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Western Alliance Bancorporation (WAL)

NYSE - Nasdaq Real-time price. Currency in USD
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89.16-1.74 (-1.91%)
At close: 4:00PM EDT
89.29 +0.13 (0.14%)
After hours: 04:26PM EDT

Western Alliance Bancorporation

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

Sector(s)Financial Services
IndustryBanks—Regional
Full-time employees1,947

Key executives

NameTitlePayExercisedYear born
Mr. Robert Gary SarverExec. Chairman2.59MN/A1961
Mr. Kenneth A. VecchioneCEO, Pres & Director3.87MN/A1954
Mr. Dale M. GibbonsVice Chairman, Exec. VP & CFO2.06MN/A1960
Mr. Timothy W. BootheChief Operating Officer992.91kN/A1966
Mr. Randall S. TheisenGen. Counsel & Sec.978.14kN/A1958
Mr. James Kelly Ardrey Jr.Sr. VP & Chief Accounting OfficerN/AN/A1968
Mr. Jeff SemonovichChief Information OfficerN/AN/AN/A
Ms. Robyn YoungExec. VP & Chief Marketing OfficerN/AN/AN/A
Ms. Barbara J. KennedyChief Human Resource OfficerN/AN/A1967
Mr. Robert R. McAuslanExec. VPN/AN/A1948
Amounts are as of 31 December 2020, and compensation values are for the last fiscal year ending on that date. Pay includes 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 in two segments, Commercial and Consumer Related. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; and treasury management and residential mortgage products and services. It also offers commercial and industrial loan products, such as working capital lines of credit, 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, lock box services, courier, and cash management services. Further, it 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. The company operates 38 branch locations, as well as loan production offices. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.

Corporate governance

Western Alliance Bancorporation’s ISS governance QualityScore as of 1 June 2021 is 3. The pillar scores are Audit: 3; Board: 4; Shareholder rights: 4; Compensation: 3.

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 10 indicates higher governance risk.