Western Alliance Bancorporation’s Kenneth Vecchione and Dale Gibbons Named Best CEO, CFO in Extel’s 2024 All-America Executive Team for Midcap Banks

Rhea-AI Summary

Western Alliance Bancorporation (NYSE:WAL) has received top honors in Extel's 2024 All-America Executive Team rankings for Midcap Banks. Kenneth A. Vecchione, President and CEO, and Dale Gibbons, Vice Chairman and CFO, were named Best CEO and Best CFO respectively. The company's Board of Directors secured First Place for Best Company Board, while the Investor Relations team, led by Miles Pondelik, was also recognized among top industry professionals.

This recognition continues WAL's strong performance in these rankings, having achieved similar distinctions in 2023 and 2022. The 2024 rankings were based on surveys of 979 portfolio managers, buy-side analysts, and 151 sell-side analysts. Among 570 companies receiving votes, only 160 achieved rankings in categories including Best IR Program, CEO, CFO, IR Professional, Investor Day, Company Board, and ESG. WAL was named among the 'Most Honored Companies' due to its leadership's high rankings.

PHOENIX--(BUSINESS WIRE)-- Western Alliance Bancorporation (NYSE:WAL) today announced that Kenneth A. Vecchione, President and Chief Executive Officer, and Dale Gibbons, Vice Chairman and Chief Financial Officer, were named as Best CEO and Best CFO, respectively, in Extel’s (previously Institutional Investor’s) 2024 All-America Executive Team rankings for Banks – Midcap ($2B-$10B).

The Western Alliance Bancorporation Board of Directors was also recognized for their exceptional leadership, receiving First Place for Best Company Board. Miles Pondelik, Senior Director of Investor Relations, and the company’s Investor Relations team were similarly recognized for being among the top professionals in the industry.

This latest recognition extends Western Alliance Bancorporation’s strong history with the All-America Executive Team rankings. In 2023 and 2022, Vecchione and Gibbons also were named #1 Best CEO and Best CFO, respectively, and the Company’s Board of Directors and IR team also took top honors for Banks – Midcap. The Company’s outstanding rankings on the All-America Executive Team reach back even further over the past several years.

For the 2024 ranking, Extel collected the opinions of 979 portfolio managers and buy-side analysts, and 151 sell-side analysts. More than 570 companies received votes in this year’s All-America Executive Team Midcap survey. Of those companies, 160 received a first-, second-, or third-place ranking in one or more of the following categories: Best IR Program, CEO, CFO, IR Professional, Investor Day, Company Board, and ESG.

Sixty-one companies were distinguished as “Most Honored” for receiving the highest total weighted score from the underlying data received in each of the seven categories. Because of the high rankings earned by both Vecchione and Gibbons for their corporate leadership and investor relations expertise, Western Alliance Bancorporation also was listed among the magazine’s “Most Honored Companies.”

“We appreciate the confidence of portfolio managers and analysts who participated in this year’s survey, and the recognition we’ve received of our transparent and responsive investor relations approach,” said Vecchione last week.

About Western Alliance Bancorporation

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 Bancorporation.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241216906128/en/

Media Contact:

Stephanie Whitlow

Chief Marketing Officer

480.998.6547

swhitlow@westernalliancebank.com

Investors:

Miles Pondelik

Senior Director, Investor Relations & Corporate Development

602.346.7462

mpondelik@westernalliancebank.com

Source: Western Alliance Bancorporation

FAQ

What awards did Western Alliance Bancorporation (WAL) receive in Extel's 2024 rankings?

WAL received multiple top honors including Best CEO (Kenneth Vecchione), Best CFO (Dale Gibbons), and First Place for Best Company Board. The company was also named among the 'Most Honored Companies.'

How many analysts participated in WAL's 2024 Extel rankings evaluation?

A total of 1,130 analysts participated, comprising 979 portfolio managers and buy-side analysts, plus 151 sell-side analysts.

How has WAL performed in previous years' All-America Executive Team rankings?

WAL has maintained consistent excellence, with Vecchione and Gibbons being named #1 Best CEO and Best CFO respectively in both 2023 and 2022, along with top honors for their Board of Directors and IR team.

How many companies received rankings in Extel's 2024 Midcap survey?

Out of 570 companies that received votes, 160 achieved first-, second-, or third-place rankings in various categories, with 61 companies being distinguished as 'Most Honored.'