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Alliance Bank announces 3rd Quarter milestones

Four-year old bank surpasses $800 million in total assets

PHOENIX — Alliance Bank of Arizona President and CEO Jim Lundy announced the bank’s 3rd Quarter milestones this week, including the bank’s recent achievement of $800 million in total assets, total deposits of $630 million and total loans of $562 million.

"I’m extremely pleased with the continued growth of Alliance Bank," said Lundy. "For a bank not yet five years old, this accomplishment is proof of the expertise our bankers deliver each day for our clients." The $800 million mark in total assets is an increase of more than $157 million since year-end 2006. The bank’s growth during the third quarter was highlighted by exceptional loan growth of some $38 million to $562 million in total loans.

In addition to its asset and loan growth, Alliance Bank of Arizona will also increase its office locations next week with the opening of the bank’s new Mesa office in the East Valley. It will be Alliance Bank’s 11th statewide location and its sixth Metro Phoenix office.

Founded in 2003, Alliance Bank has quickly become one of the fastest-growing banks in the nation. 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 $5 billion and offices in Las Vegas, Reno, San Diego, Oakland, Phoenix, Tucson, Sedona and Flagstaff.

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