News/Press Room

Alliance Bank of Arizona celebrates 4-year anniversary

February 7, 2006

PHOENIX – Alliance Bank of Arizona marked its four-year anniversary this week as the fastest-growing new bank out of more than 100 banks chartered in the United States in 2003, ending 2006 with total assets of $646 million, deposits of $552 million and loans outstanding of $509 million.

Alliance Bank President and CEO Jim Lundy attributes the bank’s exceptional growth to the strong group of bankers Alliance has assembled and the loyal following they have developed over many years among Arizona’s business owners and professionals.

“This great team of bankers, with their loyal customers and combined with a strong Arizona economy, have enabled us to open nine offices and surpass $500 million in both loans and deposits in under four years - which is a remarkable feat,” said Lundy.

In February 2003, Alliance Bank opened its first office in Phoenix with $28 million in assets. The following month, the bank opened its first Tucson office. Today, Alliance Bank has nine statewide offices in Phoenix (4), Tucson (3), and one each in Scottsdale and Sedona. The bank now has 140 employees. Alliance will continue its pattern of growth in 2007 with new offices scheduled to open in Flagstaff (March), Tucson (May) and its first East Valley location in Mesa (3rd Quarter).

During its first four years, Alliance Bank has received Preferred Lender status (PLP) with the Small Business Administration (SBA). The bank was named the SBA Community Lender of the Year in 2006 by the Arizona Small Business Administration District Office. Alliance Bank also ranked No. 1 in Arizona during 2005 for the most jobs created/retained per SBA loan.

Alliance Bank is a “super community” commercial bank with local decision-making, focused on Arizona’s business, professional and real estate development community, along with individuals seeking personalized banking service. For more information, visit the Alliance Bank of Arizona web site at alliancebankofarizona.com.

Alliance Bank of Arizona is a subsidiary of Western Alliance Bancorporation, which began public trading on the New York Stock Exchange (NYSE) on June 30, 2005 under the symbol “WAL.” Western Alliance ranks as one of the most rapidly growing bank holding companies in the United States, with assets of $4 billion and offices in Las Vegas, Reno, San Diego, Oakland-East Bay, Phoenix, Tucson and Sedona.

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