8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 21, 2010

WESTERN ALLIANCE BANCORPORATION

(Exact name of registrant as specified in its charter)

Arizona	001-32550	88-0365922
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

One E. Washington Street, Phoenix, Arizona  85004

  (Address of principal executive offices)                   (Zip Code)

(602) 389-3500

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On October 21, 2010, Western Alliance Bancorporation issued a press release reporting results for the fiscal quarter and year to date ended September 30, 2010 and posted on its website its third quarter 2010 Earnings Conference Call Presentation, which contains certain additional historical and forward-looking information relating to the Company.  Copies of the press release and presentation slides are attached hereto as Exhibits 99.1 and 99.2, respectively.

The information in this report (including exhibits 99.1 and 99.2 hereto) is being “furnished” and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set for the by specific reference in such filing.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

 (d) Exhibits.

99.1              Press Release dated October 21, 2010.

99.2              Third Quarter 2010 Earnings Conference Call Presentation dated October 21, 2010

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

WESTERN ALLIANCE BANCORPORATION
(Registrant)
By:	/s/ Dale Gibbons
	Dale Gibbons
	Executive Vice President and
	Chief Financial Officer

Date: October 21, 2010

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE	CONTACT:	Dale Gibbons
October 21, 2010		CFO
		602-952-5476

Western Alliance Reports Results for the Third Quarter 2010

●   Increased Core Earnings Power, Improving Asset Quality Trends

●   Deposit Growth of $98 Million, Loan Growth of $44 Million

Phoenix – October 21, 2010 -- Western Alliance Bancorporation (NYSE:WAL) announced today its financial results for the third quarter 2010.

Third Quarter 2010 Highlights:

· Pre-tax, pre-provision operating earnings of $24.6 million, up 8.3% from $22.7 million in second quarter 2010 and 77.5% from $13.8 million in third quarter 2009 1

· Record net interest income of $59.5 million, compared to $57.5 million in prior quarter and $49.0 million in same quarter last year

· Net interest margin of 4.32%, compared to 4.16% in second quarter and 3.69% in third quarter last year

· Nonperforming assets (nonaccrual loans and repossessed assets) of 3.9% of total assets, compared to 4.0% in second quarter 2010 and 4.1% in third quarter 2009

· Total classified loans (including those on nonaccrual and watch loans) of $491 million at September 30, 2010, compared to $562 million at June 30, 2010 and $621 million at September 30, 2009

· Provision for credit losses of $23.0 million, compared to $23.1 million in second quarter and $50.8 million in third quarter last year

· Net loan charge-offs of $24.8 million, down from $25.8 million for the second quarter and $30.7 million in third quarter last year

· Net income of $2.0 million, including net securities/mark-to-market gains of $5.3 million and net loss on repossessed asset valuations/sales of $4.9 million

· Diluted net loss per common share of $0.01 compared to net loss of $0.02 for the second quarter of 2010 and $0.37 net loss for the third quarter 2009

· Tangible common equity of $449 million or 7.3% of tangible assets, up $44 million from $405 million or 6.8% of assets at June 30, 2010 due to proceeds from our equity offering 1

· Tier I Leverage capital of 9.9% and Total Risk-Based Capital ratio of 13.6%, both significantly above “Well Capitalized” thresholds

______________________________

1See Reconciliation of Non-GAAP Financial Measures beginning on page 17

· Completion of a debt offering contributing $72.8 million in liquidity at parent company

Financial Performance

“The third quarter of 2010 was our fifth consecutive quarter of improvement in our earnings power as shown by our pre-tax, pre-provision income of $24.6 million. 1 Loan and deposit growth remained strong compared to peers and our interest margin expanded while operating expenses were held flat.” said Robert Sarver, Chairman and Chief Executive Officer of Western Alliance Bancorporation.  “In the third quarter, we successfully completed both an equity and a debt offering demonstrating continued investor confidence in our Company. Proceeds from these offerings bolstered our already strong capital position taking our consolidated Leverage Ratio to nearly 10% and further strengthened the ratios for each of our affiliates.”

Ken Vecchione, President and Chief Operating Officer, added, “We made additional progress in de-risking our balance sheet during the quarter as classified and criticized assets continued to decline in addition to reducing our construction loan exposure. Since the end of last year we have reported sequential improvement in several key performance metrics, including a higher net interest income, increased operating revenue, lower operating expense, and improved credit quality. An important hurdle in our return to sustained profitability is having our pre-tax, pre-provision income exceed our loan loss provision, which it did this quarter for the first time since 2008.”

Western Alliance Bancorporation reported net income of $2.0 million in the third quarter 2010, including a net loss from sales/valuation of repossessed assets of $4.9 million, a loss on discontinued operations net of tax of $0.6 million, net gains from securities/mark-to-market of $5.3 million and a net gain from sale of Premier Trust of $0.6 million.

The Company reported net loss per common share of $0.01 in the third quarter 2010. The loss included $0.06 loss from sales/valuations of repossessed assets, loss from discontinued affinity credit card operations held for sale net of tax of $0.01, and net gain from securities sales of $0.07.

Total loans increased $44 million to $4.17 billion at September 30, 2010 from $4.13 billion on June 30, 2010.  This increase was driven by growth in commercial and industrial and commercial real estate loans; partially offset by reductions in construction and land loans. Geographically, loans outstanding at our Nevada affiliates decreased by $40 million and increased by $84 million at our Arizona and California affiliates during the third quarter 2010.

Total deposits increased $98 million to $5.33 billion at September 30, 2010 from $5.23 billion at June 30, 2010, with significant growth in non-interest bearing demand, interest bearing demand and money market accounts, partially offset by a decline in higher cost certificates of deposit including CDARS. Deposits increased $576 million from September 30, 2009.

Income Statement

Net interest income increased 3.5 percent to $59.5 million in the third quarter 2010 from $57.5 million in the second quarter 2010 and 21.4 percent compared to the third quarter 2009, propelled by both reductions in cost of funds and increases in interest income. The net interest margin in the third quarter 2010 was 4.32 percent compared to 4.16 percent in the second quarter 2010 and 3.69 percent in the third quarter of last year.

The provision for credit losses was $23.0 million for the third quarter 2010 compared to $23.1 million for the second quarter 2010 and $50.8 million for the third quarter 2009. Nonaccrual loans and repossessed assets were $241 million or 3.9 percent of total assets at September 30, 2010, compared with $239 million or 4 percent of total assets at June 30, 2010 and $239 million or 4.1 percent of total assets at September 30, 2009. Net loan charge-offs in the third quarter 2010 were $24.8 million or 2.41 percent of average loans (annualized), compared to net charge-offs of $25.8 million or 2.53 percent of average loans (annualized) for the second quarter 2010 and $30.7 million or 3.05 percent of average loans (annualized) for the third quarter 2009.  Loans past due 90 days and still accruing totaled $5.7 million at September 30, 2010, down from $8.2 million at June 30, 2010 and up from $2.5 million at September 30, 2009. Loans past due 30-89 days totaled $20.4 million at quarter end, up from $20.3 million at June 30, 2010 and down from $44 million at September 30, 2009.

1See Reconciliation of Non-GAAP Financial Measures beginning on page 17

2

Operating non-interest income was $6.3 million for the third quarter 2010. This performance was a decrease from $7.5 million for the same period in 2009 and slight decrease from $6.5 million for the second quarter of 2010.1

Net revenue was $65.8 million for the third quarter 2010, an increase of 2.9 percent from $64 million for the second quarter of 2010 and 16.6 percent from net revenue of $56.4 million for the third quarter 2009.1

Operating non-interest expense was $41.3 million for the third quarter 2010, down 3.1 percent from operating non-interest expense of $42.6 million for the same period in 2009.1 For the second quarter 2010, operating non-interest expense was $41.3 million. The operating efficiency ratio was 62.4 percent for the third quarter 2010, compared to 64.4 percent for the prior quarter and 75.3 percent for the third quarter 2009.1 The Company had 907 full-time equivalent employees at September 30, 2010, compared to 961 at June 30, 2010 and 1,023 one year ago.

A key performance metric for the Company is its pre-tax, pre-provision operating earning power, which it defines as net revenue less its operating non-interest expense.1 For the third quarter 2010, the Company’s performance was $24.6 million, compared to $22.7 million in the second quarter 2010 and $13.8 million in the third quarter 2009.1

Balance Sheet

Gross loans totaled $4.17 billion at September 30, 2010, an increase of $44 million from June 30, 2010 and an increase of $206 million from $3.97 billion at September 30, 2009. At September 30, 2010 the allowance for credit losses was 2.59 percent of total loans down from 2.66 percent at June 30, 2010 and down from 2.62 percent at September 30, 2009.

Deposits totaled $5.33 billion at September 30, 2010, an increase of $98 million from $5.23 billion at June 30, 2010 and an increase of $576 million from $4.75 billion at September 30, 2009.

Non-interest bearing deposits increased by $91.4 million to $1.42 billion at September 30, 2010 from June 30, 2010 and increased $267 million from $1.15 billion at September 30, 2009. Non-interest bearing deposits comprised 26.7 percent of total deposits at September 30, 2010.

At September 30, 2010 the Company’s loans were 78.3 percent of deposits, compared to 83.5 percent one year earlier and 79.0 percent at June 30, 2010. Borrowings, including junior subordinated debt totaled $109.2 million at September 30, 2010, down $72.1 million from one year earlier, and up $72.9 million for the quarter as a result of the recent debt offering.

Stockholders’ equity increased to $619.8 million at September 30, 2010 from $575.9 million at June 30, 2010.  At September 30, 2010 tangible common equity was 7.3 percent of tangible assets1 and total risk-based capital was 13.6 percent of risk-weighted assets.

Total assets increased 6 percent to $6.18 billion at September 30, 2010 from $5.83 billion at September 30, 2009 and increased 3.7 percent from $6.0 billion at June 30, 2010.

Operating Unit Highlights

Our Nevada banking operations, which are comprised of Bank of Nevada and First Independent Bank of Nevada, reported that loans declined $40 million during the third quarter and declined $174 million during the last 12 months to $2.32 billion at September 30, 2010. Deposits decreased $17 million since June 30, 2010 and increased $101 million over the last twelve months to $3.0 billion. Net loss for our Nevada banks was $5.8 million during the third quarter 2010, compared with a net loss of $9.6 million for the second quarter of 2010 and $23.8 million during the third quarter 2009.

1See Reconciliation of Non-GAAP Financial Measures beginning on page 17

3

Our California banking operations, which are comprised of Torrey Pines Bank and Alta Alliance Bank, reported that loans increased $29 million during the third quarter 2010 and increased $195 million during the last 12 months to $1.01 billion. Deposits increased $140 million and $143 million to $1.24 billion during the same periods, respectively. Net income for our California banks was $4.0 million during the third quarter 2010 compared with a net income of $2.6 million for the second quarter of 2010 and net loss of $0.6 million during the third quarter 2009.

Our Arizona banking operations, which consists of Alliance Bank of Arizona, reported loan growth of $54 million during the third quarter 2010 and an increase of $184 million during the last 12 months to $891.2 million. Deposits increased $13 million in the third quarter and increased $367 million during the last 12 months to $1.23 billion. Net income for our Arizona bank was $3.2 million during the third quarter 2010 compared with net income of $2.7 million during the second quarter of 2010 and a net loss of $1.1 million during the third quarter 2009.

Attached to this press release is summarized financial information for the quarter and year to date ended September 30, 2010.

Subsequent Event

On October 20, 2010, the Company published notices of the filing of applications to merge its Alta Alliance Bank subsidiary into its Torrey Pines Bank subsidiary, and its First Independent Bank of Nevada subsidiary into its Alliance Bank of Arizona subsidiary. The Company believes that reducing the number of banking charters will mitigate its risk profile while improving its operating efficiency. Subject to regulatory approval, these mergers are expected to be completed by year end.

Conference Call and Webcast

Western Alliance Bancorporation will host a conference call and live audio webcast to discuss its third quarter 2010 financial results at 11.00 a.m. ET on Friday, October 22, 2010. Participants may access the call by dialing 1-866-843-0890 and using passcode: 6583041 or via live audio webcast using the website link: http://www.talkpoint.com/viewer/ starthere.asp?Pres=132697. The webcast is also available via our website at www.westernalliancebancorp.com.  Participants should log in at least 15 minutes early to receive instructions. The call will be recorded and made available for replay after 2:00 p.m. ET October 22 until 9 a.m. ET No vember 8th by dialing 1-877-344-7529 using the pass code 445061.

About Western Alliance Bancorporation

Western Alliance Bancorporation is the parent company of Bank of Nevada, First Independent Bank of Nevada, Alliance Bank of Arizona, Torrey Pines Bank, Alta Alliance Bank, and Shine Investment Advisory Services.  These dynamic organizations provide a broad array of deposit and credit services to clients in Nevada, Arizona and California, and investment services in Colorado.  Staffed with experienced financial professionals, these organizations deliver a broader product array and larger credit capacity than community banks, yet are empowered to be more responsive to customers' needs than larger institutions.  Additional investor information can be accessed on the Investor Relations page of the company's website, www.westernalliancebancorp.com.

4

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements that relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements contained herein reflect our current views about future events and financial performance and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause our actual results to differ significantly from historical results and those expressed in any forward-looking statement.  Some factors that could cause actual results to differ materially from historical or expected results include: factors listed in the Form 10-K as filed with the Securities and Exchange Commission; changes in general economic conditions, either nationally or locally in the areas in which we conduct or will conduct our business; inflation, interest rate, market and monetary fluctuations; increases in competitive pressures among financial institutions and businesses offering similar products and services; higher defaults on our loan portfolio than we expect; changes in management’s estimate of the adequacy of the allowance for credit losses; legislative or regulatory changes or changes in accounting principles, policies or guidelines; management’s estimates and projections of interest rates and interest rate policy; the execution of our business plan; and other factors affecting the financial services industry generally or the banking industry in particular.

We do not intend and disclaim any duty or obligation to update or revise any industry information or forward-looking statements set forth in this press release to reflect new information, future events or otherwise.

This press release contains both financial measures based on accounting principles generally accepted in the United States (“GAAP”) and non-GAAP based financial measures, which are used where management believes it to be helpful in understanding Western Alliance Bancorporation’s results of operations or financial position.  Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconcilement to the comparable GAAP financial measure, can be found in this press release.  These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.

5

Western Alliance Bancorporation and Subsidiaries
Summary Consolidated Financial Data
Unaudited	At or for the Three Months									For the Nine Months
	Ended September 30,									Ended September 30,
	2010			2009			Change %			2010			2009			Change %
	(in thousands, except per share data)
Selected Balance Sheet Data:
(dollars in millions)
Total assets	$	6,179.1		$	5,831.3			6.0	%
Loans, net of deferred fees		4,173.5			3,968.0			5.2
Securities and money market investments		929.7			727.8			27.7
Federal funds sold and other		1.0			5.0			(80.0	)
Customer funds		5,415.3			5,016.3			8.0
Borrowings		72.9			79.4			(8.2	)
Junior subordinated and subordinated debt		36.3			101.9			(64.4	)
Stockholders' equity		619.8			603.0			2.8
Selected Income Statement Data:
(dollars in thousands)
Interest income	$	70,705		$	67,746			4.4	%	$	209,439		$	208,210			0.6	%
Interest expense		11,237			18,776			(40.2	)		37,796			57,709			(34.5	)
Net interest income		59,468			48,970			21.4			171,643			150,501			14.0
Provision for loan losses		22,965			50,750			(54.7	)		74,827			108,307			(30.9	)
Net interest income after provision for credit losses		36,503			(1,780	)		(2,150.7	)		96,816			42,194			129.5
Non-interest income		12,167			12,547			(3.0	)		47,556			166			28,548.2
Non-interest expense		46,109			50,448			(8.6	)		140,213			191,657			(26.8	)
Income (loss) from continuing operations
before income taxes		2,561			(39,681	)		(106.5	)		4,159			(149,297	)		(102.8	)
Income tax benefit		(79	)		(16,724	)		(99.5	)		(1,830	)		(28,195	)		(93.5	)
Income (loss) from continuing operations		2,640			(22,957	)		(111.5	)		5,989			(121,102	)		(104.9	) %
Loss on discontinued operations, net		(631	)		(958	)		(34.1	)		(2,368	)		(3,392	)
Net income (loss)	$	2,009		$	(23,915	)		(108.4	) %	$	3,621		$	(124,494	)
Intangible asset amortization, net of tax	$	586		$	614			(4.7	) %	$	1,764		$	1,843			(4.3	) %
Diluted net loss from continuing operations	$	0.00		$	(0.35	)				$	(0.02	)	$	(2.36	)
Diluted net loss from discontinued operations, net of tax	$	(0.01	)	$	(0.01	)				$	(0.03	)	$	(0.06	)
Diluted net loss per common share	$	(0.01	)	$	(0.37	)		(97.3	) %	$	(0.05	)	$	(2.42	)		(97.9	) %
Common Share Data:
Diluted net income (loss) per common share	$	(0.01	)	$	(0.37	)		(97.3	) %	$	(0.05	)	$	(2.42	)		(97.9	) %
Book value per common share	$	6.01		$	6.56			(8.4	) %
Tangible book value per share, net of tax (1)	$	5.58		$	5.94			(6.1	) %
Average shares outstanding (in thousands):
Basic		75,554			71,697			5.4			73,240			54,471			34.5
Diluted		75,960			71,697			5.9			73,634			54,471			35.2
Common shares outstanding		81,503			72,489			12.4
(1) See Reconciliation of Non-GAAP Financial Measures

6

Western Alliance Bancorporation and Subsidiaries
Summary Consolidated Financial Data (continued)
Unaudited
	At or for the Three Months									For the Nine Months
	Ended September 30,									Ended September 30,
	2010			2009			Change %			2010			2009			Change %
	(in thousands, except per share data)
Selected Performance Ratios:
Return on average assets (1)		0.13	%		(1.63	) %		(108.0	) %		0.13	%		(3.03	) %		(104.3	) %
Return on average stockholders' equity (1)		1.31			(14.78	)		(108.9	)		1.35			(30.16	)		(104.5	)
Net interest margin (1)		4.32			3.69			17.1			4.22			4.07			3.7
Net interest spread		4.03			3.26			23.6			3.90			3.63			7.4
Efficiency ratio - tax equivalent basis (2)		62.39			75.29			(17.1	)
Loan to deposit ratio		78.32			83.50			(6.2	)
Capital Ratios:
Tangible equity (2)		9.4	%		9.5	%		(0.7	) %
Tangible common equity (2)		7.3			7.3			0.2
Tier one common equity (2)		9.0			8.4			6.0
Tier 1 Leverage ratio		9.9			9.6			3.1
Tier 1 Risk Based Capital		12.4			12.1			2.5
Total Risk Based Capital		13.6			14.7			(7.5	)
Asset Quality Ratios:
Net charge-offs to average loans outstanding (1)		2.41	%		3.05	%		(21.0	) %		2.47	%		2.60	%		(5.0	) %
Nonaccrual loans to gross loans		3.14			4.19			(25.1	)
Nonaccrual loans and repossessed assets to total assets		3.90			4.10			(4.9	)
Loans past due 90 days and still accruing to total loans		0.14			0.06			133.3
Allowance for credit losses to loans		2.59			2.62			(1.1	)
Allowance for credit losses to nonaccrual loans		82.63			62.65			31.9
(1) Annualized for the three and nine month periods ended September 30, 2010 and 2009.
(2) See Reconciliation of Non-GAAP Financial Measures

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Western Alliance Bancorporation and Subsidiaries
Condensed Consolidated Statements of Operations
Unaudited	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2010			2009			2010			2009
Interest income:	(dollars in thousands)
Loans	$	64,273		$	61,380		$	190,641		$	187,901
Investment securities		6,047			5,891			17,679			19,605
Federal funds sold and other		385			475			1,119			704
Total interest income		70,705			67,746			209,439			208,210
Interest expense:
Deposits		9,531			16,067			32,677			48,130
Customer repurchase agreements		74			867			471			3,163
Borrowings		896			585			1,714			2,697
Junior subordinated and subordinated debt		736			1,257			2,934			3,719
Total interest expense		11,237			18,776			37,796			57,709
Net interest income		59,468			48,970			171,643			150,501
Provision for credit losses		22,965			50,750			74,827			108,307
Net interest income after provision for credit losses		36,503			(1,780	)		96,816			42,194
Non-interest income
Unrealized gains (losses) on assets
and liabilities measured at fair value, net		(210	)		1,987			6,341			5,609
Securities impairment charges		-			(1,044	)		(1,174	)		(42,036	)
Gains on sales of investment securities, net		5,460			4,146			19,757			15,933
Gain on extinguishment of debt		-			-			3,000			-
Trust and investment advisory services		1,001			2,369			3,395			6,967
Service charges		2,276			2,212			6,791			5,874
Operating lease income		998			1,079			2,928			2,976
Bank owned life insurance		773			574			2,271			1,523
Other		1,869			1,224			4,247			3,320
		12,167			12,547			47,556			166
Non-interest expenses:
Salaries and employee benefits		21,860			23,694			65,461			70,697
Occupancy		4,890			5,346			14,505			15,762
Insurance		4,115			2,326			11,366			9,034
Net loss (gain) on sales and valuations of repossessed assets		4,855			7,283			15,836			16,193
Repossessed asset and loan expenses		1,918			1,430			5,847			4,585
Legal, professional and director's fees		1,546			1,810			5,553			4,995
Customer service		987			1,001			3,205			3,145
Intangible amortization		901			945			2,714			2,835
Marketing		878			543			3,079			3,122
Data Processing		842			951			2,427			3,303
Operating lease depreciation		627			722			1,963			2,479
Goodwill impairment		-			576			-			45,576
Other		2,690			3,821			8,257			9,931
		46,109			50,448			140,213			191,657
Income (loss) from continuning operations before
income taxes		2,561			(39,681	)		4,159			(149,297	)
Income tax benefit		(79	)		(16,724	)		(1,830	)		(28,195	)
Income (loss) from continuing operations		2,640			(22,957	)		5,989			(121,102	)
Loss from discontined operations net of tax benefit		(631	)		(958	)		(2,368	)		(3,392	)
Net income (loss)		2,009			(23,915	)		3,621			(124,494	)
Preferred stock dividends		1,750			1,750			5,250			5,250
Accretion on preferred stock discount		716			689			2,149			2,045
Net loss available to common stockholders	$	(457	)	$	(26,354	)	$	(3,778	)	$	(131,789	)
Loss per share	$	(0.01	)	$	(0.37	)	$	(0.05	)	$	(2.42	)

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Western Alliance Bancorporation and Subsidiaries
Five Quarter Condensed Consolidated Statements of Operations
Unaudited
	Three Months Ended
	Sept. 30,			June 30,			Mar. 31,			Dec. 31,			Sept. 30,
	2010			2010			2010			2009			2009
Interest income:	(in thousands, except per share data)
Loans	$	64,273		$	64,201		$	62,167		$	60,532		$	61,380
Investment securities		6,047			5,327			6,304			6,621			5,891
Federal funds sold and other		385			472			263			660			475
Total interest income		70,705			70,000			68,734			67,813			67,746
Interest expense:
Deposits		9,531			11,067			12,079			13,785			16,067
Borrowings		970			483			733			992			1,452
Junior subordinated and subordinated debt		736			994			1,204			1,248			1,257
Total interest expense		11,237			12,544			14,016			16,025			18,776
Net interest income		59,468			57,456			54,718			51,788			48,970
Provision for credit losses		22,965			23,115			28,747			40,792			50,750
Net interest income after provision for credit losses		36,503			34,341			25,971			10,996			(1,780	)
Non-interest income
Mark-to-market (losses) gains, net		(210	)		6,250			301			(1,874	)		1,987
Gains on sales of investment securities, net		5,460			6,079			8,218			167			4,146
Gain on extinguishment of debt		-			3,000			-			-			-
Securities impairment charges		-			(1,071	)		(103	)		(1,748	)		(1,044	)
Trust and investment advisory services		1,001			1,181			1,213			2,320			2,369
Service charges		2,276			2,319			2,197			2,298			2,212
Operating lease income		998			967			964			1,091			1,079
Bank owned life insurance		773			780			719			669			574
Other		1,869			1,255			1,120			1,346			1,224
		12,167			20,760			14,629			4,269			12,547
Non-interest expenses:
Salaries and employee benefits		21,860			22,161			21,440			20,807			23,694
Occupancy		4,890			4,828			4,787			5,040			5,346
Insurance		4,115			3,759			3,492			2,991			2,326
Repossessed asset and loan expenses		1,918			1,564			2,364			1,779			1,430
Net (gain) loss on sales and valuations of repossessed assets		4,855			11,994			(1,014	)		5,081			7,283
Legal, professional and director's fees		1,546			2,139			1,868			3,978			1,810
Marketing		878			1,045			1,156			1,185			543
Intangible amortization		901			907			907			945			945
Customer service		987			1,154			1,065			1,145			1,001
Data Processing		842			793			791			971			951
Operating lease depreciation		627			647			689			750			722
Goodwill impairment		-			-			-			4,095			576
Other		2,690			2,271			3,298			2,553			3,821
		46,109			53,262			40,843			51,320			50,448
Income (loss) from continuing operations before
income taxes		2,561			1,839			(243	)		(36,055	)		(39,681	)
Income tax benefit		(79	)		(190	)		(1,562	)		(10,258	)		(16,724	)
Income (loss) from continuing operations	$	2,640		$	2,029		$	1,319		$	(25,797	)	$	(22,957	)
Loss from discontinued operations, net of tax		(631	)		(802	)		(935	)		(1,115	)		(958	)
Net income (loss)	$	2,009		$	1,227		$	384		$	(26,912	)	$	(23,915	)
Preferred stock dividends		1,750			1,750			1,750			1,750			1,750
Accretion on preferred stock		716			716			716			697			689
Net loss available to common stockholders	$	(457	)	$	(1,239	)	$	(2,082	)	$	(29,359	)	$	(26,354	)
Loss per share	$	(0.01	)	$	(0.02	)	$	(0.03	)	$	(0.41	)	$	(0.37	)

9

Western Alliance Bancorporation and Subsidiaries
Five Quarter Condensed Consolidated Balance Sheets
Unaudited
	Sept. 30,			June 30,			March 31,			Dec. 31,			Sept. 30,
	2010			2010			2010			2009			2009
Assets:	(in millions)
Cash and due from banks	$	615.0		$	560.6		$	827.6		$	393.3		$	752.9
Federal funds sold and other		1.0			-			2.4			3.5			5.0
Cash and cash equivalents		616.0			560.6			830.0			396.8			757.9
Securities and money market investments		929.7			848.6			781.1			864.8			727.8
Loans:
Commercial		876.8			832.8			757.9			802.2			687.7
Commercial real estate - owner occupied		1,227.7			1,234.1			1,209.3			1,091.4			1,095.3
Construction and land development		488.3			532.4			556.9			623.2			685.2
Commercial real estate - non-owner occupied		981.4			926.0			902.9			933.2			830.4
Residential real estate		533.6			536.1			560.2			568.3			600.4
Consumer		71.4			74.6			77.6			80.3			77.3
Deferred fees, net		(5.7	)		(6.0	)		(5.7	)		(19.0	)		(8.3	)
		4,173.5			4,130.0			4,059.1			4,079.6			3,968.0
Allowance for credit losses		(108.2	)		(110.0	)		(112.7	)		(108.6	)		(104.2	)
Loans, net		4,065.3			4,020.0			3,946.4			3,971.0			3,863.8
Premises and equipment, net		116.5			118.7			121.2			125.9			128.6
Other repossessed assets		110.1			104.4			105.6			83.3			72.8
Bank owned life insurance		94.8			94.0			93.2			92.5			91.8
Goodwill and other intangibles		40.2			41.3			42.2			43.1			51.6
Other assets		206.5			171.9			176.5			175.9			137.0
Total assets	$	6,179.1		$	5,959.5		$	6,096.2		$	5,753.3		$	5,831.3
Liabilities and Stockholders' Equity:
Liabilities:
Deposits:
Non-interest bearing demand deposits	$	1,421.7		$	1,330.4		$	1,348.7		$	1,157.0		$	1,154.8
Interest bearing
Demand		645.4			611.4			510.2			362.7			339.4
Savings and money market		1,892.2			1,845.9			1,798.5			1,752.5			1,802.5
Time certificates		1,369.2			1,442.5			1,532.7			1,449.9			1,455.5
Total deposits		5,328.5			5,230.2			5,190.1			4,722.1			4,752.2
Customer repurchase agreements		86.8			87.1			169.1			223.3			264.1
Total customer funds		5,415.3			5,317.3			5,359.2			4,945.4			5,016.3
Borrowings		72.9			-			20.0			29.4			79.4
Junior subordinated and subordinated debt		36.3			36.3			102.3			102.4			101.9
Accrued interest payable and other liabilities		34.8			30.0			39.0			100.4			30.7
Total liabilities		5,559.3			5,383.6			5,520.5			5,177.6			5,228.3
Stockholders' Equity
Common stock and additional paid-in capital		737.8			688.2			686.0			684.1			682.1
Preferred Stock		130.1			129.4			128.7			127.9			127.3
Retained earnings (deficit)		(245.5	)		(245.0	)		(243.7	)		(241.7	)		(212.4	)
Accumulated other comprehensive income (loss)		(2.6	)		3.3			4.7			5.4			6.0
Total stockholders' equity		619.8			575.9			575.7			575.7			603.0
Total liabilities and stockholders' equity	$	6,179.1		$	5,959.5		$	6,096.2		$	5,753.3		$	5,831.3

10

Western Alliance Bancorporation and Subsidiaries
Changes in the Allowance For Credit Losses
Unaudited
	Three Months Ended
	Sept. 30,			June 30,			March 31,			Dec. 31,			Sept. 30,
	2010			2010			2010			2009			2009
	(in thousands)
Balance, beginning of period	$	110,013		$	112,724		$	108,623		$	104,181		$	84,143
Provision for credit losses		22,965			23,115			28,747			40,792			50,750
Recoveries of loans previously charged-off:
Construction and land development		214			1,801			409			888			608
Commercial real estate		160			808			22			91			139
Residential real estate		1,209			295			231			340			11
Commercial and industrial		389			573			1,238			216			442
Consumer		47			14			67			42			6
Total recoveries		2,019			3,491			1,967			1,577			1,206
Loans charged-off:
Construction and land development		3,843			7,921			8,638			9,859			13,717
Commercial real estate		12,813			7,827			5,884			6,204			3,125
Residential real estate		3,695			7,835			5,855			5,909			5,619
Commercial and industrial		5,036			4,602			4,757			14,924			8,329
Consumer		1,440			1,132			1,479			1,031			1,128
Total loans charged-off		26,827			29,317			26,613			37,927			31,918
Net loans charged-off		24,808			25,826			24,646			36,350			30,712
Balance, end of period	$	108,170		$	110,013		$	112,724		$	108,623		$	104,181
Net charge-offs (annualized) to average loans outstanding		2.41	%		2.53	%		2.43	%		3.68	%		3.05	%
Allowance for credit losses to gross loans		2.59			2.66			2.78			2.66			2.62
Nonaccrual loans	$	130,905		$	134,264		$	148,760		$	153,702		$	166,286
Repossessed assets		110,096			104,365			105,637			83,347			72,807
Loans past due 90 days, still accruing		5,667			8,233			8,437			5,538			2,538
Loans past due 30 to 89 days, still accruing		20,432			20,343			38,611			50,376			43,980
Classified loans		285,972			304,270			336,624			374,847			344,513
Watch loans		205,114			257,715			266,734			325,721			276,665

11

Western Alliance Bancorporation and Subsidiaries
Analysis of Average Balances, Yields and Rates
Unaudited
	Three Months Ended September 30,
	2010								2009
	Average Balance			Interest		Average Yield/ Cost			Average Balance			Interest		Average Yield/ Cost
Interest earning assets	($ in millions)			($ in thousands)					($ in millions)			($ in thousands)
Investment securities (1)	$	903.3		$	6,075		2.80	%	$	600.8		$	5,781		3.91	%
Federal funds sold and other		11.2			29		1.03	%		35.6			141		1.57	%
Loans (1)		4,115.9			64,273		6.20	%		4,027.0			61,380		6.05	%
Short term investments		421.2			299		0.28	%		570.3			334		0.23	%
Investment in restricted stock		39.8			29		0.29	%		41.1			110		1.06	%
Total interest earning assets		5,491.4			70,705		5.13	%		5,274.8			67,746		5.11	%
Non-interest earning assets
Cash and due from banks		121.3								220.0
Allowance for credit losses		(111.9	)							(89.5	)
Bank owned life insurance		94.3								91.4
Other assets		402.1								336.9
Total assets	$	5,997.2							$	5,833.6
Interest-bearing liabilities
Interest-bearing deposits:
Interest-bearing transaction accounts	$	659.3		$	708		0.43	%	$	326.9		$	928		1.13	%
Savings and money market		1,890.0			4,032		0.85	%		1,777.4			6,700		1.50	%
Time certificates of deposit		1,341.6			4,791		1.42	%		1,382.9			8,439		2.42	%
Total interest-bearing deposits		3,890.9			9,531		0.97	%		3,487.2			16,067		1.83	%
Borrowings		118.8			970		3.24	%		428.4			1,452		1.34	%
Junior subordinated and subordinated debt		36.3			736		8.04	%		102.3			1,257		4.87	%
Total interest-bearing liabilities		4,046.0			11,237		1.10	%		4,017.9			18,776		1.85	%
Noninterest-bearing liabilities
Noninterest-bearing demand deposits		1,317.2								1,141.3
Other liabilities		27.6								32.4
Stockholders’ equity		606.4								642.0
Total liabilities and stockholders' equity	$	5,997.2							$	5,833.6
Net interest income and margin				$	59,468		4.32	%				$	48,970		3.69	%
Net interest spread							4.03	%							3.26	%
(1) Yields on loans and securities have been adjusted to a tax equivalent basis. The taxable-equivalent adjustment was $307 and $141 for the third quarter ended 2010 and 2009, respectively.
(2) Net interest income and margin for the quarter ended June 30, 2010 was 4.16% as furnished in the second quarter report.

12

Western Alliance Bancorporation and Subsidiaries
Analysis of Average Balances, Yields and Rates
Unaudited
	Three Months Ended September 30,
	2010								2009
	Average Balance			Interest		Average  Yield/ Cost			Average Balance			Interest		Average Yield/ Cost
Interest earning assets	($ in millions)			($ in thousands)								($ in millions)		($ in thousands)
Investment securities (1)	$	903.3		$	6,075		2.80	%	$	600.8		$	5,781		3.91	%
Federal funds sold and other		11.2			29		1.03	%		35.6			141		1.57	%
Loans (1)		4,115.9			64,273		6.20	%		4,027.0			61,380		6.05	%
Short term investments		421.2			299		0.28	%		570.3			334		0.23	%
Investment in restricted stock		39.8			29		0.29	%		41.1			110		1.06	%
Total interest earning assets		5,491.4			70,705		5.13	%		5,274.8			67,746		5.11	%
Non-interest earning assets
Cash and due from banks		121.3								220.0
Allowance for credit losses		(111.9	)							(89.5	)
Bank owned life insurance		94.3								91.4
Other assets		402.1								336.9
Total assets	$	5,997.2							$	5,833.6
Interest-bearing liabilities
Interest-bearing deposits:
Interest-bearing transaction accounts	$	659.3		$	708		0.43	%	$	326.9		$	928		1.13	%
Savings and money market		1,890.0			4,032		0.85	%		1,777.4			6,700		1.50	%
Time certificates of deposit		1,341.6			4,791		1.42	%		1,382.9			8,439		2.42	%
Total interest-bearing deposits		3,890.9			9,531		0.97	%		3,487.2			16,067		1.83	%
Borrowings		118.8			970		3.24	%		428.4			1,452		1.34	%
Junior subordinated and subordinated debt		36.3			736		8.04	%		102.3			1,257		4.87	%
Total interest-bearing liabilities		4,046.0			11,237		1.10	%		4,017.9			18,776		1.85	%
Noninterest-bearing liabilities
Noninterest-bearing demand deposits		1,317.2								1,141.3
Other liabilities		27.6								32.4
Stockholders’ equity		606.4								642.0
Total liabilities and stockholders' equity	$	5,997.2							$	5,833.6
Net interest income and margin				$	59,468		4.32	%				$	48,970		3.69	%
Net interest spread							4.03	%							3.26	%

(1) Yields on loans and securities have been adjusted to a tax equivalent basis. The taxable-equivalent adjustment was $307 and $141 for the third quarter ended 2010 and 2009, respectively.

(2) Net interest income and margin for the quarter ended June 30, 2010 was 4.16% as furnished in the second quarter report.

13

Western Alliance Bancorporation and Subsidiaries
Analysis of Average Balances, Yields and Rates
Unaudited
	Nine Months Ended September 30,
	2010								2009
	Average Balance			Interest		Average Yield/ Cost			Average Balance			Interest		Average Yield/ Cost
Interest earning Assets	($ in millions)			($ in thousands)					($ in millions)			($ in thousands)
Investment securities (1)	$	845.2		$	17,679		2.91	%	$	586.6		$	19,294		4.59	%
Federal funds sold & other		22.2			151		0.91	%		22.8			370		2.17	%
Loans (1)		4,083.4			190,641		6.24	%		4,066.1			187,901		6.18	%
Short term investments		473.1			862		0.24	%		252.2			519		0.28	%
Investment in restricted stock		40.7			106		0.35	%		41.0			126		0.41	%
Total interest earnings assets		5,464.6			209,439		5.14	%		4,968.7			208,210		5.62	%
Non-interest earning assets
Cash and due from banks		109.7								175.0
Allowance for credit losses		(115.0	)							(81.5	)
Bank owned life insurance		93.5								91.1
Other assets		401.0								339.9
Total assets	$	5,953.8							$	5,493.2
Interest-bearing liabilities
Interest-bearing deposits:
Interest bearing transaction accounts	$	563.7		$	2,223		0.53	%	$	288.3		$	2,463		1.14	%
Savings and money market		1,837.7			12,894		0.94	%		1,622.3			20,961		1.73	%
Time certificates of deposits		1,447.0			17,560		1.62	%		1,238.4			24,706		2.67	%
Total interest-bearing deposits		3,848.4			32,677		1.14	%		3,149.0			48,130		2.04	%
Borrowings		157.8			2,185		1.85	%		622.2			5,860		1.26	%
Junior subordinated and subordinated debt		71.1			2,934		5.52	%		104.1			3,719		4.78	%
Total interest-bearing liabilities	$	4,077.3			37,796		1.24	%	$	3,875.3			57,709		1.99	%
Noninterest-bearing liabilities
Noninterest-bearing demand deposits		1,249.4								1,037.2
Other liabilities		34.4								28.8
Stockholders’ equity		592.7								551.9
Total liabilities and stockholders' equity	$	5,953.8							$	5,493.2
Net interest income and margin				$	171,643		4.22	%				$	150,501		4.07	%
Net interest spread							3.90	%							3.63	%
(1) Yields on loans and securities have been adjusted to a tax equivalent basis. The taxable-equivalent adjustment was $700 and $830 for the nine months ended September 30, 2010 and 2009, respectively.

14

Western Alliance Bancorporation and Subsidiaries
Operating Segment Results																Inter-
Unaudited																segment			Consoli-
										Asset						Elimi-			dated
	Nevada			California			Arizona			Management			Other			nations			Company
At September 30, 2010	(in millions)
Assets	$	3,334.2		$	1,404.1		$	1,403.3		$	3.9		$	732.0		$	(698.4	)	$	6,179.1
Gross loans and deferred fees, net		2,315.1			1,009.9			891.2			-			-			(42.7	)		4,173.5
Less: Allowance for credit losses		(75.9	)		(16.6	)		(15.7	)		-			-			-			(108.2	)
Net loans		2,239.2			993.3			875.5			-			-			(42.7	)		4,065.3
Goodwill		23.2			-			-			2.7			-			-			25.9
Deposits		2,894.0			1,232.6			1,244.1			-			-			(42.2	)		5,328.5
Stockholders' equity		365.2			134.6			110.4			3.5			622.1			(616.0	)		619.8
No. of branches		19			11			9			-			-			-			39
No. of FTE		506			201			143			7			50			-			907
Three Months Ended September 30, 2010:
	(in thousands)
Net interest income	$	32,025		$	15,830		$	12,716		$	2		$	(1,105	)	$	-		$	59,468
Provision for credit losses		19,349			2,166			1,450			-			-			-			22,965
Net interest income (loss) after
provision for credit losses		12,676			13,664			11,266			2			(1,105	)		-			36,503
Non-interest income		4,355			1,150			2,462			1,001			2,809			390			12,167
Non-interest expense		(26,386	)		(7,882	)		(8,475	)		(807	)		(3,655	)		1,096			(46,109	)
Income (loss) from continuing
operations before income taxes		(9,355	)		6,932			5,253			196			(1,951	)		1,486			2,561
Income tax expense (benefit)		(3,568	)		2,906			2,021			91			(1,529	)		-			(79	)
Income(loss) from continuing
operations		(5,787	)		4,026			3,232			105			(422	)		1,486			2,640
Loss from discontinued operations, net		-			-			-			-			(631	)		-			(631	)
Net income (loss)	$	(5,787	)	$	4,026		$	3,232		$	105		$	(1,053	)	$	1,486		$	2,009
Nine Months Ended September 30, 2010:
	(in thousands)
Net interest income	$	94,373		$	45,401		$	33,533		$	6		$	(1,670	)	$	-		$	171,643
Provision for credit losses		62,626			7,718			4,483			-			0			-			74,827
Net interest income (loss) after
provision for credit losses		31,747			37,683			29,050			6			(1,670	)		-			96,816
Non-interest income		19,078			3,449			6,079			3,399			14,342			1,209			47,556
Non-interest expense		(79,400	)		(28,672	)		(23,954	)		(2,752	)		(9,957	)		4,522			(140,213	)
Income (loss) from continuing
operations before income taxes		(28,575	)		12,460			11,175			653			2,715			5,731			4,159
Income tax expense (benefit)		(10,464	)		5,377			4,444			300			(1,487	)		-			(1,830	)
Income(loss) from continuing
operations		(18,111	)		7,083			6,731			353			4,202			5,731			5,989
Loss from discontinued operations, net		-			-			-			-			(2,368	)		-			(2,368	)
Net income (loss)	$	(18,111	)	$	7,083		$	6,731		$	353		$	1,834		$	5,731		$	3,621

15

Western Alliance Bancorporation and Subsidiaries
Operating Segment Results
Unaudited																Inter-
																segment			Consoli-
										Asset						Elimi-			dated
	Nevada			California			Arizona			Management			Other			nations			Company
At September 30, 2009	(in millions)
Assets	$	3,457.1		$	1,264.9		$	1,024.9		$	19.4		$	118.6		$	(53.6	)	$	5,831.3
Gross loans and deferred fees		2,488.8			814.6			707.6			-			-			(43.0	)		3,968.0
Less: Allowance for credit losses		(74.9	)		(12.7	)		(16.6	)		-			-			-			(104.2	)
Net loans		2,413.9			801.9			691.0			-			-			(43.0	)		3,863.8
Goodwill		23.2			-			-			10.7			-			-			33.9
Deposits		2,792.9			1,089.5			877.4			-			-			(7.6	)		4,752.2
Stockholders' equity		315.7			120.6			73.6			17.0			81.5			(5.4	)		603.0
No. of branches		21			9			10			-			-			-			40
No. of FTE		583			211			145			43			41			-			1,023
Three Months Ended September 30, 2009
	(in thousands)
Net interest income	$	29,918		$	10,895		$	8,160		$	12		$	(15	)	$	-		$	48,970
Provision for credit losses		41,931			3,953			4,866			-			-			-			50,750
Net interest income after provision
for credit losses		(12,013	)		6,942			3,294			12			(15	)		-			(1,780	)
Non-interest income		4,201			1,073			1,676			2,452			2,206			939			12,547
Non-interest expense		(29,790	)		(9,203	)		(6,944	)		(2,640	)		(3,072	)		1,201			(50,448	)
Loss from continuing operations
before income taxes		(37,602	)		(1,188	)		(1,974	)		(176	)		(881	)		2,140			(39,681	)
Income tax expense (benefit)		(13,784	)		(623	)		(849	)		217			(287	)		(1,398	)		(16,724	)
Income(loss) from continuing
operations		(23,818	)		(565	)		(1,125	)		(393	)		(594	)		3,538			(22,957	)
Loss from discontinued operations, net		-			-			-			-			(958	)		-			(958	)
Net income (loss)	$	(23,818	)	$	(565	)	$	(1,125	)	$	(393	)	$	(1,552	)	$	3,538		$	(23,915	)
Nine Months Ended September 30, 2009
	(in thousands)
Net interest income	$	94,186		$	33,240		$	24,525		$	43		$	(1,493	)	$	-		$	150,501
Provision for credit losses		86,580			8,646			13,081			-			-			-			108,307
Net interest income after provision
for credit losses		7,606			24,594			11,444			43			(1,493	)		-			42,194
Non-interest income		3,864			3,468			4,426			7,066			1,923			(20,581	)		166
Goodwill impairment charge		(45,000	)		-			-			(576	)		-			-			(45,576	)
Non-interest expense		(82,560	)		(30,414	)		(25,114	)		(6,377	)		(6,918	)		5,302			(146,081	)
Loss from continuing operations
before income taxes		(116,090	)		(2,352	)		(9,244	)		156			(6,488	)		(15,279	)		(149,297	)
Income tax expense (benefit)		(25,165	)		(687	)		(3,577	)		459			(2,426	)		3,201			(28,195	)
Income(loss) from continuing
operations		(90,925	)		(1,665	)		(5,667	)		(303	)		(4,062	)		(18,480	)		(121,102	)
Loss from discontinued operations, net		-			-			-			-			(3,392	)		-			(3,392	)
Net income (loss)	$	(90,925	)	$	(1,665	)	$	(5,667	)	$	(303	)	$	(7,454	)	$	(18,480	)	$	(124,494	)

16

Western Alliance Bancorporation and Subsidiaries
Reconciliation of Non-GAAP Financial Measures (Unaudited)
	Sept. 30,			June 30,			Mar. 31,			Dec. 31,				Sept. 30,
	2010			2010			2010			2009				2009
	(dollars in thousands)
Total stockholder's equity	$	619,764		$	575,858		$	575,779		$	575,725			$	602,967
Less:
Goodwill and intangible assets		40,180			41,307			42,214			43,121				51,589
Total tangible stockholders' equity		579,584			534,551			533,565			532,604				551,378
Less:
Preferred stock		130,094			129,378			128,661			127,945				127,248
Total tangible common equity		449,490			405,173			404,904			404,659				424,130
Add:
Deferred tax		5,087			5,400			5,713			6,026				6,339
Total tangible common equity, net of tax	$	454,577		$	410,573		$	410,617		$	410,685			$	430,469
Total assets	$	6,179,146		$	5,959,479		$	6,096,238		$	5,753,279			$	5,831,317
Less:
Goodwill and intangible assets		40,180			41,307			42,214			43,121				51,589
Tangible assets		6,138,966			5,918,172			6,054,024			5,710,158				5,779,728
Add:
Deferred tax		5,087			5,400			5,713			6,026				6,652
Total tangible assets, net of tax	$	6,144,053		$	5,923,572		$	6,059,737		$	5,716,184			$	5,786,380
Tangible equity ratio (1)		9.4	%		9.0	%		8.8	%		9.3	%			9.5	%
Tangible common equity ratio (2)		7.3	%		6.8	%		6.7	%		7.1	%			7.3	%
Quarter to date shares		81,503			73,344			73,031			72,504				72,489
Tangible book value per share, net of tax (3)	$	5.58		$	5.60		$	5.62		$	5.66			$	5.94
	Three Months Ended
	Sept. 30,			June 30,			Mar. 31,			Dec. 31,				Sept. 30,
		2010			2010			2010			2009				2009
	(in thousands)
Total non-interest income	$	12,167		$	20,760		$	14,629		$	4,269			$	12,547
Less:
Mark-to-market (losses) gains, net		(210	)		6,250			301			(1,874	)			1,987
Securities impairment charges		-			(1,071	)		(103	)		(1,748	)			(1,044	)
Gains on sales of investment securities, net		5,460			6,079			8,218			167				4,146
Gain on extinguishment of debt		-			3,000			-			-				-
Gain on sale of subsidiary		568			-			-			54				-
Total operating non-interest income		6,349			6,502			6,213			7,724				7,458
Add: net interest income		59,468			57,456			54,718			51,788				48,970
Net revenue (4)	$	65,817		$	63,958		$	60,931		$	59,512		-	$	56,428
Total non-interest expense	$	46,109		$	53,262		$	40,843		$	51,320			$	50,448
Less:
Net loss (gain) on sales/valuations of
repossessed assets		4,855			11,994			(1,014	)		5,081				7,283
Goodwill impairment		-			-			-			4,095				576
Total operating non-interest expense (4)	$	41,254		$	41,268		$	41,857		$	42,144			$	42,589
Net revenue	$	65,817		$	63,958		$	60,931			59,512			$	56,428
Less:
Operating non-interest expense		41,254			41,268			41,857			42,144				42,589
Pre-tax, pre-provision operating earnings (5)	$	24,563		$	22,690		$	19,074		$	17,368			$	13,839

17

Western Alliance Bancorporation and Subsidiaries
Reconciliation of Non-GAAP Financial Measures (Unaudited)
	Three Months Ended
	Sept. 30,			June 30,			Mar. 31,			Dec. 31,			Sept. 30,
	2010			2010			2010			2009			2009
	(in thousands)
Total operating non-interest expense	$	41,254		$	41,268		$	41,857		$	42,144		$	42,589
Divided by:
Total net interest income	$	59,468		$	57,456		$	54,718		$	51,788		$	48,970
Add:
Tax equivalent interest adjustment		307			149			244			265			141
Operating non-interest income		6,349			6,502			6,213			7,724			7,458
	$	66,124		$	64,107		$	61,175		$	59,777		$	56,569
Efficiency ratio - tax equivalent basis (6)		62.4	%		64.4	%		68.4	%		70.5	%		75.3	%

	Three Months Ended
	Sept. 30,			Sept. 30,
	2010			2009
Stockholder's equity		619,764			602,967
Less:
Accumulated other comprehensive (loss) income		(2,598	)		6,034
Non-qualifying goodwill and intangibles		35,837			46,042
Other non-qualifying assets		28,919			39,110
Add:
Qualifying trust preferred securities		34,326			39,862
Tier 1 capital (regulatory) (7)		591,932			551,643
Less:
Qualifying non-controlling interests		218			150
Qualifying trust preferred securities		34,326			39,862
Preferred stock		130,094			127,248
Estimated Tier 1 common equity (8)		427,294			384,383
Divided by:
Estimated risk-weighted assets (regulatory (8)		4,773,075			4,550,647
Tier 1 common equity ratio (8)		9.0	%		8.4	%

(1) We believe this non-GAAP ratio provides a critical metric with which to analyze and evaluate financial condition and capital strength.

(2) We believe this non-GAAP ratio provides critical metrics with which to analyze and evaluate financial condition and capital strength.

(3) We believe this non-GAAP ratio improves the comparability to other institutions that have not engaged in acquisitions that resulted in recorded goodwill and other intangibles.

(4) We believe this non-GAAP measurement is better indicative of the cash generating capacity of the Company.

(5) We believe this non-GAAP measurement is a key indicator of the earnings power of the Company which is otherwise obscured by the asset quality issues.

(6) We believe this non-GAAP ratio provides understanding of the operating efficiency of the Company.

(7) Under the guidelines of the Federal Reserve and the FDIC in effect at September 30, 2010, Tier 1 capital consisted of common stock, retained earnings, non-cumulative perpetual preferred stock, trust preferred securities up to a certain limit, and minority interests in certain subsidiaries, less most other intangible assets.

(8) Tier 1 common equity is often expressed as a percentage of risk-weighted assets.  Under the risk-based capital framework, a bank's balance sheet assets and credit equivalent amounts of off-balance sheet items, are assigned to one of four broad risk categories.  The aggregated dollar amount in each category is then multiplied by the risk weighting assigned to that category.  The resulting weighted values from each of the four categories are added toget her and his sum is the risk-weighted assets total that, as adjusted, comprises the denominator (risk-weighted assets) to determine the Tier 1 capital ratio.  Adjustments are made to Tier 1 capital to arrive at Tier 1 common equity.  Tier 1 common equity is also divided by the risk-weighted assets to determine the Tier 1 common equity ratio.  We believe this non-GAAP ratio provides a critical metric with which to analyze and evaluate financial condition and capital strength.

18

EX-99.2

Exhibit 99.2

Robert Sarver

Chairman & CEO

Ken Vecchione

President & COO

Dale Gibbons

Executive Vice President & CFO (Gp:) 3rd Quarter 2010 Earnings Conference Call (Gp:) Western Alliance Bancorporation (NYSE: WAL) (Gp:) October 22, 2010

Forward-Looking Information This presentation contains forward-looking statements that relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements contained herein reflect our current views about future events and financial performance and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause our actual results to differ significantly from historical results and those expressed in any forward-looking statement. Some factors that could cause actual results to differ materially from historical or expected results include: factors listed in the Company’s annual report on Form 10-K as filed with the Securities and Exchange Commission; chan ges in general economic conditions, either nationally or locally in the areas in which we conduct or will conduct our business; inflation, interest rate, market and monetary fluctuations; increases in competitive pressures among financial institutions and businesses offering similar products and services; higher defaults on our loan portfolio than we expect; changes in management’s estimate of the adequacy of the allowance for loan losses; legislative or regulatory changes or changes in accounting principles, policies or guidelines; supervisory actions by regulatory agencies which may limit our ability to pursue certain growth opportunities; management’s estimates and projections of interest rates and interest rate policy; the execution of our business plan; and other factors affecting the financial services industry generally or the banking industry in particular. We do not intend and disclaim any duty or obligation to update or revise any industry information or forward-looking statements set f orth in this presentation to reflect new information, future events or otherwise. pg 2

Achieving Strategic Initiatives Focus on Core Banking Operations: Plans underway to consolidate bank charters from five to three by the end of Q4-2010. Sale of Premier Trust closed September 1st, realized gain of $0.6 million.  Reduce Non-Performing Assets: Continued improvement in non-performing, classified, watch and delinquent loans during Q3-2010, partially offset by increase in repossessed assets and restructured loans.  Increase Market Share: Q3-2010 loan growth of $44 million; deposit growth of $98 million. Market share increased in all regions between June 30, 2009 and June 30, 2010.* Opened two new California banking offices: downtown Los Angeles and Los Altos.  Strengthen Risk Management: Implemented new corporate-wide ERM Program. New director with significant banking experience joined WAL Board – Dr. Sung Won Sohn. pg 3

Charter Consolidation WAL has submitted applications to merge the following affiliate banks: Alta Alliance Bank into Torrey Pines Bank, First Independent Bank of Nevada into Alliance Bank of Arizona. Execution of this plan will reduce the number of bank charters from five to three which will mitigate our risk profile and improve our operating efficiency, Combined pro forma metrics will significantly improve. Over $2.0 million in expense savings to begin 30 days after FDIC approval. Senior bank staff will spend less time with organizational issues, shifting focus to business development. Each institution’s capital exceeds levels required by current regulatory standards and proposed Basel III revisions. WAL will continue to maintain strong local presence and management, as we distinguish our business model from larger com petitors.  3rd Qtr 2010 Financial Highlights  o Increased p re-tax, pre-credit income* by $1.9 million or 8.3% to $24.6 million from Q2-10: – Fifth consecutive quarterly increase.  Net interest income up $2.0 million or 3.5% over Q2-2010 to $59.5 million – Net Interest Margin increased to 4.32% from 4.16% in Q2-2010.  Net income of $2.0 million, including: – $23.0 million provision for loan and lease losses, – $4.9 million net write-down of repossessed and other assets, – $5.3 million net gain from sale of securities.  Four banks showing a year-to-date profit: – Four banks profitable for two consecutive quarters; three banks profitable for three consecutive quarters. pg 4

3rd Qtr 2010 Financial Highlights Increased pre-tax, pre-credit income* by $1.9 million or 8.3%  to $24.6 million from Q2-10:

Fifth consecutive quarterly increase. Net interest income up $2.0 million or 3.5% over Q2-2010 to $59.5 million Net Interest Margin  increased to 4.32% from 4.16% in Q2-2010.

Net income of $2.0 million, including: $23.0 million provision for loan and lease losses, $4.9 million net write-down of repossessed and other assets, $5.3 million net gain from sale of securities.

Four banks showing a year-to-date profit: Four banks profitable for two consecutive quarters; three banks profitable for three consecutive quarters.

pg 5 * Pre-tax pre-credit income is a non-GAAP number, for definition see table on page 7.

3rd Qtr 2010 Financial Highlights (cont’d.) Other Placeholder: Raised $121 million in liquidity at holding company: Proceeds over $48 million from new common equity, Proceeds over $73 million from new long term debt. Utilized new capital to shore up banks’ reserves and reduce burden of non-performing assets at bank level: Transferred $54 million in capital infusions to banks,Purchased $39 million in OREO from banks.  Maintained Strong Capital(1) Position: Tier 1 Common Equity(2) of 9.0% compared to 8.2% at Q2-2010, Tangible Common Equity of 7.3% compared to 6.8% at Q2-2010, Tier 1 Capital of $592 million; Leverage Ratio of 9.9%, Total Risk Based Capital of 13.6%.

pg. 6 (1) Capital figures are estimates until Call Reports are filed. (2) Tier 1 Common Equity is a non-GAAP number.

Strong Pre-Tax, Pre Credit Income(1) Growth Pre-tax, pre-credit income continues to climb toward interim goal of 2% of average total assets.% of Average Total Assets 8.3% growth in pre-tax, pre-credit income from Q2-2010. (in thousands) Q3-2009 Q4-2009 Q1-2010 Q2-2010 Q3-2010 Net Interest Income Non-Interest Income(2) Non-Interest Expense(2) $48,970 7,458 42,589 $51,788 7,724 42,144 $54,718 6,213 41,857 $57,456 6,502 41,268 $59,468 6,349 41,254 Pre-Tax, Pre-Credit Income $13,839 $17,368 $19,074 $22,690 $24,563  1.70% 1.50% 1.30% 1.10% 0.90% 0.70% 0.50% % of Average Total Assets Pre-tax, pre-credit income continues to climb toward interim goal of 2% of average total assets. 0.94% Q3-2009 Q4-2009 Q1-2010 Q2-2010 Q3-2010

pg. 7 (1) Pre-tax, pre-credit income is a non-GAAP number. (2) Excludes securities and goodwill impairment, mark-to-market gains/loses, gains/losses on sale of investment securities and repossessed assets, and gain on extinguishment of debt.

Three Consecutive Profitable Quarters Steady improvement in pre-tax, pre-credit (PTPC) income. Continuing decline in provision expense. Continued volatility in repossessed asset valuation. Securities gains offset valuation losses. (in thousands) Q1-2010 Q2-2010 Q3-2010 Pre-Tax, Pre-Credit Income* $19,074 $22,690 $24,563 Securities gains (losses) 8,218 6,079 5,460 Securities impairment -103 -1,071 0 Mark-to market gains (losses) 301 6,250 -210 Gain on extinguishment of debt 0 3,000 0 Gain on sale of Premier Trust 0 0 568 Provision for loan and lease losses -28,747 -23,115 22,965 Repossessed & other asset valuation 1,014 -11,994 -4,855 Net Non-Operating Income -19,317 -20,851 -22,002 Pre-tax Income -243 1,839 2,561 Income tax expense (benefit) -1562 -190 -79 Income from disc. Operations -935 -802 -631 Net Income $384 $1,227 $2,009  * P re-tax pre-cred it income is a non-GAAP number, for definition see table on page 7.  PTPC Income* and Reserves Exceed Losses  Charge Offs vs. Reserves 2.78% 2.63% 2.66% 2.66% 2.63% 2.43% 2.53% 2.42%   Q3-09 Q4-09 Q1-10 Q2-10 Q3-10 Net Charge Offs/Total Loans Reserve/Total Loans  Pre-tax, Pre-Credit Income First surplus in 8 consecutive Reserve ratio has exceeded surpassed Provision expense by quarters (since Q3-2008). net charge off ratio for 3 nearly $2 million in Q3-2010. consecutive quarters.

pg. 8 * Pre-tax pre-creidt income is a non-GAAP number, for definition see table on page 7.

PTPC Income* and Reserves Exceed Losses

PTPC Income vs. Provision Expense

55,000 45,000 35,000 25,000 15,000 5,000 $25 Million $23 Million

(in thousands) Q3-09 Q4-09 Q1-10 Q2-10 Q3-10 Pre-Tax Pre-Credit Income Provision Expense

Charge Offs vs. Reserves

2.78%

2.63% 2.66%                                2.66% 2.63%

2.43% 2.53% 2.42%

Q3-09 Q4-09 Q1-10 Q2-10 Q3-10 Net Charge Offs/Total Loans Reserve/Total Loans

Pre-tax, Pre-Credit Income surpassed Provision expense by nearly $2 million in Q3-2010.

First surplus in 8 consecutive quarters (since Q3-2008).

Reserve ratio has exceeded net charge off ratio for 3 consecutive quarters.

pg. 9 * Pre-tax pre-credit income is a non-GAAP number, for definition see

 table on page 7.

Net Interest Margin Rising

6.50% 5.50%5.11% 5.07% 5.24% 5.06% 5.13% 4.50% 3.50% 3.69% 3.84% 4.17% 4.16% 4.32% 2.50% 1.50% 1.42% 1.23% 1.07% 0.90% 0.81%0.50% Q3-09  Q4-09  Q1-10 Q2-10 Q3-10

Cost of Funding Earning Assets    Net Int Margin*  Yield on Int Earning Assets* Yield on earning assets improved due to reduction of short-term investments and increases in investment securities and loans. Cost of funding has fallen due to improvements in funding mix due to strong DDA growth and reduction in CDs.

pg. 10 * Net Interest Mawrgin and yield on Earning Assets are reported on a tax-equivalent basis.

Non-Interest Income Trust and advisory service revenue continue to decline due to divestitures. Miller/Russell sold Q4-09.Premier Trust sold Q3-10.

9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 $6,502 36% 15% 18% 19% 12% $7,458 30% 14% 32% 16% 8% (in thousands) 36% 16% 16% 20% 12% $6,349

(in thousands) Q3-09  Q4-09  Q1-10  Q2-10  Q3-10 Trust and investment advisory services  Bank owned life insurance Operating lease income Other income*

Service charges Pg. 11  * Excludes securities and mark-to-market gains/losses, gains/losses on sale of investment securities and gain on sale of Premier Trust.

Controlling Operating Expenses 50,000 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 $42,589 (in thousands) $41,254 $41,268

Q3-09 Q4-09 Q1-10 Q2-10 Q3-10 Operating expenses held flat from Q2-2010. Down over 3% since Q3-09. Efficiency ratio steadily improving. 80% 75% 70% 65% 60% 55% 75.3% 70.5% 68.4%  4.4% 62.4% Q3-09 Q4-09 Q1-10 Q2-10 Q3-10 Salaries & benefits Occupancy Legal, professional & directors’ fees  Marketing & customer service  Insurance Data profcessing Other expenses*< /font>

Pg. 12 * Excludes goodwill impairment and gains/losses on sale of repossessed assets.

Loan Portfolio Composition (in millions) 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 (in millions) Q3-09 Q4-09 Q1-10 Q2-10 Q3-10 Commercial CRE, Owner Occupied Construction & Land CRE, Non-Owner Occpd Residential RE Consumer $3,968 « 2% 28% 21% 17% 17% 15% 2% 2% $4,130 « 2% 30% 22% 20% 13% 13% $4,174 « 2% 29% 23% 21% 12% 13%

Continued loan growth: Total loan growth of $44 million or 1.1% for Q3-2010. Total loan growth of $206 million or 5.2% since Q3-2009.  Continued improvement in loan concentrations:

Commercial loans increased by $44 million or 5.3% from Q2-2010. Construction & Land loans down $44 million or 8.3% for Q3-2010. pg. 13

Loan Distribution by Bank

Q4-2007

15% 69% 16%

Q3-2010

24% 55% 21%

Nevada

Arizona

California

Pg. 14

Stable Deposit Growth 6,000 5,500 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 $4,752 31% 38% 7% 24% $5,230 28% 35% 12% 25% $5,328 36% 26% 12% 27% (in millions) Q3-09 Q4-09 Q1-10 Q2-10 Q3-10 Non-Int Bearing DDA NOW MMDA and Savings CDs* Total deposits continue to steadily climb: Over $98 million growth in Q3-2010.

Over $576 million growth since Q3-2009. Non-interest bearing DDA has grown by 23% or $267 million since Q3-2009. Pg. 15 * Includes wholesale brokered and CDARS deposits.

Deposit Distribution by Bank Q4-2007 15% 68% 17% Q3-2010 23% 54% 23% Nevada Arizona California

Nevada Deposit Market Share* Rank  Institution  Deposits (in millions)  Market Share 1 Wells Fargo  $12,34733.0% 2  Bank of America 10,190 27.2% 3 Zions Bancorp 3,3989.1%

4 Western Alliance Bancorp 2,911 7.8% < font color="white" style="FONT-SIZE: 1pt; FONT-FAMILY: Times New Roman">5 US Bank 2,789 7.4% 6 JP Morgan Chase 1,094 2.9% 7 Citibank 982 2.6% 8 City National Bank 535 1.4% 9 Capitol Bancorp 476 1.3%

10 Heritage Bank 411 1.1% Total $37,464 100% San Diego County Deposit Market Share* Rank Institution Deposits (in millions) Market Share1 Wells Fargo Bank $12,47224.8%

2 Bank of America 10,079  20.0%3 Union Bank 6,08712.1%4 JP Morgan Chase 5,94111.8%5 US Bank 3,8967.7%6 Zions Bancorp2,761 5.5%7 Citibank 1,609 3.2%

8 Pacific Western Bank1,0892.2% 9 Western Alliance Bancorp 921 1.8% 10 Comerica Bank6081.2% Total$50,325100% Arizona Deposit Market Share* Rank  Institution Deposits (in millions)Market Share 1 Wells Fargo$21,68627.2%2 JP Morgan Chase19,20124.1% 3 Bank of America  17,13721.5% 4 Zions Bancorp3,6934.6% 5 Compass Bank3,1473.9% 6 M&I Bank2,6583.3% 7 Western Alliance Bancorp1,2311.5% 8 Meridian Bank1,1561.5% 9 US Bank9611.2% 10 Northern Trust< font color="white" style="DISPLAY: inline; FONT-SIZE: 1pt; FONT-FAMILY: Times New Roman">9451.2% Total $79,713 100%

Increasing Market Share WAL Regional Market Share* Arizona San Diego County Nevada 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 2008 0.9% 1.5% 6.5% 2009 1.0% 1.8% 7.1%

2010 1.5% 1.8% 7.8% Ranking 200820092010 Arizona12117 San Diego County  11109  Nevada  4  4  4< /font>WAL has steadily increased market share in regions in which it operates.

Pg. 18 * Source:  SNL Financial.  Excludes savings and thrift institutions. For Nevada, also excludes out-of-market deposits.

Composition of Liquid Assets (in millions) Liquid Assets:   Q3-09  Q4-09  Q1-10  Q2-10Q3-10

Cash and Due From Banks $753 $393 $828 $561 615 Fed Funds Sold 5 4 2 0 1 Money Market Cash Account 55 54 13 5 2

Non-Pledged Marketable Securities 88 281  314 435 521 Total Liquid Assets $901 $732 $1,157 $1,001 $1,139

Total Assets $5,831 $5,753 $6,096 $5,959 $6,179 Primary Liquidity Ratio 15.5% 12.7% 19.0% 16.8% 18.4%

Minimum Liquidity Guideline $350 $345 $366 $358 $371 Excess Liquidity $551 $387 $791 $643$768

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Funds Raised in Capital Markets

Equity 8/18/2010 Closing Share Price $6.83 Discount 8.5% $0.58 Sale Price $6.25 Commission 4.5% $0.28 Net Proceeds per share $5.97 Number of Shares8,050,000 Total Net Proceeds$48,059,000 Current Shares Outstanding 73,426,774 Dilution % 9.9% New Total Shares 81,476,774 Debt 8/25/2010 Notes Sold$75,000,000 Discount 1.5% $1,125,000 Proceeds $73,875,000 Commission 1.375% $1,031,250 Total Net Proceeds$72,843,750 Coupon % 10.0% Yield %* 10.4% Maturity 9/1/2015 * Current  Bid Yield of  8.3% Combined net proceeds of $121 million. Pg. 20

2010 Capital Ratios

Tier 1 LeverageTier 1 Common1Q10 2Q10 3Q10*1Q10 2Q10 3Q10*Bank of Nevada8.5% 8.1% 9.1% 10.2% 9.9% 11.1%Alliance Bank of Arizona 6.2% 6.1% 8.2% 9.1% 9.3% 11.2%First Independent Bank 8.7% 8.5% 8.7% 10.3% 10.3% 11.1%Torrey Pines Bank9.5% 9.4% 9.7% 10.9% 10.7% 10.9%Alta Alliance Bank 11.5% 11.3% 11.5% 17.7% 17.2% 17.6%Western Alliance9.5%9.1%9.9%8.2% < /font>8.2%9.0%

Pg. 21 * Capital ratios are considered estimates until Call Reports are filed.

Dividend Capacity by Affiliate Beginning in 2011 (in thousands) Q3-2010 Tier 1 Capital (1) Target Tier 1 Capital Capital Surplus 2010 YTD Net Income YTD Dividend Capacity (2)

(in Bank of Nevada $243,020 $240,279 $2,741 $(20,626)$0 Alliance Bank of Arizona 109,833 107,629 2,204 6,731 2,204 Torrey Pines Bank 105,757 87,211 18,546 3,881 3,881 First Independent Bank of Nevada 48,741 44,762 3,979 2,515 2,515 Alta Alliance Bank 23,791 16,564 7,227 834 834 Total $9,434 Pg. 22 (1) Tier 1 Capital is considered an estimate until Call Reports are filed. (2) Dividend capacity is the lesser of  the previous four quarters earnings or capital surplus and may be subject to regulatory approval.

Recent Asset Quality Trends 600,000 500,000 400,000 300,000 200,000 100,000 0 (in thousands) Sep-09  Dec-09  Mar-10   Jun-10   Sep-10 NPA's      Graded     Classified     Assets     Watch

Asset quality metrics from Q2-2010 mostly improved: • Non-accrual loans down $3 million to $131 million. • Repossessed assets up $6 million to $110 million.

• 90+ accruing down $3 million. • Graded loans down $18 million to $286 million. • Classified assets down $19 million to $399 million. • Watch loans down $53 million to $205 million.

• Accruing TDRs up $31 million to $102 million. Pg. 23

Classified Assets/ Tier 1 Capital + ALLL Western Alliance Total Classified Assets/ Tier 1 Capital + ALLL 75%  70%  65%  60%  55% 68.4% 74.0% 69.9% 63.6% 57.0% Total classified assets declined by $18.7 million or 4.5% in Q3-2010. Q3-2009 Q4-2009 Q1-2010 Q2-2010 Q3-2010Q3-2009Q4-2009Q1-2010Q2-2010Q3-2010 Bank of Nevada110.4%124.4%96.6%89.8%70.1%Alliance Bank of Arizona58.5%68.9%64.1%58.8%44.1%Torrey Pines Bank50.3%49.8%47.5%37.3%31.9%First Independent Bank of Nevada50.1%58.3%67.4%67.9%59.3%Alta Alliance Bank12.4%27.7%25.0%20.4%20.3%Western Alliance68.4%74.0%69.9%63.6%57.0%

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Strategic Outlook

Focus on core banking operations   Reduce non-performing assets   Increase market share   Strengthen risk management

Pg. 25