CFO” •	Add “Timothy Boothe, Chief Operating Officer” •	Add “Tim R. Bruckner, Chief Credit Officer”''': ''':
 * Western Alliance Bancorporation’s key people section is incorrect.:

Lbrinkman17 (talk) 21:37, 5 May 2023 (UTC)

Reply 27-JUN-2023
Spintendo 01:14, 28 June 2023 (UTC)

Overview
COI disclosure: I am an external contractor to Western Alliance Bancorporation's corporate communications/marketing department.

Western Alliance Bancorporation is a regional bank holding company headquartered in Phoenix. It is on the list of largest banks in the United States and is ranked 42nd on the Forbes list of America's Best Banks.

''-- this should be updated to read "ranked 13th on the Forbes list of America's Best Banks in 2023." The 42nd number is outdated, and the number changes every year, so more specificity is required. The citation remains the same.'' https://www.forbes.com/companies/western-alliance-bancorp/?sh=398e39d96875#:~:text=%2313,Banks%20(2023)

-- suggest adding a sentence: "It was ranked the #1 best-performing bank with assets greater than $50 billion by American Banker for 2021 and 2022 and #2 among the best banks with assets of $50 billion-plus in Bank Director's 2023 RankingBanking Study."

References:

https://www.americanbanker.com/list/counting-down-the-top-performing-banks-over-50b-of-assets

https://www.americanbanker.com/list/the-10-top-performing-banks-with-over-50b-of-assets

https://www.bankdirector.com/wp-content/uploads/50B-and-Above-Ranking.pdf

The company's banking subsidiaries include Alliance Association Bank, a commercial bank specializing in homeowner associations in Arizona; Alliance Bank of Arizona, a retail bank; Bank of Nevada, a retail bank in Clark County, Nevada; Bridge Bank, a commercial bank in the San Francisco Bay Area with loan production offices in nine states; First Independent Bank, a retail bank in western Nevada, and Torrey Pines Bank, a retail bank in Southern California. Western Alliance also owns AmeriHome Mortgage, a mortgage loan company.

This paragraph requires a few updates for accuracy:

''1. "Alliance Association Bank, a commercial bank specializing in homeowner associations in Arizona" -- should remove "in Arizona." AAB is headquartered in Arizona but works with associations nationwide. https://www.westernalliancebancorporation.com/alliance-association-bank/about-us''

''2. Western Alliance Bank and all of its divisions are commercial banks, not retail banks -- serving primarily small businesses and commercial enterprises, with limited consumer products. https://www.westernalliancebancorporation.com/''

3. The bank listings should be updated to: "The company's banking subsidiaries divisions include Alliance Association Bank, a commercial bank specializing in homeowner associations in Arizona ; Alliance Bank of Arizona, a retail bank ; Bank of Nevada, a retail bank based in Las Vegas, Nevada Clark County, Nevada ; Bridge Bank, a commercial bank in the San Francisco Bay Area with loan production offices in nine states; First Independent Bank, a retail bank based in western Reno, Nevada, and Torrey Pines Bank, a retail bank based in Southern California. Western Alliance Bank's other subsidiaries include also owns AmeriHome Mortgage, a mortgage loan company, and Western Alliance Trust Company.

''-- Western Alliance Trust Company was added about a year ago. https://pages.westernalliancetrust.com/corporate-trust-services/''

Donasks (talk) 19:43, 29 November 2023 (UTC)

March 2023 United States bank failures
COI disclosure: I am an external contractor to Western Alliance Bancorporation's corporate communications/marketing department.

Recommend revising this title to "2023 United States banking crisis" to align with the name of the Wikipedia page on those events (2023 United States banking crisis), which extended beyond the handful of bank failures. Donasks (talk) 19:47, 29 November 2023 (UTC)

This edit would also clarify that Western Alliance Bank did not fail during the crisis. — Preceding unsigned comment added by Donasks (talk • contribs) 21:16, 29 November 2023 (UTC)

March 2023 United States bank failures
COI disclosure: I am an external contractor to Western Alliance Bancorporation's corporate communications/marketing department.

''In addition to the existing copy, this section (which we recommend updating as noted above) could use some updates to address events beyond March 2023 and clarify that Western Alliance Bank did not fail as a result of the industry events. Suggested revision/addition:''

During the 2023 United States banking crisis, Western Alliance Bancorporation share price initially fell 82% before trading was halted on March 13, 2023. By late March 2023, shares had regained 32% of their value, and within six months were at 68% of their pre-crisis level. The bank attracted $3.5 billion in new deposits during the second quarter (https://www.nytimes.com/2023/07/26/business/regional-banks.html#:~:text=Phoenix%2Dbased%20Western%20Alliance%20attracted%20%243.5%20billion%20in%20new%20deposits%20during%20the%20second%20quarter.%20Overall%2C%20according%20to%20Sayee%20Srinivasan%2C%20the%20American%20Bankers%20Association%E2%80%99s%20chief%20economist%2C%20midsize%20banks%20either%20saw%20their%20deposits%20grow%20during%20the%20second%20quarter%20or%20held%20them%20steady.) and by late 2023, Western Alliance Bank was cited as offering strong value among bank stocks. (https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/western-alliance-lands-atop-cheaply-valued-bank-stocks-list-as-of-mid-september-77540020, https://www.marketwatch.com/story/kbw-spotlights-east-west-bancorp-webster-bank-and-western-alliance-as-offering-growth-and-value-in-tough-year-for-bank-stocks-5bf996e6)

''Additionally, the stock price graphic on the page does not appear to be updating correctly. As of today (11/29/2023), the graphic appears that WAL stock is at just over $40/share, when in reality it is currently trading at nearly $52/share.'' https://finance.yahoo.com/chart/WAL

References:

https://fortune.com/2023/03/13/markets-investor-bank-run-trading-halts-regional-lenders-silicon-valley-bank/

https://www.nyse.com/quote/XNYS:WAL (viewing "Historic Prices" chart for the past year)

- Close on 3/8/23: $71.56

- Low on 3/13/23: $7.46

- Close on 3/30/23: $35.91

- Close on 9/15/23: $48.62

https://www.wsj.com/livecoverage/stock-market-news-today-03-10-2023/card/bank-stocks-halted-amid-selloff-0hEyaXecb4xJQJl3rPpP

https://www.reuters.com/business/finance/western-alliance-stocks-surge-results-allay-deposit-fears-2023-04-19/

https://www.cnn.com/2023/05/17/business/bank-stocks-western/index.html

https://www.fool.com/investing/2023/07/23/western-alliance-has-moved-on-from-the-regional-ba/

https://www.bnnbloomberg.ca/western-alliance-jumps-after-deposits-beat-estimates-1.1987063

Donasks (talk) 20:44, 29 November 2023 (UTC)