Western Alliance Bancorporation Issues Statement Disputing Recent Financial Times Article
04 Maio 2023 - 12:20PM
Business Wire
Western Alliance Bancorporation (“Western Alliance” or the
“Bank”) (NYSE: WAL), the holding company for Western Alliance Bank,
today issued the following statement in response to an article
published by the Financial Times.
The Financial Times’ report today that Western Alliance is
considering a potential sale of all or part of its business is
categorically false in all respects. There is not a single element
of the article that is true. Western Alliance is not exploring a
sale, nor has it hired an advisor to explore strategic options.
It is shameful and irresponsible that the Financial Times has
allowed itself to be used as an instrument of short sellers and as
a conduit for spreading false narratives about a financially sound
and profitable bank.
We are considering all of our legal options in response to
today’s article.
About Western Alliance Bancorporation
With more than $65 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, business clients benefit from a full spectrum of
tailored banking solutions and outstanding service delivered by
industry experts who put customers first. Major accolades include
being ranked #1 top-performing large bank with assets greater than
$50 billion in 2021 by both American Banker and Bank Director.
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 westernalliancebank.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. Examples of forward-looking
statements include, among others, statements we make regarding our
expectations with regard to our business, financial and operating
results, including deposit balances, capital ratios and unrealized
losses on investment securities, future economic performance, and
dividends. 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, among others: the risk factors discussed in the Company’s
Annual Report on Form 10-K for the year ended December 31, 2022, as
filed with the Securities and Exchange Commission; the potential
adverse effects of unusual and infrequently occurring events,
including bank failures; changes in general economic conditions,
either nationally or locally in the areas in which we conduct or
will conduct our business; the impact on financial markets from
geopolitical conflicts; 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 credit losses; legislative or regulatory changes or changes in
accounting principles, policies or guidelines; supervisory actions
by regulatory agencies which may limit our ability to pursue
certain growth opportunities, including expansion through
acquisitions; additional regulatory requirements resulting from our
continued growth; 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. Any
forward-looking statement made by us in this release is based only
on information currently available to us and speaks only as of the
date on which it is made. We do not intend and disclaim any duty or
obligation to update or revise any industry information or
forward-looking statements, whether written or oral, that may be
made from time to time, set forth in this press release to reflect
new information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20230504005831/en/
Investors: Miles Pondelik, 602-346-7462
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