PHOENIX-- Western Alliance Bank, including its Arizona banking division, Alliance Bank of Arizona, has moved up to #4 in deposits across the state of Arizona from its 6th position last year, according to newly released data from the Federal Deposit Insurance Corporation. The bank is part of top-performing Western Alliance Bancorporation (NYSE:WAL).
Western Alliance Bank also maintained its #4 ranking in deposits for the state’s largest market, Maricopa County.
The new FDIC rankings were released Sept. 30, 2016, and reflect deposits as of June 30 of this year. According to the FDIC deposits survey, Western Alliance Bank had $5.3 billion in deposits across Arizona markets, with a 4.65% market share; in Maricopa County, the bank had $4.6 billion in deposits and a 5.5% market share.
“These strong deposit rankings demonstrate the value we place on true relationship banking,” said Robert Sarver, Chairman and CEO, Western Alliance Bancorporation. “Our business clients look to us for real responsiveness and expertise in their markets and industries, and all of this is building our presence in Arizona and across the U.S.”
About Western Alliance Bancorporation
With more than $16 billion in assets, Western Alliance Bancorporation (NYSE:WAL) is one of the fastest-growing bank holding companies in the U.S. and recognized as #10 on the Forbes 2016 “Best Banks in America” list. Its primary subsidiary, Western Alliance Bank, is the go-to bank for business and succeeds with local teams of experienced bankers who deliver superior service and a full spectrum of deposit, lending, treasury management, international banking and online banking products and services. Western Alliance Bank operates full-service banking divisions: Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank. The bank also serves business customers through a robust national platform of specialized financial services including Corporate Finance, Equity Fund Resources, Hotel Franchise Finance, Life Sciences Group, Mortgage Warehouse Lending, Public and Nonprofit Finance, Renewable Resource Group, Resort Finance, Technology Finance and Alliance Association Bank. For more information, visit westernalliancebancorporation.com.
About Alliance Bank of Arizona
Alliance Bank of Arizona is a division of Western Alliance Bank, Member FDIC, the go-to bank for business in its growing markets. Founded in 2003 by Arizona natives Robert Sarver, James Lundy and other local banking experts, Alliance Bank of Arizona offers a full spectrum of deposit, lending, treasury management, international banking and online banking products and services, plus superior service to meet the needs of local businesses. With 10 offices in Greater Phoenix, Tucson, Sedona and Flagstaff, along with Western Alliance Bank’s robust national platform of specialized financial services, the banking division is a valued partner for Arizona’s business, real estate, professional, municipal and nonprofit communities. Western Alliance Bank is the primary subsidiary of Phoenix-based Western Alliance Bancorporation. With more than $16 billion in assets, Western Alliance Bancorporation (NYSE: WAL) is one of the fastest-growing bank holding companies in the U.S. and recognized as #10 on the Forbes 2016 “Best Banks in America” list. For more information, visit www.alliancebankofarizona.com.