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Western Alliance Bank money market account features. Minimum opening deposit. $100. ... The bank uses encryption technology, advanced firewalls, and other security measures, such as secured access ...
The list excludes the following three banks listed amongst the 100 largest by the Federal Reserve but not the Federal Financial Institutions Examination Council because they are not holding companies: Zions Bancorporation ($87 billion in assets), Cadence Bank ($48 billion in assets) and Bank OZK ($36 billion in assets).
Rating Action: Moody's affirms Western Alliance's ratings (deposits A2/Prime-1) following acquisition announcement, maintains stable outlookGlobal Credit Research - 18 Feb 2021New York, February ...
The bank was founded in 1994 in Las Vegas, Nevada. [1] [4] In 2010, it moved its headquarters to Phoenix, Arizona. [5] In October 2012, it acquired Western Liberty Bancorp for $55 million. [6] In April 2021, the company acquired AmeriHome for $1.22 billion. [7]
Western Alliance lost $6 billion in deposits amid the chaos that roiled the banking world in the first quarter. Profits at the Phoenix-based lender dropped 41% from a year earlier.
The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America.
Rating Action: Moody's affirms Western Alliance Bank's ratings (deposits A2/Prime-1); outlook remains stableGlobal Credit Research - 08 Feb 2021New York, February 08, 2021 -- Moody's Investors ...
PacWest ended Tuesday down 28%, while Western Alliance dropped 15%. Other regional banks also plummeted, including Zions ( ZION ), Comerica ( CMA ) and Key ( KEY ), which all fell between 9-12%.