PHOENIX--(BUSINESS WIRE)--
Western Alliance Bancorporation (NYSE: WAL) today announced that Keefe,
Bruyette & Woods, Inc. (KBW) has added Western Alliance Bancorporation
to its KBW Nasdaq Regional Banking Index (Index Ticker: KRX, ETF Ticker:
KBWR) as part of an index rebalancing for first quarter of 2016.
Per KBW, the change will be effective prior to the opening of business
on Monday, March 21, 2016.
“We are very pleased to join the KBW Nasdaq Regional Banking Index,”
said Robert Sarver, Chairman and Chief Executive Officer, Western
Alliance Bancorporation. “This positive development reflects our
company’s outstanding performance, including consistent growth in assets
and market capitalization. It follows Western Alliance’s record-setting
year in 2015, which was marked by record revenue, earnings, loan and
deposit levels.”
Western Alliance is one of the largest banking companies in the country,
ranking in the top 1% in asset size, with a market capitalization of
$3.7 billion at year-end 2015.
About Western Alliance Bancorporation
With $14 billion in assets, top-performing 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, 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160315005497/en/
Western Alliance Bancorporation
Media:
Robyn Young,
602-346-7352
SVP, Director of Marketing & Communications
Investors:
Dale
Gibbons, 602-952-5476
Chief Financial Officer
Source: Western Alliance Bancorporation