Western Alliance Bancorporation Annual Report 2014

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FY2014 Annual Report · Western Alliance Bancorporation

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Western Alliance Bancorporation

STRONG COMMITMENT.
POWERFUL MOMENTUM.
WAL 2014 ANNUAL

REPORT

OUR FINANCIAL RESULTS
ARE A REFLECTION OF
HOW OUR CUSTOMERS
FEEL ABOUT US AND THE
TALENT AND EFFORTS OF
OUR EMPLOYEES.

— Robert Sarver

A Letter From Our CEO

Dear Clients, Shareholders and Friends of Western Alliance,

The year 2◊14 was an outstanding one for Western Alliance Bancorporation. We
lent $2.5 billion and continued to positively impact our customers, communities
and shareholders. Our consistent and continuing commitment to serve our
customers is what drove our outstanding growth and differentiates us in the
marketplace. Our business model is simple and focused:

• We put our clients first

• We have experienced relationship managers and credit officers close

to our customers

• Our executives “roll up their sleeves,” get to know our customers and

make decisions

• We try to limit the bureaucracy our industry is known for

At Western Alliance, we have a strong commitment to support the communities
where we do business. In 2◊14 we provided $194 million in community
development loans, $45 million in community-based investments, donations
to hundreds of nonprofit organizations, and thousands of employee volunteer
hours. In addition, the number of small business loans we made in low-income
census tracts exceeded that of peer averages in all our markets.

Our financial results are a reflection of how our customers feel about us and
the talent and efforts of our 1,131 employees. For 2◊14, revenue, earnings, loans
and deposits all reached record levels. Net income of $148 million for the year
resulted in a return on assets of 1.5◊%, a return on tangible common equity of
18.5%, and earnings per share of $1.67 compared to $1.31 in 2◊13. Increased
business to existing customers and the addition of many new customer
relationships led to robust growth in 2◊14. Total loans increased $1.6 billion
and total customer deposits increased $1.1 billion for the year. Our growth and
performance results rank Western Alliance in the very top tier of our industry.

We are well positioned for the future with a strong balance sheet,
increasing capital ratios, a commitment to technology and customer
security, and an entrepreneurial culture that will help us adapt to changes
in our industry and in the economy. We have a diversified set of products
and services along with the flexibility to accommodate our customers’
changing needs. We enter 2◊15 with a solid pipeline of new customers,
talented bankers looking to join us, new lending opportunities, and the
same goal of providing great service.

Many people contributed to Western Alliance’s success. I would like to
acknowledge our Board of Directors for their guidance and oversight, our
outstanding group of employees who are the face of our Bank, and most
importantly, our customers who make it fun to come to work every day.
Without your support none of our success would be possible. I hope you
enjoy learning more about Western Alliance through our customers’ points
of view throughout this report.

Robert Sarver
Chairman and Chief Executive Officer

FINANCIALS

Western Alliance is one of
the fastest-growing banks in
the nation, ranking in the top
1% in total assets among all
banks in the country.

Consolidated Income Statements
(Unaudited) ($ in thousands, except per share amounts)

Interest Income
Interest Expense

Net Interest Income
Provision for Credit Losses

Net Interest Income After Provision
Non Interest Income
Non Interest Expense

Income Before Income Tax
Income Tax

Income from Continuing Operations
Discontinued Operations

2014

2013

2012

416,379
(31,486)

362,655
(29,760)

318,295
(28,032)

384,893

(4,726)

380,167
25,441
(208,109)

197,499
(48,390)

149,109

(1,158)

332,895
(13,220)

319,675
22,247
(196,266)

145,656
(29,830)

115,826

(861)

290,263
(46,844)

243,419
46,505
(188,860)

101,064
(25,935)

75,129
(2,490)

Net Income

147,951

114,965

72,639

Less Dividends on Preferred Stock

(1,387)

(1,410)

(3,793)

Net Income Available to Common
Stockholders

Weighted Average Common Shares
Outstanding (diluted)

Earnings Per Share Available to
Common Stockholders

146,564

113,555

68,846

87,506

86,541

82,912

1.67

1.31

0.83

Consolidated Balance Sheets
(Unaudited) ($ in thousands)

ASSETS

2014

2013

2012

Cash
Securities
Loans
Allowance for Credit Losses

164,396
1,547,821
8,398,265

(110,216)

305,514
1,689,556
6,801,415

(100,050)

204,625
1,267,584
5,709,318

(95,427)

Net Loans
Other Assets

Total Assets

8,288,049
600,232

6,701,365
610,907

5,613,891
536,342

10,600,498

9,307,342

7,622,442

LIABILITIES AND EQUITY

Deposits
Borrowings
Other Liabilities

Total Liabilities
Stockholders' Equity

8,931,043
485,599
182,928

9,599,570
1,000,928

7,838,205
454,146
159,493

8,451,844
855,498

6,455,177
308,969
98,875

6,863,021
759,421

Total Liabilities and Stockholders' Equity

10,600,498

9,307,342

7,622,442

Financial Highlights
($ in billions)

Total Loans

$8.4 Billion
2◊14 Year End Loans

$9.0

$8.0

$7.0

$6.0

$5.0

$4.0

$3.0

$2.0

$1.0

$0.0

$8.4

$6.8

$5.7

$4.8

$4.1

$4.2

$3.6

$3.◊

$1.8

$1.2

2◊◊4

2◊◊5

2◊◊6

2◊◊7

2◊◊8

2◊◊9

2◊1◊

2◊11

2◊12

2◊13

2◊14

In 2◊14, WAL originated $2.5 Billion of loans.

Total Deposits

$8.9 Billion
2◊14 Year End Deposits

Nevada

$3.3

California

$2.◊

Other States

$1.7

Arizona

$1.9

$9.◊

$8.◊

$7.◊

$6.◊

$5.◊

$4.◊

$3.◊

$2.◊

$1.◊

$◊.◊

$8.9

$7.8

$6.5

$5.7

$5.3

$4.7

$3.4

$3.5

$3.7

$2.4

$1.8

2◊◊4

2◊◊5

2◊◊6

2◊◊7

2◊◊8

2◊◊9

2◊1◊

2◊11

2◊12

2◊13

2◊14

Financial Highlights
($ in billions)

Shareholder Performance

Return on Tangible Common Equity

Return on Average Assets

18.28%

18.52%

1.5◊%

1.35%

13.97%

1.◊1%

2◊12

2◊13

2◊14

2◊12

2◊13

2◊14

$1◊,◊◊◊ Investment Comparison

$73,545

WAL

S&P 5◊◊

KBW Regional Banking Index

$44,623

$11,651

$11,369

$1◊,93◊

$17,46◊

$18,943

$2◊,514

$16,886

Investment Made One Year Ago

Investment Made Three Years Ago

Investment Made Five Years Ago

Total Assets

$1◊.6 Billion
2◊14 Year End Total Assets

Total Regulatory Capital

$1.12 Billion
2◊14 Year End Total Regulatory Capital

$12.◊

$1◊.◊

$8.◊

$6.◊

$4.◊

$2.◊

$◊.◊

$5.◊

$5.2

$4.2

$2.9

$2.2

$1◊.6

$9.3

$7.6

$6.8

$6.2

$5.8

$1.12

$◊.99

$◊.86

$◊.72

$◊.67

$◊.65

$◊.58

$1.2◊

$1.◊◊

$◊.8◊

$◊.6◊

$◊.4◊

$◊.2◊

$◊.◊

$◊.47

$◊.41

$◊.3◊

$◊.18

2◊◊4

2◊◊5

2◊◊6

2◊◊7

2◊◊8

2◊◊9

2◊1◊

2◊11

2◊12

2◊13

2◊14

2◊◊4

2◊◊5

2◊◊6

2◊◊7

2◊◊8

2◊◊9

2◊1◊

2◊11

2◊12

2◊13

2◊14

Quick Facts

Growing Business
Loan growth of
24% in 2◊14

Improving Returns
Earnings per share climbed
27% from $1.31 in 2◊13 to
$1.67 in 2◊14

Strengthening Capital
Tangible book value per share
increased 29% from $7.9◊ in
2◊13 to $1◊.21 in 2◊14

Market Cap

Five consecutive years of
increased year-over-year
growth in both total revenue
and net income

Business banking offices

Our Values

Western Alliance Bancorporation delivers on
three values that set the organization apart.

ACCESS

to decision-makers, to capital, and to a powerful
set of products and services

KNOWLEDGE

shared by the best and brightest bankers who offer
unparalleled market- and sector-specific expertise

COMMITMENT

to consistently exceed expectations through
outstanding customer service at every level and
an entrepreneurial way of thinking that shapes
specialized solutions

ACCESS
to decision-makers, to capital,
and to a powerful set of products
and services

CHECKING IN WITH
GRAND PACIFIC
RESORTS

Growing Resort Company Benefits
from All-Inclusive Relationship with
Western Alliance

Grand Pacific Resorts

Big blue skies, sunshine, ocean waves and the welcome relaxation more
than 7◊,◊◊◊ families wait for each year. That’s the promise and the
product of Grand Pacific Resorts, the full-service resort management and
development company based in Carlsbad, California. As stress-free as it
is to vacation at any of the 23 spectacular properties managed by Grand
Pacific Resorts in California, Hawaii, Montana and in Canada, the business
behind the leisure is anything but a day at the beach.

When co-owner Tim Stripe first sat down with Western Alliance, he brought
a sizable list of challenges and a healthy skepticism that any one bank
could match his wide-ranging needs. “Timeshare is not an easy business,
but they said, ‘Let’s just take a look.’” The bank’s response was speedy,
and not a little surprising. “Today we deal in seven different lines at the
bank, including commercial and real estate loans, and our relationship is
comprehensive and extremely effective,” said Stripe.

For Grand Pacific Resorts, having direct access to the bank’s key
decision-makers and to its robust set of products and customized
solutions, including resort finance, makes all the difference. “We’ve worked
with larger banks and same-size banks and by far the relationships and
exposure we have to senior decision-makers is markedly different from
other banks, and I’ve been in business more than 3◊ years."

"The decision-makers are there face-to-face.
There is no back and forth and no bureaucracy.”

— Tim Stripe, Grand Pacific Resorts

MY BANKERS
ARE ALWAYS
AVAILABLE
TO ME.

— Dr. Soon K. Kim, Signature Healthcare Services

Signature Healthcare
Services

The changing framework for healthcare delivery now puts mental health on
par with medical care, creating strong expansion opportunities for Signature
Healthcare Services. This Southern California-based provider of in-patient
psychiatric services operates 13 hospitals in five states and is growing to
meet demand with Western Alliance.

“These bankers are much more interested in my business than other
bankers,” said Dr. Soon K. Kim, President and CEO. “I came to know the loan
officer, the credit officer, then the president of the bank and even the CEO.
The personal service and access are extraordinary.”

Abbott’s Custom
Printing

Travis Abbott weathered the recession by buying four small printing companies
to consolidate market share for Abbott’s Custom Printing, now the largest
quick printer in Nevada. This growing business needed land and a new building,
and Western Alliance opened the doors to financing, including connecting him
with an SBA loan, to make it all possible.

“The Western Alliance team was amazing all the way through,” said Abbott.
“They saw my energy, passion and drive and they believed in me. My bankers
were instrumental in helping us grow to this next level.”

"They earn my business every day.”

— Travis Abbott, Abbott’s Custom Printing

KNOWLEDGE
shared by the best and brightest
bankers who offer unparalleled market-
and sector-specific expertise

HEALTHY GROWTH
FOR NEXTMED

Smart Banking Helps Innovative
Healthcare Company Thrive

NextMed

It’s a hard fact that one in every 2◊ people will develop a kidney stone
at some point. No wonder Tucson-based NextMed is growing.

“NextMed is obsessed with providing unsurpassed and ever-improving
patient care and invests heavily to further our industry-leading,
analytics-driven quality improvement programs. NextMed also is
committed to providing investors with excellent returns and novel and
compliant financial models,” said CEO Chris Gleason. “Our structures
are complex and, while we have worked with several different banks
over the last 19 years, we have found Western Alliance to be the best
banking partner. They are very smart, creative and move at a velocity
unknown with our prior banking relationships.”

It all comes down to market knowledge and intellectual capacity.
“Western Alliance bankers offer a quality of intellect that otherwise
would be off-limits to all but the biggest customers at a large, money
center bank. Having access to this level of bankers has proven to
be invaluable to NextMed. As a CEO I am always seeking out ‘A’ level
players, and I have found them at Western Alliance.”

"Banking and access to capital
are two things I don’t have to
worry about, leaving me free to
grow my business.”

— Chris Gleason, NextMed

WESTERN ALLIANCE
UNDERSTANDS
THE CONSTRUCTION
INDUSTRY.

— David James, FNF Construction

FNF Construction

When a landslide closed US 89, the main highway between Flagstaff and
Lake Powell, the Arizona Department of Transportation turned to the heavy
construction experts at FNF Construction to improve 27 miles of an alternate
roadway. The company’s response was fast and effective, opening the road
to public transportation in just over 1◊◊ days following notice of award of the
construction contract.

FNF Construction appreciates the same kind of quick and specialized response
from their banking/financial team, which includes Western Alliance. With a
strong presence in the construction industry, Western Alliance consistently
paves the way with unparalleled sector-specific expertise. “This is a unique
industry and it’s good to have a bank with awareness and deep knowledge of
the construction business,” said the company’s CFO, David James.

Western Alliance bankers bring clients true expertise in a wide
range of business sectors including commercial real estate and
construction, professional practices, healthcare, municipalities
and nonprofits, manufacturing, transportation and more.

COMMITMENT
to consistently exceed expectations through
outstanding customer service at every level and
an entrepreneurial way of thinking that shapes
specialized solutions

ANSWERING THE CALL
FOR NEW AMERICAN
FUNDING

Exceptional Service Closes
the Deal for High-growth National
Mortgage Company

New American Funding

At New American Funding, the American dream of home ownership is alive
and well. Driven by two passionate entrepreneurs – husband and wife, Rick
and Patty Arvielo – what began as a call center in 2◊◊1 now has 72 offices,
more than 1,4◊◊ employees and is licensed to do business in 42 states. The
Arvielos are realizing big dreams for their robust Orange County, California-
based mortgage business.

It’s unusual for a bank to match the energy and commitment of a fast-
growing company like New American Funding, but CEO Rick Arvielo
said Western Alliance does this and more. “Western Alliance shares my
entrepreneurial spirit – you would think all banks would, but they don’t. To
have a bank willing to open up the full suite of products is refreshing. They
listen to what my needs are and they connect the dots.”

For the Arvielos, Western Alliance brings a surprising level of service to the
table. “As a business like ours grows, we need a banking partner that gets it.
The service Western Alliance delivers is personal, engaging and cohesive.”

New American Funding relies on Western Alliance for a wide set of products
and services, including mortgage warehouse lending. “Western Alliance
is a pioneer in mortgage servicing rights (MSR) lending, but it’s way more
than that. We’re moving deposits over, looking at a revolving line of credit
and they just financed a building we bought in Las Vegas. I cherish where
the relationship is going because I haven’t experienced that in the banking
world,” said Arvielo.

“Western Alliance was the first bank
interested in providing us with more
things we need outside the focus of the
original relationship. It’s refreshing to
have a banking partner that is not a
one-trick pony.”

— Rick Arvielo, New American Funding

THEIR CUSTOMER
SERVICE IS TRULY
OUTSTANDING.

— Bill Heideman, Hollenbeck Palms

Hollenbeck Palms

For Hollenbeck Palms, California’s first licensed residential retirement
community, taking exceptional care of their seniors is second nature. So when
it was time to add a state-of-the-art nursing center and new memory-care
facility, they pursued a private bond offering.

Western Alliance hit the mark for its competitive products, but it thoroughly
impressed when it came to customer service. “We had no idea we could be
treated this well and so competently by so many people,” said President and
CEO Bill Heideman. “Sometimes in dealing with companies that want your
business, it’s just fluff. But these folks are for real.”

Seirus Innovation

Seirus Innovation raises the thermometer as the country’s largest distributor of
cold-weather accessory gear for outdoor enthusiasts. “As a seasonal business,
we don’t fit into traditional banking parameters,” said Wendy Carey, CFO and
wife of co-owner Mike Carey, also a former NFL referee and currently the NFL
Rules Expert for CBS NFL Broadcasting. “We have experienced a lot of rapid
growth, and there are years when there’s no snow – not often, but sometimes
– both situations that can stress a small business. The bank understands our
business and has stood by us.”

For this successful San Diego-based company, there’s always a flurry of
interest from other banks. “I can’t tell you how many calls I get, but I always say,
thanks but we are very happy where we are. We have a commitment to Western
Alliance, the bank that is so committed to us,” said Carey.

“As we continue to grow, I anticipate
growing with this bank.”

— Wendy Carey, Seirus Innovation

Cutter Aviation

FLYING RIGHT FOR
CUT TER AVIATION

Western Alliance Streamlines
Loans to Lift Growing Regional
Aviation Company

Cutter Aviation, a third-generation, family-owned business, is charting an
exciting new course of growth. Based in Phoenix, with locations at eight
airports across the Southwest, Cutter Aviation now is set to expand into
two new markets in California and Texas, and grow as one of the country’s
first dealers of HondaJets.

Founded in 1928 by CEO Will Cutter’s grandfather, today the business is
a full-service aviation company that sells, fuels, manages, charters and
maintains airplanes. Cutter became a new client for Western Alliance
in 2◊14, and the bank worked to simplify a range of existing loans
and financings—from building loans and stockholder buyouts to the
company’s credit line and more—into a streamlined financing package to
better fit Cutter’s goals.

How fast is Cutter Aviation moving? In 2◊14, this company with 25◊
employees reached nearly $1◊◊ million in sales and is on track to exceed
$13◊ million in 2◊15 with initial deliveries of the new HondaJet.

“Western Alliance spent a lot of time with us learning our business, and
I am so pleased with the high level of personalized service,” said Cutter.
“The rates are great, the bank is quick to make transactions happen. This
is a very special relationship.”

" I am so pleased with the high
level of personalized service."

— Will Cutter, Cutter Aviation

A Full Range of Deposit and Treasury
Management Solutions

Western Alliance’s commitment to
exceptional personalized service is matched
by a sophisticated and comprehensive
array of Deposit and Treasury Management
Solutions designed for today’s fast-moving
business culture. Drawing on these robust
services, Western Alliance bankers provide
flexible, customized solutions to meet the
particular needs of our business clients
across the wide range of industries and
sectors in our markets.

Deposit Solutions include:

— Checking Accounts

— Treasury Management

— Money Market Accounts

— Certificates of Deposits

— Savings Accounts

— Certificate of Deposit Registry Service/CDARS® Program

— Insured Cash Sweep/ICS® Program

— IOLTA Accounts

— Escrow Deposit Accounts

— Remote Deposit

For businesses with a more extensive set of needs,
Treasury Management Solutions include:

— E-deposit Remote Capture Service

— Lockbox

— Small Business and Corporate Online Banking

— ACH Services

— Positive Pay

— Cash Vault

— Sweep Accounts

— Zero Balance Accounts

— Merchant Services

— Trusteer Fraud Protection

— Account Reconciliation

— Corporate Credit Cards

A Powerful Set of Lending Solutions

No resource is more important to growing
businesses than ready access to capital. Western
Alliance bankers have the authority and acumen
to make quick decisions that are tailored to our
clients’ individual capital needs. With more than
$1◊ billion in assets, Western Alliance has the reach
and strength to serve businesses big and small with
skillfully built financing answers, delivered with a
high degree of industry-specific expertise.

Lending Solutions include:

— Commercial Real Estate Loans

— Medical/Professional Loans

— Commercial and Industrial Loans

— Corporate Finance

— Revolving Lines of Credit

— Municipal Finance

— Nonprofit Lending

— Equipment Finance/Leases

— Participations and Syndications

— Warehouse Mortgage Lending

— Resort Finance

— Letters of Credit

— Community Association Loans

City of San Carlos

A LANDMARK OPPORTUNITY
FOR SILIC ON VALLEY’S
CITY OF SAN CARLOS

Western Alliance Public
Finance Paves the Way for
Gateway Project

The City of San Carlos, an affluent community in the heart of
Silicon Valley, had a long-held vision: Create a regional draw with a
hotel on a high-profile gateway property, just off the 1◊1 highway.
With the region’s resurgence after the recession, the impetus was
unmistakable – act now or perhaps never.

After rezoning to give the area landmark status, the city needed
a private-sector banking partner to help purchase the property.
Western Alliance and its growing Public Finance capabilities became
the clear choice.

“Other banks didn’t understand – it was outside their management
bureaucracy,” said City Manager Jeff Maltbie. “It required vision and
flexibility on the part of the bank to go after this business. Western
Alliance was nimble and we absolutely had access to decision-
makers. Other banks said things like, ‘Well, it’s six weeks until our
next board meeting.’ We never had that with Western Alliance.”

Even with financing approved, challenges always arise, including
aggressive timelines. “Western Alliance never presented us with a
problem without also recommending a solution. They made us feel
comfortable every step of the way.”

Today, concept designs are in place for a 2◊◊-room, Marriott
Residence Inn that will transform what was once a collection of
underused, unconnected properties into a vibrant new asset for the
City of San Carlos.

"Western Alliance never presented
us with a problem without also
recommending a solution."

— Jeff Maltbie. City of San Carlos

A True Differentiator: National Business Lines

For nearly every niche, for enterprises that
require true specialization, Western Alliance
has focused tools and expertise to support
its business clients nationwide. An important
dimension of the bank’s capabilities is six
National Business Lines that deliver smart,
industry-specific knowledge and products.

Bankers across our geographically managed
divisions and their clients tap the bank’s
leadership in fast-growing industries and
sectors served by our National Business Lines.

Alliance Association Bank

Western Alliance Resort Finance

Meeting the needs of the growing community
management industry, Alliance Association Bank offers
a wide range of innovative products and services. From
deposit and lockbox services to e-deposit remote
capture and a broad selection of specialized loan
products, Alliance Association Bank works to create
efficiencies, reduce costs and increase revenue for
HOAs nationwide.

Delivering specialized financing to U.S.-
based timeshare developers, Western
Alliance Resort Finance is a highly
experienced and focused resource for the
bank's deep knowledge of the timeshare
industry. The group offers financing for land
and inventory acquisition, construction and
receivable hypothecation.

Western Alliance Corporate Finance

Western Alliance Equipment Finance

Serving a diverse portfolio of corporate clients
in sectors including retail, healthcare, consumer
products, chemicals, cable/data, business
services, transportation/automotive, industrial
and more, Western Alliance Corporate Finance is
a strong and responsive financial partner.

Offering unique expertise and high-level
personalized service, Western Alliance Equipment
Finance serves a broad range of industries including
healthcare, manufacturing, transportation,
construction and agriculture with sophisticated and
tailored equipment financing solutions.

Western Alliance Public Finance

Western Alliance Mortgage Warehouse Lending

Supporting the financing needs of state and local
governments and nonprofit organizations, Western
Alliance Public Finance has strong knowledge
of the needs of this important set of clients. The
group specializes in tax revenue, utility revenue,
lease-purchase and land-secured financing.

Providing traditional warehouse lending to well-
qualified mortgage bankers with an unmatched
level of expertise and responsiveness, this
group also offers MSR financing, custodial
deposit services, treasury management, payroll
products and more.

THERE ARE A HANDFUL OF BANKS THAT
REPRESENT THEMSELVES AS HOA BANKS,
BUT WESTERN ALLIANCE’S ALLIANCE
ASSOCIATION BANK DOES WHAT THEY DO
BETTER THAN ANYONE ELSE BECAUSE IT
IS THEIR TRUE SPECIALIZATION.

— Guy Goodwin, President, Goodwin Management, Inc., which currently
manages more than 22◊ homeowners associations in Texas

WEST ERN ALL IANCE GIVES
BACK TO ITS COMM UNITIES

At Western Alliance, we believe a deep-rooted commitment to our
communities is integral to everyone’s success. We live and work locally,
side by side with our customers and neighbors, and our employees
embrace the philosophy of building sustainable and healthy communities
by giving back to a wide range of nonprofit organizations. We donate time
and expertise, often in leadership roles, to charitable and civic groups that
better our communities in California, Arizona and Nevada. As well, Western
Alliance is pleased to provide financial contributions to a broad selection
of nonprofit organizations in support of education, health, environment,
human services and animal welfare.

Some measurements of our community
commitment in 2◊14:

— 2,965 Employee Volunteer Hours

— $194 million in Community Development Loans

— $45 million in Community Development New Investments

— Over $1 million in Financial Contributions to Nonprofits

Four Geographically Managed Divisions,
Four Examples of Our Involvement

Bank of Nevada developed the 2◊ for 2◊ Financial Literacy Program to bring
financial literacy education to 2◊ Title I elementary schools.

Torrey Pines Bank launched the kNOw Alzheimer’s public service campaign
to help raise awareness and research dollars for this devastating disease
that affects millions of people.

Alliance Bank of Arizona developed “At Work in Arizona: The First 1◊◊
Years,” a book and website that frames the story of Arizona’s economic
history over the past century. The project benefits 12 of the state’s most
effective education-focused nonprofits.

First Independent Bank helped fund development of a state-of-the-art
play structure at Recreation Park in Sparks, Nevada, to encourage the
community to exercise.

AZ Earn to Learn

IT ALL ADDS UP FOR
AZ EARN TO LEARN

Western Alliance Partners with
Empowering Nonprofit to Promote
Economic Independence

A little goes a long way in the hands of Kate Hoffman, Executive Director/
Founder, AZ Earn to Learn, which guides students to save $5◊◊ each
year to unlock an annual match of $4,◊◊◊ at one of three Arizona state
universities. The overarching purpose? To help economically challenged
kids become financially competent and build life-long assets including
higher education.

The bank has been involved with Tucson-based AZ Earn to Learn since
Hoffman was working at her dining table on the concept to create these
matching scholarship funds. “Western Alliance has been a major supporter
even before we had our first student,” said Hoffman. “Not only did the bank
help us get our organization off the ground, they also provide important
financial support – and they have done this every year since the program
launched in 2◊12. I can’t imagine a better community partner.”

Importantly, Western Alliance stepped up as the first of the organization’s
financial partners to synchronize savings activity with AZ Earn to Learn’s
smartphone app. “Now when a student saves $1◊◊ they can see in real
time how the university they hope to attend puts in an $8◊◊ match. This
adds a major layer of encouragement and offers an essential motivator to
keep students saving and pursuing their goals.”

" I can’t imagine a better
community partner.”

— Kate Hoffman, AZ Earn to Learn

Board of Directors

Robert Sarver
Chairman and Chief Executive Officer
Western Alliance Bancorporation

Todd Marshall
Chairman of the Board
Marshall Retail Group

Bruce Beach
Chairman and Chief Executive Officer
BeachFleischman PC

M. Nafees Nagy, MD
Director
Premier Care Network

William S. Boyd
Executive Chairman of the Board
Boyd Gaming Corporation

James E. Nave, DVM
Owner
Tropicana Animal Hospital

Marianne Boyd Johnson
Executive Vice President and
Vice Chairman of the Board
Boyd Gaming Corporation

John P. Sande, III
Partner
Fennemore Craig Jones Vargas

Steven J. Hilton
Chairman and Chief Executive Officer
Meritage Homes Corporation

Donald Snyder
Presidential Advisor
University of Nevada Las Vegas

Cary Mack
Co-Managing Partner
Southwest Value Partners

Sung Won Sohn, PhD
M.V. Smith Professor of Business
and Economics
California State University CI

Kenneth A. Vecchione
Chairman, Western Alliance Bank
President and Chief Executive
Officer Encore Capital Group

Executive Management Team

Western Alliance Bancorporation’s Executive Management Team builds a
culture of outstanding service that makes a difference for customers in every
market. Delivering on the values of Access, Knowledge and Commitment, this
team of experienced leaders creates an environment that attracts the best
and brightest bankers.

Back row from left

Robyn Young, Robert McAuslan, John Maguire, Randall Theisen, Merrill Wall,
James H. Lundy, Gary Cady, John Guedry

Front row from left

Duane Froeschle, Jeanne Pollock, Dale Gibbons, Robert Sarver, Patricia Taylor,
Ed Zito, Julie Raymond

Locations

Alliance Bank of Arizona
Chandler Office
3◊33 W. Ray Rd.
Chandler, AZ 85226
(48◊) 384-38◊◊

Cityscape Office
One E. Washington St., Ste. 1◊◊
Phoenix, AZ 85◊◊4
(6◊2) 629-1776

Biltmore Park Office
27◊1 E. Camelback Rd., Ste. 11◊
Phoenix, AZ 85◊16
(6◊2) 952-54◊◊

Flagstaff Office
5◊1 E. Butler
Flagstaff, AZ 86◊◊1
(928) 214-34◊◊

Mesa Office
111◊ E. Baseline Rd.
Mesa, AZ 852◊4
(48◊) 6◊9-29◊◊

Midtown Office
29◊1 N. Central Ave., Ste. 1◊◊
Phoenix, AZ 85◊12
(6◊2) 629-17◊◊

North Scottsdale Office
151◊◊ N. 78th Way
Scottsdale, AZ 8526◊
(48◊) 9◊5-446◊

Scottsdale Office
6263 N. Scottsdale Rd., Ste. 1◊◊
Scottsdale AZ 8525◊
(48◊) 998-65◊◊

Sedona Office
6486 Highway 179, Ste. 11◊
Sedona, AZ 86351
(928) 284-238◊

Swan Office
47◊3 E. Camp Lowell Dr.
Tucson, AZ 85712
(52◊) 784-6◊◊◊

Williams Centre Office
2◊◊ S. Craycroft Rd.
Tucson, AZ 85711
(52◊) 322-77◊◊

Bank of Nevada
Sahara Regional Office
27◊◊ W. Sahara Ave.
Las Vegas, NV 891◊2
(7◊2) 248-42◊◊

Centennial Hills Office
85◊5 W. Centennial Pkwy.
Las Vegas, NV 89149
(7◊2) 856-716◊

Grand Central Pkwy. Office
1◊◊ City Pkwy., Ste. 12◊
Las Vegas, NV 891◊6
(7◊2) 696-67◊◊

Hualapai Regional Office
1115 S. Hualapai Way
Las Vegas, NV 89117
(7◊2) 856-71◊◊

Northwest Regional Office
7251 W. Lake Mead Blvd., Ste. 1◊8
Las Vegas, NV 89128
(7◊2) 24◊-1734

Southwest Regional Office
3985 S. Durango Dr.
Las Vegas, NV 89147
(7◊2) 363-514◊

Aliante Office
6915 Aliante Pkwy.
North Las Vegas, NV 89◊84
(7◊2) 856-714◊

Henderson Regional Office
289◊ N. Green Valley Pkwy.
Henderson, NV 89◊14
(7◊2) 451-◊624

Siena Heights Office
1◊199 S. Eastern Ave.
Henderson, NV 89◊52
(7◊2) 94◊-85◊◊

Stephanie Office
221 N. Stephanie St.
Henderson, NV 89◊74
(7◊2) 939-57◊◊

Mesquite Office
11 Pioneer Blvd.
Mesquite, NV 89◊27
(7◊2) 346-66◊◊

First Independent Bank
Kietzke Office
5335 Kietzke Lane
Reno, NV 89511
(775) 828-2◊◊◊

Carson City Office
1818 E. College Pkwy.
Carson City, NV 897◊6
(775) 682-4747

Fallon Office
2◊61 W. Williams Ave.
Fallon, NV 894◊6
(775) 423-9586

Spanish Springs Office
381 Los Altos Pkwy.
Sparks, NV 89436
(775) 626-94◊◊

Sparks Industrial Office
98◊ S. McCarran Blvd.
Sparks, NV 89431
(775) 358-13◊◊

Sparks Marina Office
725 Sparks Blvd.
Sparks, NV 89434
(775) 358-84◊◊

Robb Drive Office
629◊ Sharlands Ave.
Reno, NV 89523
(775) 746-3◊◊◊

Torrey Pines Bank
Carmel Valley Office
1222◊ El Camino Real, Ste. 11◊
San Diego, CA 9213◊
(858) 523-463◊

Beverly Hills Office
9355 Wilshire Blvd.
Beverly Hills, CA 921◊1
(31◊) 623-89◊◊

Carlsbad Office
276◊ Gateway Rd.
Carlsbad, CA 92◊◊9
(76◊) 444-84◊◊

Kearny Mesa Office
928◊ Clairemont Mesa Blvd.
San Diego, CA 92123
(858) 259-53◊◊

Golden Triangle Office
435◊ Executive Dr., Ste. 13◊
San Diego, CA 92121
(858) 523-4688

La Mesa Office
8379 Center Dr.
La Mesa, CA 91942
(619) 233-2555

Los Altos Office
2◊ First St.
Los Altos, CA 94◊22
(65◊) 469-17◊◊

Los Angeles Office
One Bunker Hill, 6◊1 W. 5th Ave.
Los Angeles, CA 9◊◊71
(213) 362-52◊◊

Oakland Office
1951 Webster St.
Oakland, CA 94612
(51◊) 899-75◊◊

San Diego Office
55◊ West C St., Ste. 1◊◊
San Diego, CA 921◊1
(619) 233-25◊◊

Symphony Towers Office
75◊ B St., Ste. 1◊◊
San Diego, CA 921◊1
(619) 233-22◊◊

National Business Lines

Alliance Association Bank
3◊33 W. Ray Rd.
Chandler, AZ 85226
(888) 734-4567

Western Alliance
Equipment Finance
One E. Washington St., Ste. 14◊◊
Phoenix, AZ 85◊◊4
(6◊2) 797-3643

Western Alliance
Corporate Finance
6◊4 Arizona Ave.
Santa Monica, CA 9◊4◊1
(213) 362-5213

Western Alliance
Public Finance
One E. Washington St., Ste. 14◊◊
Phoenix, AZ 85◊◊4
(6◊2) 797-3634

Western Alliance Mortgage
Warehouse Lending
3◊33 W. Ray Rd.
Chandler, AZ 85226
(48◊) 384-38◊◊

Western Alliance
Resort Finance
One E. Washington St., Ste. 14◊◊
Phoenix, AZ 85◊◊4
(6◊2) 386-2315

Western Alliance
Bancorporation
One E. Washington St., Ste. 14◊◊
Phoenix, AZ 85◊◊4
(6◊2) 389-35◊◊

Banking Divisions

alliancebankofarizona.com

bankofnevada.com

ﬁrstindependentnv.com

torreypinesbank.com

About

Western Alliance Bancorporation

Driving growth in assets and earnings, top-performing,
Western Alliance Bancorporation (NYSE:WAL) has more
than $1◊ billion in assets and is one of the fastest-
growing bank holding companies in the U.S. Its primary
subsidiary, Western Alliance Bank, is the go-to bank for
business and succeeds with local teams of experienced
bankers who deliver superior, personalized services
and a full spectrum of deposit, lending, treasury
management and online banking products and services.
Western Alliance Bank operates full-service banking
divisions: Alliance Bank of Arizona, Bank of Nevada,
First Independent Bank (Nevada) and Torrey Pines Bank
(California). The bank also serves business customers
through a robust national platform of specialized
financial services including Alliance Association
Bank, Western Alliance Corporate Finance, Western
Alliance Equipment Finance, Western Alliance Public
Finance, Western Alliance Resort Finance, and Western
Alliance Warehouse Lending. For more information, visit
westernalliancebancorporation.com.

To view an expanded version of the annual report with
video content, visit

walannualreport.com
.

Western Alliance
Bancorporation

One East Washington Street, Ste. 14◊◊
Phoenix, AZ 85◊◊4
(6◊2) 389-35◊◊

westernalliancebancorporation.com

Alliance Bank of Arizona, Bank of Nevada, First Independent Bank and Torrey Pines Bank are divisions of Western
Alliance Bank. Member FDIC. Western Alliance Bank is the primary subsidiary of Western Alliance Bancorporation.