Western Alliance Bank to Donate $100,000 to American Red Cross to Support Communities Impacted by Southern California Wildfires
15 January 2025 - 7:51AM
Business Wire
Bank Also Commits $1 Billion in Loan
Capacity to Help Small Businesses and Homeowners Rebuild in
Impacted Areas
Western Alliance Bank (NYSE: WAL) today announced it is donating
$100,000 to the American Red Cross to help support people and
communities impacted by the devastating Southern California
wildfires.
This donation comprises funds from the Western Alliance
Community Foundation, the charitable arm of Western Alliance Bank,
as well as employee contributions, which the Bank is matching.
Western Alliance also announced that it is dedicating $1 billion
in loan capacity to support small businesses and homeowners with
owner-occupied construction loans to help rebuild impacted
areas.
“Western Alliance Bank is committed to supporting relief efforts
in Southern California, where people and communities are facing
devastating losses from the wildfires,” said Dale Gibbons, Interim
CEO and CFO of Western Alliance Bank. “Our hearts are heavy right
now. Southern California is a significant part of our enterprise –
Western Alliance and our divisions employ thousands of people, and
work with thousands of customers, across this hard-hit region. In
addition to supporting crucial relief efforts now, what comes after
the disaster also is critically important: Western Alliance Bank is
dedicating $1 billion in loan capacity to help rebuild impacted
areas.”
About the American Red Cross
The American Red Cross shelters, feeds and provides comfort to
victims of disasters; supplies about 40% of the nation’s blood;
teaches skills that save lives; distributes international
humanitarian aid; and supports veterans, military members and their
families. The Red Cross is a nonprofit organization that depends on
volunteers and the generosity of the American public to deliver its
mission. For more information, please visit redcross.org or
CruzRojaAmericana.org, or follow us on social media.
About Western Alliance Bank
With more than $80 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, clients benefit from a full spectrum of tailored
commercial banking solutions and consumer products, all delivered
with outstanding service by industry experts who put customers
first. Major accolades include being ranked as a top U.S. bank in
2024 by American Banker and Bank Director and receiving #1 rankings
on Extel’s (previously Institutional Investor’s) All-America
Executive Team Midcap 2024 for Best CEO, Best CFO and Best Company
Board of Directors. 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 Western Alliance
Bank.
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version on businesswire.com: https://www.businesswire.com/news/home/20250114473457/en/
Media contact: Stephanie Whitlow,
swhitlow@westernalliancebank.com
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