PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation (NYSE: WAL) today announced that Keefe, Bruyette & Woods, Inc. (KBW) has added Western Alliance Bancorporation to its KBW Nasdaq Regional Banking Index (Index Ticker: KRX, ETF Ticker: KBWR) as part of an index rebalancing for first quarter of 2016.
Per KBW, the change will be effective prior to the opening of business on Monday, March 21, 2016.
“We are very pleased to join the KBW Nasdaq Regional Banking Index,” said Robert Sarver, Chairman and Chief Executive Officer, Western Alliance Bancorporation. “This positive development reflects our company’s outstanding performance, including consistent growth in assets and market capitalization. It follows Western Alliance’s record-setting year in 2015, which was marked by record revenue, earnings, loan and deposit levels.”
Western Alliance is one of the largest banking companies in the country, ranking in the top 1% in asset size, with a market capitalization of $3.7 billion at year-end 2015.
About Western Alliance Bancorporation
With $14 billion in assets, top-performing Western Alliance Bancorporation (NYSE:WAL) is one of the fastest-growing bank holding companies in the U.S. and recognized as #10 on the Forbes 2016 “Best Banks in America” list. Its primary subsidiary, Western Alliance Bank, is the go-to bank for business and succeeds with local teams of experienced bankers who deliver superior service and a full spectrum of deposit, lending, treasury management, international banking and online banking products and services. Western Alliance Bank operates full-service banking divisions: Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank. The bank also serves business customers through a robust national platform of specialized financial services including Corporate Finance, Equity Fund Resources, Life Sciences Group, Mortgage Warehouse Lending, Public and Nonprofit Finance, Renewable Resource Group, Resort Finance, Technology Finance and Alliance Association Bank. For more information, visit westernalliancebancorporation.com.