Western Alliance Bancorporation (NYSE: WAL), has earned multiple accolades in Bank Director’s 2019 RankingBanking study, released this week.
In addition to ranking in the top five banking companies in the West region, Western Alliance also ranked #1 overall in the Best M&A Strategy category, and #1 in the West in the Best Commercial Lending Strategy and Best Core Deposit Strategy categories. Additional categories in which Western Alliance was ranked among the top five include Best Corporate Citizen and Best Board, among others.
“We are pleased Bank Director named Western Alliance among the top banks for 2019 in a variety of important categories,” said Ken Vecchione, Chief Executive Officer, Western Alliance Bancorporation. “We strive to add value to our customers, employees, investors and all stakeholders – and it is gratifying to earn recognition from bank industry observers, including being named #2 this year on the annual Forbes ‘Best Banks in America’ list.”
Per the publication, Bank Director’s annual RankingBanking study is a multi-layered project that examines areas important to the industry to uncover strengths of banks that are influencing the future of the financial sector. The ranking includes more than 60 data points to determine the best bank in each region – and the best overall – across 10 key categories.
According to its website, Bank Director has been an information resource to the financial community since 1991, focusing on the strategic issues most fundamental to a bank's CEO, senior leadership team, chairman and independent directors.