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Western Alliance Bank money market account features. Minimum opening deposit. $100. Monthly service fee. $10—waived for accounts with a daily balance of $2,500 or more. Certificates of deposit.
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).
The regional banks that are currently the target of the most short bets as a percentage of all shares are PacWest, Bank of Hawaii, Western Alliance and Zions, according to data from S3 Partners.
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 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]
The share price of PacWest had fallen sharply on 3 May after the bank announced that it was 'considering strategic options including a sale'. On 4 May share trading was suspended as the sell-off marked a further 42% loss with other US regional banks, including First Horizon, Metropolitan Bank and Western Alliance, also being affected. [118] [119]
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 ...
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 ...