Western Alliance Bank offers specialized banking for law firms, claims administrators and related businesses managing class action, mass tort and bankruptcy settlements. We bring you years of expertise in supporting all phases of the settlement process from escrow through distribution with a single point of contact. Our committed team offers a highly personalized banking experience with a focus on exceptional service, flexibility and responsiveness.
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Francesca Castagnola -
Dana Rager -
Sondra Monroe -
Brett Wilmot -
Darin Zabriskie -
Randy McPhail
Senior Managing Director
Senior Vice President
Vice President
Our expert team of settlement services relationship bankers offers specialized solutions including:
- • Escrow depository agent
- • Qualified settlement fund (QSF) banking
- • General litigation settlement fund banking
- • Bankruptcy receiverships and court appointed monitorships
- • Simple to complex attorney-focused fiduciary accounts
- • Full-service banking including operating and IOLTA accounts, and financing1 for working capital and case costs
- • Money market accounts2
- • Custom-tailored treasury management services
- • Streamlined account opening process
- • Same-day turnaround time for new accounts following initial setup phase
Our committed team provides a highly personalized and transparent banking experience with exceptional service, honesty, integrity and flexibility.
1. All offers of credit are subject to credit approval.
2. Withdrawal transaction limits apply. Refer to disclosures provided at account opening and the Schedule of Fees and Charges for additional information.
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- Distribution Phase Solutions
- Escrow Phase Solutions
- Broader Banking Solutions
- Select Cases We've Supported
- Reporting tools tailored for various accounting software
- Fraud protection
- Master agreements simplifying setups
- Direct relationships with law firm and claims administrator
- Wide range of payment options available
- Variety of federally guaranteed deposit and investment options
- Customized product suite
- Competitive interest rates and fee structure
- Master agreements simplifying setups
- Direct relationship with co-counsel
Western Alliance Bank is a full-service financial institution for law firms and claims administrators, with a specialty in banking of qualified settlement and other litigation funds. We offer a full suite of customizable business banking products and solutions for the legal profession, including lending, deposit and treasury management, all designed to respond to your needs and timelines.
- $20 million business code violation settlement distributed to 1 million claimants
- $1 billion criminal/civil pharma settlement distributed to 225,000 claimants
- $1.6 billion securities class action distributed to 35,000 claimants
- $408.5 million antitrust settlement distributed to 250,000 claimants
- $135 million employment law violation settlement distributed to 8,000 claimants
- $1.025 billion securities fraud to be distributed to claimants in 2021
Recognized as industry thought leaders, our Settlement Services team hosts an Annual Class Action Law Forum and develops continuing education resources including webinars and insights articles on various key industry topics.
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Research Finds Support for Rule 23 AmendmentsLEARN MORE
According to a new research report by Western Alliance Bank’s Settlement Services group, judges, class action attorneys and claims administrators broadly agree: The 2018 amendments to Federal Rule of Civil Procedure 23 significantly improved the class action litigation process.
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2020 Class Action Law Forum Key TakeawaysLEARN MORE
The 2020 Class Action Law Forum, presented by Western Alliance Bank, included discussions which covered the full spectrum of class action topics and was punctuated by riveting keynotes.
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As Data Breaches Proliferate, Class Action Law Hustles to Keep PaceLEARN MORE
Even before the COVID-19 outbreak, the proliferation of data breaches had left few businesses untouched, forcing the legal system to grapple with a new type of class action.
Western Alliance Settlement Services, a national banking group within Western Alliance Bank, Member FDIC, specializes in banking for law firms, claims administrators and related businesses managing class action, mass tort and bankruptcy settlements. This team of expert bankers brings clients years of experience and offers exceptional service in supporting all phases of the settlement process, from escrow to distribution, with a single point of contact. Western Alliance Bank is the primary subsidiary of Phoenix-based Western Alliance Bancorporation, with approximately $50 billion in assets. The bank is again #1 best-performing of the 50 largest public U.S. banks in the new S&P Global Market Intelligence listing for 2020 and ranks high on the Forbes “Best Banks in America” list year after year. Serving clients across the country wherever business happens, Western Alliance Bank operates individually branded, full-service banking divisions and has offices in key markets nationwide.