ET Wednesday after the bank reported earnings results for the first quarter of 2023. I believe Bruce is the ideal Chairman given his sound judgment, integrity and enduring commitment to Western Alliance. Are you trading this? His work outs were fun and exciting.I actually wanted to go to the gym to workout with him. On the flip side, the balance sheet seems healthy, cash reserves are strong. Division President, Alliance Association Bank & Other Lending Divisions. But company executives acknowledge that there are questions about how many of the failed bank's clients and wealth advisors it will be able to retain. Western Alliance had exposure to the tech and innovation sector, which has been at the center of deposit runs experienced in March. Cost basis and return based on previous market day close. Western Alliance was one of the regional banks that were hit hard by deposit outflows during the SVB situation. With Jasons help I finally dropped 47lbs and fast. Related. Hear major bank CEO's prediction about a possible recession. Settlement of payments may be periodically affected and/or delayed due to system outages or maintenance windows. Shares ofWestern Alliance Bancorporation (WAL -1.83%) had jumped by nearly 16.7% as of 10:26 a.m. Im Beth from West Manhattan,NY. The estimated base pay is $87,883 per year. This is 13.7% better than the company average rating for salary and benefits. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Kenneth A. Vecchione is Chief Executive Officer of Western Alliance Bancorporation (NYSE: WAL), one of the top-performing banking companies in the U.S. If You Do This, You Won't Have to Worry About Them, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Through low-cost deposits and attractive commercial loans, we are able to drive meaningful net interest income and tangible book value accretion. Importantly, in 2021 Western Alliance planted a flag in the growing blockchain-based digital payments arena, working with TassatPay4, a digital blockchain payment platform, to facilitate real-time B2B payments for customers. We offer market opinion and analysis, and we cover a wide range of sectors and companies, with particular emphasis on news related items and analyses on growth companies, dividend stocks, banks/financials, industrials, mREITS, biotechnology/ pharmaceuticals, precious metals, and small-cap companies. Through his top of the line nutritional and fitness knowledge I was finally able to loose 37lbs.I got my beach ready body just in time for summer. The annual per-share dividend of $1.44 is easily covered by expected 2023 earnings per share. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Anything beyond that and you will need the government to step in, or another bank, or even the Fed, to step in and make depositors whole. So why is WAL stock down by two-thirds in just a few sessions? March 21: U.S. Treasury Secretary Janet Yellen tells bankers that she is prepared to intervene to protect depositors in smaller U.S. banks. U.S. officials later say SVB customers will have access to their deposits.