News/Press Room

Alliance Bank names Zito executive vice president

May 21, 2007

PHOENIX – Alliance Bank of Arizona President and CEO Jim Lundy announced this week the promotion of Ed Zito to executive vice president for the bank.

“Ed’s contributions to Alliance Bank and to our state have been tremendous,” said Lundy. “His leadership and expertise continue to benefit the clients of Alliance Bank and his efforts in technology, business and education have been invaluable to our community.”

Earlier this month, Zito was one of three individuals nominated by Governor Janet Napolitano for the Distinguished Service Award to state government.

Zito joined Alliance Bank of Arizona in 2003 as senior vice president over statewide corporate banking.

He currently serves as chairman of the bank’s Assets & Liability Committee and provides executive oversight for Alliance Bank’s Treasury Management and Marketing teams. Zito has more than 25 years of experience in commercial and investment banking in Arizona. Prior to relocating to Arizona in 1981, he served in bank regulatory positions with the U.S. Treasury Department in New York and Washington D.C.

Zito’s philanthropic and civic work includes chairing the board of Social Ventures Partnership Arizona and leading the Governor’s Council on Innovation and Technology. He has also serves on the board of the Flinn Foundation Bioscience Steering Committee and previously served on the boards of Arizona Multibank, Enterprise Network and the Central Arizona Project Association. Zito has also been actively involved with Xavier College Prep, having served as past president of the Xavier Foundation, the Foundation Endowment Advisory Board, the School Advisory Board and was recently appointed to the Xavier Board of Trustees. He holds a master’s degree in Public Administration from the University of Southern California and a bachelor’s degree in economics from Rutgers University.

Founded in 2003 in Phoenix, Alliance Bank has quickly become one of the fastest-growing banks in the nation with total assets of more than $710 million, total deposits of $622 million and total loans of $514 million (as of 4/30/07). Alliance Bank is a super community business 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 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 $4.7 billion and offices in Las Vegas, Reno, San Diego, Oakland, Phoenix, Tucson, Sedona and Flagstaff.

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