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WAL LATEST HEADLINES
PHOENIX--(BUSINESS WIRE)--Western Alliance Bank today announced the grand opening of Serenity, a new residential project in South Los Angeles, supported in part by construction-to-permanent financing provided by Western Alliance's Affordable Housing Finance Group in partnership with R4 Capital Funding. Western Alliance invested $22.2 million in tax-exempt and taxable construction-to-permanent multifamily housing revenue bonds to finance the affordable, age-restricted, mixed-use residential proj.
PHOENIX--(BUSINESS WIRE)--Western Alliance Trust Company, N.A., today announced that Antonio Portuondo has joined the organization to lead its Municipal Corporate Trust initiative. Portuondo brings 26 years of experience in corporate trust and public finance, encompassing both client relationships and regulatory expertise. For the past nine years, he was president and chairperson of the Board at The Bank of New York Mellon Trust Company, N.A., a wholly owned subsidiary of BNY Mellon, where he o.
Western Alliance Bancorporation's WAL push toward the $100 billion asset mark — powered by six deposit initiatives hitting an "inflection point" — has JPMorgan more bullish.
PHOENIX--(BUSINESS WIRE)--Western Alliance Bank has teamed with Federal Home Loan Bank of San Francisco (FHLBank San Francisco) to deliver a $1.25 million Affordable Housing Program (AHP) Nevada Targeted Fund grant to the Blind Center of Nevada to create 100 units of supportive housing in downtown Las Vegas. Western Alliance Bank successfully supported the Blind Center of Nevada's Visions Park project in securing the maximum grant funding available from FHLBank San Francisco's 2025 AHP Nevada T.
Western Alliance Bancorporation is a fundamentally sound regional bank with consistent loan, deposit, and net interest income growth. Concerns over WAL's commercial real estate exposure are overblown due to conservative underwriting, strong sponsors, and suburban loan concentration. WAL trades at a significant discount to peers on both price-to-tangible book value and price-to-earnings, offering 20% upside potential.
PHOENIX--(BUSINESS WIRE)--Western Alliance Bank today announced, in collaboration with the Federal Home Loan Bank of San Francisco (FHLBank San Francisco), an $800,000 grant awarded to the Yavapai-Apache Nation to support capacity building for affordable housing development. This grant funding will support Yavapai-Apache Nation Tribal Housing (YANTH)'s construction of Yavapai-Apache Homes IX. This 38-unit new construction project offers a mix of two-bedroom duplexes and three- and four-bedroom.
Western Alliance delivered solid Q2 results last week, with double-digit earnings growth and robust increases in both deposits and loans. The lender's net interest income surged 7.2% quarter-over-quarter, driven by a favorable interest rate environment and higher interest-generating assets. Western Alliance's shares trade below the 5-year average price-to-book ratio, making them attractively valued.
Western Alliance Bancorporation WAL reported better-than-expected earnings for the second quarter on Friday.
Western Alliance Bancorporation (NYSE:WAL ) Q2 2025 Earnings Conference Call July 18, 2025 12:00 PM ET Company Participants Dale M. Gibbons - Vice Chairman & CFO Kenneth A.