Western Alliance Bank, including its Arizona banking division, Alliance Bank of Arizona, has moved up to #4 in deposits across the state of Arizona from its 6th position last year, according to newly released data from the Federal Deposit Insurance Corporation. The bank is part of top-performing Western Alliance Bancorporation (NYSE:WAL).
Western Alliance Bank also maintained its #4 ranking in deposits for the state’s largest market, Maricopa County.
The new FDIC rankings were released Sept. 30, 2016, and reflect deposits as of June 30 of this year. According to the FDIC deposits survey, Western Alliance Bank had $5.3 billion in deposits across Arizona markets, with a 4.65% market share; in Maricopa County, the bank had $4.6 billion in deposits and a 5.5% market share.
“These strong deposit rankings demonstrate the value we place on true relationship banking,” said Robert Sarver, Chairman and CEO, Western Alliance Bancorporation. “Our business clients look to us for real responsiveness and expertise in their markets and industries, and all of this is building our presence in Arizona and across the U.S.”