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Western Alliance Bank to Donate $100,000 to American Red Cross to Support Communities Impacted by Southern California Wildfires

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Western Alliance Bank (NYSE: WAL) has announced a significant dual initiative to support communities affected by the Southern California wildfires. The bank is making a $100,000 donation to the American Red Cross, which includes employee contributions matched by the bank through the Western Alliance Community Foundation.

In addition to immediate relief efforts, Western Alliance has committed $1 billion in loan capacity specifically targeted at supporting small businesses and homeowners with owner-occupied construction loans to assist in rebuilding impacted areas. Interim CEO and CFO Dale Gibbons emphasized the bank's deep connection to Southern California, where it employs thousands and serves numerous customers across the affected region.

Western Alliance Bank (NYSE: WAL) ha annunciato una significativa iniziativa duplice per supportare le comunità colpite dagli incendi del sud della California. La banca sta effettuando una alla Croce Rossa Americana, che include i contributi dei dipendenti, e questi vengono abbinati dalla banca attraverso la Western Alliance Community Foundation.

Oltre agli sforzi di soccorso immediati, Western Alliance ha impegnato 1 miliardo di dollari in capacità di prestito specificamente destinato a supportare piccole imprese e proprietari di case con prestiti per costruzione occupata dal proprietario, per assistere nella ricostruzione delle aree colpite. L’amministratore delegato ad interim e CFO Dale Gibbons ha sottolineato il forte legame della banca con il sud della California, dove impiega migliaia di persone e serve numerosi clienti nella regione colpita.

Western Alliance Bank (NYSE: WAL) ha anunciado una importante iniciativa dual para apoyar a las comunidades afectadas por los incendios en el sur de California. El banco está realizando una a la Cruz Roja Americana, que incluye las contribuciones de los empleados que son igualadas por el banco a través de la Fundación Comunitaria Western Alliance.

Además de los esfuerzos de alivio inmediato, Western Alliance se ha comprometido a 1 mil millones de dólares en capacidad de préstamo específicamente destinados a apoyar a pequeñas empresas y propietarios de viviendas con préstamos de construcción ocupada por el propietario para ayudar a reconstruir las áreas afectadas. El CEO interino y CFO Dale Gibbons enfatizó la profunda conexión del banco con el sur de California, donde emplea a miles de personas y atiende a numerosos clientes en la región afectada.

웨스턴 얼라이언스 은행 (NYSE: WAL)이 남부 캘리포니아에서 발생한 산불로 피해를 입은 지역사회를 지원하기 위한 중요한 이중 이니셔티브를 발표했습니다. 은행은 100,000달러 기부를 미국 적십자사에 진행하며, 직원 기여금은 웨스턴 얼라이언스 커뮤니티 재단을 통해 은행에 의해 매칭됩니다.

즉각적인 구호 활동 외에도, 웨스턴 얼라이언스는 피해 지역의 재건을 지원하기 위해 자가 거주 건설 대출을 통해 중소기업과 주택 소유자를 지원하는 10억 달러의 대출 용량을 약속했습니다. 임시 CEO이자 CFO인 데일 기본스는 은행이 수천 명을 고용하고 피해 지역 내 수많은 고객들을 서비스하면서 남부 캘리포니아와 강한 연결고리를 유지하고 있다고 강조했습니다.

Western Alliance Bank (NYSE: WAL) a annoncé une initiative double significative pour soutenir les communautés touchées par les incendies de forêt du sud de la Californie. La banque fait un dons de 100 000 dollars à la Croix-Rouge américaine, qui comprend les contributions des employés, correspondant à celles de la banque via la Western Alliance Community Foundation.

En plus des efforts de secours immédiats, Western Alliance s'est engagé à 1 milliard de dollars en capacité de prêt spécifiquement destiné à soutenir les petites entreprises et les propriétaires avec des prêts de construction occupés par le propriétaire pour aider à reconstruire les zones touchées. Le PDG intérimaire et CFO Dale Gibbons a souligné le lien profond de la banque avec le sud de la Californie, où elle emploie des milliers de personnes et sert de nombreux clients dans la région touchée.

Western Alliance Bank (NYSE: WAL) hat eine bedeutende duale Initiative zur Unterstützung der von den Waldbränden in Südkalifornien betroffenen Gemeinden angekündigt. Die Bank tätigt eine Spende von 100.000 US-Dollar an das Rote Kreuz, die die von den Mitarbeitern geleisteten Beiträge beinhaltet, die von der Bank über die Western Alliance Community Foundation verdoppelt werden.

Zusätzlich zu den sofortigen Hilfsmaßnahmen hat sich Western Alliance verpflichtet, 1 Milliarde US-Dollar an Kreditkapazität bereitzustellen, die speziell darauf abzielt, kleinen Unternehmen und Hausbesitzern mit selbstgenutzten Baukrediten zu helfen, um die betroffenen Gebiete wieder aufzubauen. Der Interims-CEO und CFO Dale Gibbons betonte die enge Verbindung der Bank zu Südkalifornien, wo sie Tausende von Mitarbeitern beschäftigt und zahlreiche Kunden in der betroffenen Region bedient.

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Bank Also Commits $1 Billion in Loan Capacity to Help Small Businesses and Homeowners Rebuild in Impacted Areas

PHOENIX--(BUSINESS WIRE)-- Western Alliance Bank (NYSE: WAL) today announced it is donating $100,000 to the American Red Cross to help support people and communities impacted by the devastating Southern California wildfires.

This donation comprises funds from the Western Alliance Community Foundation, the charitable arm of Western Alliance Bank, as well as employee contributions, which the Bank is matching.

Western Alliance also announced that it is dedicating $1 billion in loan capacity to support small businesses and homeowners with owner-occupied construction loans to help rebuild impacted areas.

“Western Alliance Bank is committed to supporting relief efforts in Southern California, where people and communities are facing devastating losses from the wildfires,” said Dale Gibbons, Interim CEO and CFO of Western Alliance Bank. “Our hearts are heavy right now. Southern California is a significant part of our enterprise – Western Alliance and our divisions employ thousands of people, and work with thousands of customers, across this hard-hit region. In addition to supporting crucial relief efforts now, what comes after the disaster also is critically important: Western Alliance Bank is dedicating $1 billion in loan capacity to help rebuild impacted areas.”

About the American Red Cross

The American Red Cross shelters, feeds and provides comfort to victims of disasters; supplies about 40% of the nation’s blood; teaches skills that save lives; distributes international humanitarian aid; and supports veterans, military members and their families. The Red Cross is a nonprofit organization that depends on volunteers and the generosity of the American public to deliver its mission. For more information, please visit redcross.org or CruzRojaAmericana.org, or follow us on social media.

About Western Alliance Bank

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 Bank.

Media contact: Stephanie Whitlow, swhitlow@westernalliancebank.com

Source: Western Alliance Bancorporation

FAQ

How much is Western Alliance Bank (WAL) donating to support California wildfire relief efforts?

Western Alliance Bank is donating $100,000 to the American Red Cross to support communities impacted by the Southern California wildfires. This includes employee contributions matched by the bank through its Community Foundation.

What is the size of Western Alliance Bank's (WAL) loan commitment for wildfire rebuilding?

Western Alliance Bank has committed $1 billion in loan capacity to help rebuild areas impacted by the Southern California wildfires.

Who can access Western Alliance Bank's (WAL) $1 billion wildfire rebuilding loan program?

The loan program is specifically designed for small businesses and homeowners seeking owner-occupied construction loans to rebuild in areas impacted by the Southern California wildfires.

How is Western Alliance Bank (WAL) supporting its Southern California community during the wildfires?

Western Alliance Bank is supporting its Southern California community through a $100,000 donation to the American Red Cross and by providing $1 billion in loan capacity for rebuilding efforts.

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