Western Alliance Bancorporation (NYSE: WAL) announced today that it
expects to offer and sell approximately $150 million of common stock in
an underwritten public offering through Keefe, Bruyette & Woods and D.A.
Davidson & Co.
The shares will be issued pursuant to a prospectus supplement filed as
part of an existing shelf registration statement filed with the
Securities and Exchange Commission on Form S-3. Western Alliance intends
to grant the underwriters an option to purchase up to an additional 15%
of the shares sold to cover over-allotments, if any.
Western Alliance intends to use the net proceeds from this offering for
general corporate purposes, including to increase liquidity and to
provide for additional capital and growth.
This announcement shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there be any
offer or sale of these securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful. The offering will be made
only by means of a prospectus, copies of which may be obtained from
Keefe, Bruyette & Woods, Inc., Equity Capital Markets, 787 Seventh
Avenue, 4th Floor, New York, NY 10019 or by calling toll-free (800)
966-1559 or from D.A. Davidson & Co., Equity Capital Markets, 8 Third
Street North, Great Falls, MT 59401 or by calling toll-free (800)
332-5915.
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.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 that relate to
expectations, beliefs, projections, future plans and strategies,
anticipated events or trends and similar expressions concerning matters
that are not historical facts.
