News/Press Room

Governor reappoints Solot to State Land Appeals Board

Aug. 26, 2008

Alliance Bank of Arizona President and CEO Jim Lundy announced this week that Sanders (Sonny) Solot has been reappointed as a board member of the State Land Department's Board of Appeals by Arizona Governor Janet Napolitano.

"Sonny (Solot) has been a respected member of the real estate and appraisal community of Tucson for over five decades," said Lundy. "His experience is a great asset to Alliance Bank of Arizona and also to the State Land Department Board of Appeals. Sonny is the consummate professional."

Solot's first appointment to the State Land Department Board of Appeals was in 2001 by former Arizona Governor Jane Dee Hull. Prior to that, he served on the Arizona Board of Appraisal for three years.

Solot joined Alliance Bank of Arizona in 2005 as vice president and is the bank's chief real estate appraiser. He has more than 50 years of real estate appraisal experience in Tucson. He began his career at the age of 16 working for his father's real estate company. Solot is a native of Tucson and graduated from Tucson High School and the University of Arizona. He also served in the United States Navy.

The State Land Department Board of Appeals consists of five board members selected by the Governor and confirmed by the Senate for six-year terms. Solot represents the First District consisting of Pima, Santa Cruz, Cochise, Graham and Greenlee Counties.

Founded in 2003, Alliance Bank has quickly become one of the fastest-growing banks in the U.S. with total assets of $800 million, total deposits of $657 million and total loans of $610 million (as of 6/30/08). Alliance Bank is a "super community" commercial bank with local decision-making, focused on Arizona's business and professional community, along with individuals seeking personalized banking service. Alliance Bank now has 11 offices statewide including Phoenix, Scottsdale, Mesa, Tucson, Flagstaff and Sedona. 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, one of the largest regional bank holding companies in the country with more than $5 billion in assets.

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