Western Alliance to Share Tax Benefits

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  • By Western Alliance
  • Dec 20, 2017

With upcoming changes to the tax plan, analysts widely expect banks to see stronger financial performance in 2018. Western Alliance Bancorporation Chairman and CEO, Robert Sarver, spoke with the Wall Street Journal about how Western Alliance employees and customers will benefit.

The bank’s 1,700 employees can expect to see increases in compensation and benefits in the year ahead—particularly those earning $75,000 a year or less.

Customers stand to benefit from the changes as well, with lending capacity expected to increase as a result of stronger performance.

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With more than $25 billion in assets, Western Alliance Bancorporation (NYSE:WAL) is one of the country’s top-performing banking companies. The company has ranked in the top 10 on the Forbes “Best Banks in America” list for five consecutive years, 2016-2020, and was named #1 best-performing of the 50 largest public U.S. banks for 2019 by S&P Global Market Intelligence. Its primary subsidiary, Western Alliance Bank, Member FDIC, helps business clients realize their ambitions with local teams of experienced bankers who deliver superior service and a full spectrum of customized loan, deposit and treasury management capabilities. Business clients also benefit from a powerful array of specialized financial services that provide strong expertise and tailored solutions for a wide variety of industries and sectors. A national presence with a regional footprint, Western Alliance Bank operates individually branded, full-service banking divisions and has offices in key markets nationwide.