Exhibit 12.1

Western Alliance Bancorporation

Ratio of Earnings to Fixed Charges		Years Ended December 31,
(dollars in thousands)		2008			2007		2006		2005		2004
Net Income From Continuing Operations	a	$	(236,460	)	$	32,875	$	39,889	$	28,065	$	20,057
Income Taxes	b		(54,166	)		15,513		21,587		15,372		10,961
Interest Expense on Deposits	c		69,136			98,128		65,612		25,546		12,123
Interest Expense on Borrowings	d		31,547			27,805		18,685		7,022		7,597
Earnings		$	(189,943	)	$	174,321	$	145,773	$	76,005	$	50,738
Preferred Stock Dividends	e	$	778		$	—	$	—	$	—	$	—
Fixed Charges	c+d+e	$	101,461		$	125,933	$	84,297	$	32,568	$	19,720
Ratio of Earnings to Fixed Charges (Including Interest Expense on Deposits)	(a+b+c+d)/(c+d+e)		—			1.38		1.73		2.33		2.57
Earnings Excluding Interest Expense on Deposits	a+b+d	$	(259,079	)	$	76,193	$	80,161	$	50,459	$	38,615
Fixed Charges Excluding Interest Expense on Deposits	d+e	$	32,325		$	27,805	$	18,685	$	7,022	$	7,597
Ratio of Earnings to Fixed Charges (Excluding Interest Expense on Deposits)	(a+b+d)/(d+e)		—			2.74		4.29		7.19		5.08