Western Alliance Bank to Donate $100,000 to American Red Cross to Support Communities Impacted by Southern California Wildfires

Bank Also Commits $1 Billion in Loan Capacity to Help Small Businesses and Homeowners Rebuild in Impacted Areas

PHOENIX--(BUSINESS WIRE)-- Western Alliance Bank (NYSE: WAL) today announced it is donating $100,000 to the American Red Cross to help support people and communities impacted by the devastating Southern California wildfires.

This donation comprises funds from the Western Alliance Community Foundation, the charitable arm of Western Alliance Bank, as well as employee contributions, which the Bank is matching.

Western Alliance also announced that it is dedicating $1 billion in loan capacity to support small businesses and homeowners with owner-occupied construction loans to help rebuild impacted areas.

“Western Alliance Bank is committed to supporting relief efforts in Southern California, where people and communities are facing devastating losses from the wildfires,” said Dale Gibbons, Interim CEO and CFO of Western Alliance Bank. “Our hearts are heavy right now. Southern California is a significant part of our enterprise – Western Alliance and our divisions employ thousands of people, and work with thousands of customers, across this hard-hit region. In addition to supporting crucial relief efforts now, what comes after the disaster also is critically important: Western Alliance Bank is dedicating $1 billion in loan capacity to help rebuild impacted areas.”

About the American Red Cross

The American Red Cross shelters, feeds and provides comfort to victims of disasters; supplies about 40% of the nation’s blood; teaches skills that save lives; distributes international humanitarian aid; and supports veterans, military members and their families. The Red Cross is a nonprofit organization that depends on volunteers and the generosity of the American public to deliver its mission. For more information, please visit redcross.org or CruzRojaAmericana.org, or follow us on social media.

About Western Alliance Bank

With more than $80 billion in assets, Western Alliance Bancorporation (NYSE:WAL) is one of the country’s top-performing banking companies. Through its primary subsidiary, Western Alliance Bank, Member FDIC, clients benefit from a full spectrum of tailored commercial banking solutions and consumer products, all delivered with outstanding service by industry experts who put customers first. Major accolades include being ranked as a top U.S. bank in 2024 by American Banker and Bank Director and receiving #1 rankings on Extel’s (previously Institutional Investor’s) All-America Executive Team Midcapf="/articles/market-capitalization-explained" title="Read: What Is Market Capitalization and How It Is Calculated" class="article-link" rel="noopener">Midcap 2024 for Best CEO, Best CFO and Best Company Board of Directors. Serving clients across the country wherever business happens, Western Alliance Bank operates individual, full-service banking and financial brands with offices in key markets nationwide. For more information, visit Western Alliance Bank.

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Media contact: Stephanie Whitlow, swhitlow@westernalliancebank.com

Source: Western Alliance Bancorporation