Popular on Rezul
- Patton Racks Up Another World-class VoIP Industry Certification with Zoom Phone System
- SnappyFlow Launches Startup Accelerator Program
- FlightsInStilettos Commemorates Black Women in Aviation
- Latest research shows Australians still not getting annual skin checks with a Health Professional
- Approved! Medical Class VI certification for Natron SE-F silicone ink
- NSD Partners Arranges $68.8 Million Financing of 272-unit Multifamily Asset in Florida
- Counsel from Irell & Manella LLP, Sandoz and Bristol Myers Squib to Chair ACI's Paragraph IV Disputes this April in NYC
- $22.5M Heartwood Ranch is a Sanctuary for Wildlife and an Architectural Inspiration
- HBR Colorado Offers Comprehensive Solutions for Inherited Home Sellers
- Luxury Presence Announces New Chief Customer Officer
Similar on Rezul
- Sherry Orel Joins STS Capital Partners
- Matt Fogelgren to Join Cleartelligence Executive Team as Chief Revenue Officer
- Orbex Introduces Double Profits for New Traders
- Quotehunt.co.uk: Revolutionising the UK B2B Market with Comprehensive Comparison Services for Small Businesses
- Jennifer S. Wilkov Finalizes Lineup for the 2023 April Speak Up Women Conference
- Doug Brownridge Joins STS Capital Partners
- Cash Depot Appoints Tony Gaines as Chief Revenue Officer and Brand Ambassador
- Eddie Turner is Recognized as the #9 Motivational Speaker in the World By Global Gurus!
- Wohler releases out-of-band configuration tools for Riedel 2110 SFP's
- Levinger Regens Announces New Initiative to Improve Hydrogen Carbon Intensity
Western Alliance Bank Provides End of Week Update
Rezul News/10622300
PHOENIX ~ Western Alliance Bancorporation (NYSE: WAL) and its primary subsidiary, Western Alliance Bank, have issued a statement reaffirming their financial strength. As of March 16, 2023, the bank had immediately available liquidity of over $20 billion and insured deposits represented more than 55% of total deposits.
The bank highlighted two critical strengths that position it well in the current environment: a strong capital base and a diversified deposit base. Western Alliance Bank's CET1 ratio was 9.3% as of year-end 2022 and unrealized losses on its held-to-maturity and available-for-sale investment portfolios totaled $1.1 billion. The bank also serves a highly diverse national and regional commercial customer base, representing a broad range of industries, client types, and geographies. Deposits within the Technology & Innovation group, which has been disproportionally impacted by recent market turbulence, represented less than 8% of total deposits as of March 16th.
More on Rezul News
Kenneth A. Vecchione, President and CEO of Western Alliance Bank commented on the situation saying "We have a long history of financial stability and responsible, cautious risk management. These sound fundamentals have served us well over the past week." He also noted the message from banking agencies, government officials and industry leaders expressing their confidence in the banking system and commitment to protecting depositors at impacted institutions.
Western Alliance Bancorporation is one of the country's top-performing banking companies with more than $65 billion in assets. It offers clients a full spectrum of tailored banking solutions delivered by industry experts who put customers first. The company was ranked #1 top-performing large bank with assets greater than $50 billion in 2021 by both American Banker and Bank Director.
The bank highlighted two critical strengths that position it well in the current environment: a strong capital base and a diversified deposit base. Western Alliance Bank's CET1 ratio was 9.3% as of year-end 2022 and unrealized losses on its held-to-maturity and available-for-sale investment portfolios totaled $1.1 billion. The bank also serves a highly diverse national and regional commercial customer base, representing a broad range of industries, client types, and geographies. Deposits within the Technology & Innovation group, which has been disproportionally impacted by recent market turbulence, represented less than 8% of total deposits as of March 16th.
More on Rezul News
- HBR Colorado Hosts House Flipping Event For Denver Real Estate Investors
- Waterleaf International, LLC Announces Hiring of Chief Sales Officer
- EVERWILD Returns To Legend Valley With Lineup Featuring Pepper, Bone Thugs-N-Harmony, and host band Tropidelic
- World's First AI-Generated Satirical News Website Launches, Outperforms Humans in Humor and Intelligence
- Genie Script: 20 Word Script by Wesley Virgin
Kenneth A. Vecchione, President and CEO of Western Alliance Bank commented on the situation saying "We have a long history of financial stability and responsible, cautious risk management. These sound fundamentals have served us well over the past week." He also noted the message from banking agencies, government officials and industry leaders expressing their confidence in the banking system and commitment to protecting depositors at impacted institutions.
Western Alliance Bancorporation is one of the country's top-performing banking companies with more than $65 billion in assets. It offers clients a full spectrum of tailored banking solutions delivered by industry experts who put customers first. The company was ranked #1 top-performing large bank with assets greater than $50 billion in 2021 by both American Banker and Bank Director.
Filed Under: Business
0 Comments
Latest on Rezul News
- The House Advantage: Why Buying a Home is A Sound Decision Now
- Propy Inc. Holds Firm on Support of Blockchain and Crypto Communities
- HBR Colorado Launches A Real Estate Investing Event In Denver
- Protecting and enhancing wildlife populations could be a global warming game changer
- Hai Robotics Wins Innovation Award for Existing Product at Promat 2023
- Real Estate Expert Giacomo Sinisgalli Announces Release of Selling Real Estate At Auction
- 2023 National Farmworker Awareness Week
- ProActive Commercial Lending Group Launches Financial Product for Equipment Leasing
- Orbex Introduces Double Profits for New Traders
- Quotehunt.co.uk: Revolutionising the UK B2B Market with Comprehensive Comparison Services for Small Businesses
- Dr. Kelli Ward and Martha Boneta Fain join the advisory board of Legacy PAC , a partner of Veterans for Trump
- 2023 Employee Handbook Templates Now Available
- Mercy Street to Host the Largest Opening Day Event in the Organization's 20 Year History
- The Nashville International Chopin Piano Competition Announces the Alexei Sultanov Memorial Discovery Prize
- Kobie Voted a Top Workplace USA
- Aquia Inc. Joins the AWS Partner Network and the AWS Public Sector Partner Program
- Perfect Body Laser and Aesthetics ® Offers Tetra CoolPeel Co2 Laser Skin Resurfacing
- Databloom's Blossom Achieves Faster and More Efficient Big Data Analytics
- HBR Colorado Offers Fast and Convenient Solutions for Homeowners Looking to Sell Their Properties in
- Your Home Sold Guaranteed Realty of Florida Announces Backstage Pass Tour Hosted by Rick Kendrick