25.11.2008 23:04:00

Adam W. Djou Joins Torrey Pines Bank Los Angeles Division

Western Alliance Bancorporation (NYSE: WAL) announced today that Adam W. Djou has joined its Southern California subsidiary, Torrey Pines Bank, as Senior Vice President of its new Los Angeles/Orange County Division.

Djou has over 20 years of banking experience in the Los Angeles market, most recently with California Bank & Trust, where he served for 10 years.

"Adam will be a key player in our new Los Angeles Division, and we are delighted he has chosen to join us,” said Robert Sarver, Chairman and CEO of Western Alliance Bancorp. "His local knowledge and personal attention to clients are a natural fit with the successful approach we have at Torrey Pines Bank providing a solution to those who want both true relationship banking and a complete range of service capabilities.”

"I am looking forward to being a part of this dynamic organization and building on the success Torrey Pines Bank has had in San Diego,” said Djou. "Particularly in these times, being able to provide clients direct access to local decision makers, as well as resources, is more valuable than ever.”

Torrey Pines Bank was founded in 2003 and has assets of $755 million with seven offices in San Diego, La Mesa, Kearny Mesa and Carlsbad.

About Western Alliance Bancorporation

Western Alliance Bancorporation is the parent company of Bank of Nevada, First Independent Bank of Nevada, Alliance Bank of Arizona, Torrey Pines Bank, Alta Alliance Bank, Miller/Russell & Associates, Shine Investment Advisory Services, Premier Trust, and PartnersFirst. These dynamic organizations provide a broad array of banking, leasing, trust, investment, and mortgage services to clients in Nevada, Arizona and California, investment services in Colorado, and bank card services nationwide. Staffed with experienced financial professionals, these organizations deliver a broader product array and larger credit capacity than community banks, yet are empowered to be more responsive to customers' needs than larger institutions. Additional investor information can be accessed on the Investor Relations page of the company's website, westernalliancebancorp.com.

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements that relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements contained herein reflect our current views about future events and financial performance and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause our actual results to differ significantly from historical results and those expressed in any forward-looking statement. Some factors that could cause actual results to differ materially from historical or expected results include: factors listed in the initial public offering registration statement as filed with the Securities and Exchange Commission; changes in general economic conditions, either nationally or locally in the areas in which we conduct or will conduct our business; inflation, interest rate, market and monetary fluctuations; increases in competitive pressures among financial institutions and businesses offering similar products and services; higher defaults on our loan portfolio than we expect; changes in management’s estimate of the adequacy of the allowance for loan losses; legislative or regulatory changes or changes in accounting principles, policies or guidelines; management’s estimates and projections of interest rates and interest rate policy; the execution of our business plan; and other factors affecting the financial services industry generally or the banking industry in particular.

We do not intend and disclaim any duty or obligation to update or revise any industry information or forward-looking statements set forth in this press release to reflect new information, future events or otherwise.

Eintrag hinzufügen
Hinweis: Sie möchten dieses Wertpapier günstig handeln? Sparen Sie sich unnötige Gebühren! Bei finanzen.net Brokerage handeln Sie Ihre Wertpapiere für nur 5 Euro Orderprovision* pro Trade? Hier informieren!
Es ist ein Fehler aufgetreten!