Are Alliance Association Financial Services and Western Alliance Bancorporation healthy and secure organizations?
Yes. Alliance Association Financial Services is a division of Bank of Nevada, which is an affiliate of Western Alliance Bancorporation – one of the largest regional holding companies in the Southwest. Western Alliance Bancorporation (WAL) is the parent company of Bank of Nevada, First Independent Bank of Nevada, Alliance Bank of Arizona, Bank of Nevada and Alta Alliance Bank. Western Alliance Bancorporation offers two of the best indicators of a financial institution’s financial strength: asset quality and capital strength. • Asset Quality: Non-performing assets (NPAs) as a percentage of total assets are a key measure of a financial institution’s financial health, signifying what portion of a bank’s loans are paying as agreed. Western Alliance’s non-performing assets continue to be below those of its competitors. As of the Q3. 2008 non-performing assets were 0.79%. • Capital Strength: As of September 30, 2008, WAL achieved a record $536 million in regulatory capital. WAL and each of it
