Market Overview

Western Alliance Bancorporation Announces 7 Million Share Stock Offering

Western Alliance Bancorporation (NYSE: WAL) announced today that it expects to offer and sell 7,000,000 shares of its common stock in an underwritten public offering through Keefe, Bruyette & Woods.

Western Alliance intends to use the net proceeds from this offering for general corporate purposes, including making capital injections into its bank subsidiaries.

Posted-In: Offerings Markets Movers

 

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