TUCSON, Ariz. - Alliance Bank of Arizona President and CEO Jim Lundy announced this week that Tucson native William (Bill) Clay has joined the bank as Executive Vice President and Tucson Region Manager.
"Alliance Bank is very fortunate that Bill Clay wanted to return to his hometown to lead Alliance Bank's continued growth and success in Tucson," said Lundy. "He (Clay) joins a distinguished group of Alliance bankers and board members in the Tucson community. We're proud of what we've accomplished in Tucson in four short years and are excited about the future with Bill at the helm."
As Executive Vice President in charge of the Tucson region for Alliance Bank, Clay will oversee the day-to-day lending and operations for the bank in Southern Arizona. A veteran banker with more than 32 years of experience, Clay returns to Tucson after spending the past several years in Houston with Chase (Bank One) where he directed commercial real estate lending for the Southern and Gulf Coast regions.
A native of Tucson and graduate of the University of Arizona where he received a B.S. in Business, Clay has been a familiar face in Tucson banking community. He spent more than a decade with Valley National Bank (subsequently Bank One and Chase Bank) as head of real estate and subsequently all commercial lending in Southern Arizona. He also spent several years early in his career with Southwest Savings and Loan managing real estate lending in Tucson.
Founded in 2003, Alliance Bank has quickly become one of the fastest-growing banks in the nation with total assets of more than $717 million, total deposits of $630 million and total loans of $516 million (as of 5/31/07). 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.